Noida, UP India (PressExposure) April 05, 2011 -- According to our new research report "China Steel Industry Analysis", China is the world's largest steel producing and consuming industry. China accounted for nearly half of the total global steel production in 2010. The steel industry in the country has traditionally been focusing on long steel products. However, as per our research, the demand for flat products will outpace long products in the coming years. We anticipate that the apparent consumption of flat products will grow at a CAGR of over 10% during 2011-2014.
The main reason for the rising demand for flat products, such as steel strips and sheets, is growing automobile, ship building, and machine building sectors. Along with this trend, various other strong fundamental drivers discussed and analyzed in the report will enable this industry to sustain its upward growth trend in the coming years.
Further, our report reveals that although the global economic crisis negatively affected various steel intensive industries, the Chinese government's stimulus package helped it to boost economic growth by injecting funds in various industries, such as construction, infrastructure, automobile, and power.
Besides, our report provides important facts regarding production, consumption, exports and imports of long as well as flat products in terms of their product category. In long products category, we have covered wire-rods and rebar, while in flat products category we have covered hot-rolled coils, hot-rolled plates, cold-rolled coils, and hot dip galvanizing steel.
Our report "China Steel Industry Analysis" is a comprehensive study of the world's largest steel industry, and provides thorough analysis on its various parameters, such as production and consumption pattern, type of steel products, and major exporting and importing countries. The report also outlines the past and future market trends and discusses the industry trends and growth drivers. Besides, the report has identified key players in the industry and includes their detail business description along with their recent activities. Additionally, the report presents an insight into the regulatory reforms in the country and recent regulatory developments in the country's steel industry.
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