Steel market in 2016 is out of all our expectation, only goes as Mr. Wu Wenzhang expected. In 2016, steel mills enjoyed profits with steel prices recovered and picked up; coal mines stood out all of a sudden; iron ore price also rallied up slightly. After the price rally, steelmakers and traders mostly work on meeting domestic demand, while monthly export remains at about 8 million tons. Where will steel prices go in 2017? How about Chinese steelmakers’ export plans in 2017?
To ease Chinese overcapacity situation, some steel mills seek ways to transfer capacity to abroad, or let steel “go out” with infrastructure construction projects by One Belt & One Road. Will capacity and facilities transfer work out on relieving China’s supply pressure?
In 2016, Chinese government has made some progress in resolving excess steel capacity. Some regions have accomplished the elimination task ahead of schedule. Will the government continue to cut capacity or accelerate industry acquisition and reorganization in 2017?
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