July 05, 2008

List of top Chinese steel makers in 2007

As a sign that consolidation is making some headway, China's top 20 steelmakers accounted for 250 million tonnes in 2007 out of total production of 489 million tonnes a little more than half of the country's total output, compared with less than 50% in 2006.

Rank	Steel Maker	2007	Change
1	Baosteel Group	28.58	9.3%
2	Jiangsu Shagang Group*	22.89	16.7%
3	Tangshan Iron & Steel Group	22.75	19.4%
4	Wuhan Iron & Steel Group	20.19	12.8%
5	Anshan Iron & Steel Group**	16.17	6.0%
6	Maanshan Iron & Steel Group	14.17	26.9%
7	Shougang Group	12.86	22.0%
8	Jinan Iron & Steel Group***	12.12	7.8%
9	Laiwu Iron & Steel Group***	11.70	8.4%
10	Hunan Valin Iron & Steel Group	11.12	12.3%
11	Taiyuan Iron & Steel Group	9.29	48.4%
12	Anyang Iron & Steel Group	9.00	28.0%
13	Baotou Iron & Steel Group	8.84	18.1%
14	Handan Iron & Steel Group	8.33	5.2%
15	Tangshan Jianlong Industry Co	7.61	26.2%
16	Benxi Iron & Steel Group**	7.42	1.6%
17	Jiuquan Iron & Steel Group	7.37	11.0%
18	Panzhihua Iron & Steel Group	6.64	-2.0%
19	Beitai Iron & Steel Group	6.41	22.1%
20	Rizhao Iron and Steel Group***	6.18	72.4%
21	Nanjing Iron and Steel Group	5.95	21.5%
22	Liuzhou Iron and Steel Group	5.80	8.4%
23	Xinyu Iron & Steel Co	5.64	10.9%
24	Tangshan Guofeng Iron & Steel Co	5.23	0.9%

2007 output in million tonnes
Change is YoY as compared to 2006
Source- China Iron and Steel Association

* In 2007, Shagang bought controlling stakes in three other mills, Anyang Yongxing Iron and Steel, Jiangsu Xinrui Special
Steel and Jiangsu Yonggang Group. Output is consolidated.

** In August 2005 Anshan and Benxi merged their raw materials purchases, marketing, foreign trade and financial statements to form Anben Iron and Steel Group, but have not exchanged equity or cash. If fully merged, the two would have had a combined output of 23.59 million tonnes in 2007.

*** The Shandong provincial government plans to merge Jinan and Laiwu, to create Shandong Iron and Steel Group, which would rank just behind Anben based on 2007 output of 23.24 million tonnes. The new group may ultimately take over Rizhao, a fast-growing private mill in the province.

(Sourced from Reuters)