WikimediaReuters reported that MrTang
Fuping, the chairman of Anshan Iron & Steel Group Corp, said on Monday,
that China’s 10 largest steel mills controlled 34.2% of the country’s total
capacity in 2016, well below a 60% target set by the government
Beijing had required the top steel mills to reach the 60 percent target by the
end of 2015 in its 12th five-year plan, Tang said.
Mr Tang “Increasing concentration is one of the important conditions to ensure
the sector’s healthy development, and the state has tried to drive
consolidation. For a variety of reasons it has struggled to meet the targets.”
The largest 10 mills controlled 48.6% of total capacity at the end of 2010.
Source : steelguru