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<< Back For the steel insustry in China, it's time to be fair.


In response to the criticism that China’s steel industry is large in production but backward in technology, Guoqiang Ma, Chairman of Baowu Group refuted in the Summer Davos Forum in Dalian on June 28th, stressing that it’s time to be fair. “Steel consumption in China last year reached 700 million tonnes with only a slight share of 10 million (about 1.4%) tonnes imported, among which just 3 or 4 million tonnes can’t be produced domestically. This indicates that China is able to produce steel covering most of sectors from general application in construction to high end automotive and even aircraft carrier.”

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