CHINA'S STEEL INDUSTRY MAY INVOLVE IN GLOBAL M&A, SIEMENS SAYS
AsiaInfo Services, January, 2006
AsiaInfo Services 01-24-2006 China's Steel Industry May Involve in Global M&A, Siemens Says BEIJING, Jan 24, 2006 (SinoCast via COMTEX) -- Germany's conglomerate Siemens boldly forecasts that the Chinese iron and steel industry will be inevitably involved in the global mergers and acquisitions.
And only about ten Chinese steel makers would finally survive. It is the truth that there are defects in the Chinese iron and steel industry like inappropriate deployment although China's steel output exceeds the total of the US and Japan, No. 2 and No. 3 steel producers in the world. Presently, there are more than 1,400 iron and steel processing companies in the country, but many small and ultra-small ones are weak in innovation and competitiveness. Steel...
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