China’s Steel Industry

by James Holloway, Ivan Roberts and Anthony Rush.

China’s steel industry has grown rapidly in recent decades, with China now the world’s largest producer and consumer of steel. this has resulted in a sharp increase in demand for iron ore and coal, Australia’s two largest exports, which are key inputs for the steelmaking process. this article discusses the growth of the Chinese steel industry over the past couple of decades.

Introduction
Over the past 30 years, China’s steel production has increased at a rapid pace as the economy has industrialised and urbanised. The expansion of steel production, particularly over the past decade, has been a significant driver of China’s demand for raw materials, especially iron ore and coking coal. This has resulted in a considerable increase in China’s imports of these commodities. This article discusses the Chinese steel industry, focusing on its structure, the geographical distribution of its steel production and recent developments.

Growth of the Chinese Steel Industry


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http://www.rba.gov.au/publications/bulletin/2010/dec/pdf/bu-1210-3.pdf