According to China Iron and Steel Association, China iron and steel industry will sharpen its focus on transportation and clean energy during the next National Twelfth Five-Year Plan period (2011-2015).
Mr Deng Qilin president of CISA predicted that the demand for steel will descend though the nation maintains a continually proactive fiscal policy. He said that "The government will tighten exports of 2H1R products so the demand of steel will decline."
He stressed that steel enterprises should manufacture suitable products to satisfy customers. The focus will be on high-speed railways, urban rail transit, ocean engineering, offshore oil exploitation, large scale and special vessels, energy efficient autos, hydropower, nuclear power, wind power, super critical thermal power and ultra high voltage grid.
Mr Deng also emphasized the development and updating of special purpose steel and the importance to put the priority to the domestic market. He said that "The apparent consumption of crude steel is expected to reach 6.32 million tonnes an increase of 5%YoY."
He also mentioned that two steel bases of Baosteel and Wusteel will be constructed during the next Five-Year period. Two modern steel mills will be built in Zhanjiang, Guangdong Province and Fangchenggang, Guangxi Province.
Mr Deng closed in saying that the supply of self-made iron ore concentrate will rise to 45% by 2015 compared to the current 40%.
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