Steel, Aluminum, and Automotive Market Concentration in China

Currently, around half of China’s total steel capacity is owned by the 10 biggest steel firms; the government aims to bring this to 60% by 2015. Also by 2015, targets call for 90% of automobile production and 90% of aluminum production to be done by the 10 largest firms in their respective industries. Furthermore, steel mills will not be permitted to build new capacity in 47 large cities, including Beijing, Shanghai, Tianjin and Chongqing.

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