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Steel industry concentration falling – CISA
According to Mr Luo Bingsheng vice chairman of China Iron & Steel Association, China produced 237.58 million tonnes of steel in the first half of this year, increasing 18.92% compared with the same period of last year, but the industry concentration is falling.

Mr Luo said falling concentration could been seen from the classification of enterprise sizes.

21 big enterprises yielded over 5 million tonnes of steel in H1 and their accumulative output accounted for 50.54% of the country's total, 2.05% lower than last year; outputs contributed by big and medium enterprises with semiannual output of over 1 million tonnes swelled 14.52% year on year in H1, 4.34% lower than gross growth in the industry; output reported by medium and small enterprises gained 36.8% YoY, 17.89% higher than industry growth.

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