Although recent supply surplus problems appeared in the industry, long-term prospects for the industry are promising
Los Angeles, CA (PRWEB) January 19, 2012
The Steel Rolling industry in China is expected to experience stable but comparatively lower growth from 2012 to 2016. Average annual revenue growth in the five years through 2016 is forecast to be 14.7%, according to IBISWorld, America’s largest publisher of industry research.
In 2011, industry revenue increased by 20.9%. Due to the huge downstream demand from steel product manufacturers, domestic demand grew by 20.8%. At the beginning of the Twelfth Five-Year plan, the Chinese Government issued policies to stimulate domestic development. According to the plan, the iron and steel industry is expected to further strengthen its competition through applying new technologies and new industry system. Therefore, the industry is forecast to show a consistent increase in the next five years.
Although recent supply surplus problems appeared in the industry, long-term prospects for the industry are promising with continued urbanization in China and further expansion of infrastructure facilities. IBISWorld expects the number of enterprises operating in the industry and total industry employment to further decrease in the future due to consolidation and improving production efficiency in the industry.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Steel Rolling industry in China for $825 at ibisworld.com.cn.
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Steel Rolling Industry in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.