Next wave of steel industry merger wave will patronize Asia

Secretary-General of the International Iron and Steel Institute Christmas (IAN CHRISTMAS) Monday in the Reuters global mining and steel Summit is expected next wave of steel industry consolidation waves swept through China, given birth to the major international firms will cost the Western steel manufacturers pose a serious threat.
Road, he warned, "Beware of the" China impact on the emerging industry of steel companies, he pointed out, Western steel companies will need to adjust to the best condition, and should have a clear strategic threat, "had to work very hard to get ahead."
He said that Europe and America have no major steel producers for the acquisition. China, as the world's largest steel producer and a net exporter, but has not materialized steel industry acquisitions. scattered pattern for the industry. He pointed out that five of China's largest steel producers in the domestic market share is even lower than five years ago.
He said that the Chinese government seems to have to create several world-class steel manufacturers strategy Taking into account transport costs of these plants are likely in coastal areas, but also take the lead industry restructuring mission. He predicted that the supply of raw materials in overseas investment strategy mentioned help, within a few years China will be the international iron and steel enterprises to investors owners stated their identity.
Likely to be involved in other sectors, including enterprise integration of manufacturers and iron ore mining group, bulk commodity prices rising for these enterprises have accumulated huge capital.
"Russian enterprises also have strong capital," he added. And noted that the Russian steel manufacturers benefited from the country's vast railway system, lower salary levels of the past three years, M & A activities to the downstream enterprises.