China faces competition from Indian steel

By Yang Xi
0 CommentsPrint E-mail China.org.cn, May 12, 2011
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China faces competition from Indian steel 印度钢铁酝酿爆发式发展 或将威胁中国钢铁出口

 

India's steel output has been destined for a big boost. Its production is set to increase to 120 million tons in 2012, which will pose a great challenge to Chinese steel companies, according to the 21st Century Business Herald.

India is one of China's largest suppliers of iron ore. A large expansion of its steel sector would not benefit Chinese steel producers, who are undergoing restructuring.

"The growth in demand for steel products has outpaced supply in India, but I don't believe that Chinese steel companies can have greater opportunities there besides exports," said Tim Dawidowsky, a department head at Siemens Vai Metals Technologies. "Both the Indian government and enterprises hope that they can build factories themselves to meet the growing demand."

In fact, India has always been conservative about foreign investment in steelmaking despite supply shortages. India gave final approval last week to South Korea's POSCO to build a giant $12 mbillion steel plant, the country's biggest foreign investment deal since 1991. POSCO waited six years to get government approval for the project. 


据《21世纪经济报》报道,印度钢铁产业正在积极扩大产能。印度计划到2012年实现1.2亿吨钢铁产量,增幅巨大。这对于中国钢铁业而言,不啻为一个潜在挑战。

印度是中国铁矿石主要进口来源地之一,一旦印度国内钢铁业呈现爆发式发展,对于正处结构调整中的中国钢铁产业而言,亦不算佳音。

西门子奥钢联连一位部门总经理Tim Dawidowsky对21世纪报分析认为:"现在印度钢材市场供不应求,但我并不认为中国钢厂在印度有除了出口以外的更大的机会。在印度,无论是政府还是企业,都希望自行建厂以满足需求。"

事实上,尽管存在巨大的需求缺口,印度钢铁市场对于外国投资商一直持保守态度。印度上周发布公告称,最终同意与韩国浦项制铁公司合作的一个钢铁项目。为此,浦项制铁已经等待了整整6年时间。

China's business press carried the story above on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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