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List of top Chinese steel makers in 2007
Friday, 29 Feb 2008
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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.

RankSteel Maker2007Change
1Baosteel Group28.589.3%
2Jiangsu Shagang Group*22.8916.7%
3Tangshan Iron & Steel Group22.7519.4%
4Wuhan Iron & Steel Group20.1912.8%
5Anshan Iron & Steel Group**16.176.0%
6Maanshan Iron & Steel Group14.1726.9%
7Shougang Group12.8622.0%
8Jinan Iron & Steel Group***12.127.8%
9Laiwu Iron & Steel Group***11.708.4%
10Hunan Valin Iron & Steel Group11.1212.3%
11Taiyuan Iron & Steel Group9.2948.4%
12Anyang Iron & Steel Group9.0028.0%
13Baotou Iron & Steel Group8.8418.1%
14Handan Iron & Steel Group8.335.2%
15Tangshan Jianlong Industry Co7.6126.2%
16Benxi Iron & Steel Group**7.421.6%
17Jiuquan Iron & Steel Group7.3711.0%
18Panzhihua Iron & Steel Group6.64-2.0%
19Beitai Iron & Steel Group6.4122.1%
20Rizhao Iron and Steel Group***6.1872.4%
21Nanjing Iron and Steel Group5.9521.5%
22Liuzhou Iron and Steel Group5.808.4%
23Xinyu Iron & Steel Co5.6410.9%
24Tangshan Guofeng Iron & Steel Co5.230.9%


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)

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