From January to August, 2007, China's total assets of steel industry reached RMB2.6739 trillion, up 23.83% year on year, meanwhile China's steel industry had an obvious growth in investment. From January to August, 2007, sales of China's steel industry grew fast, rising  36.15% year on year, and in the first eight months of 2007, profit reached RMB125 billion, compared with RMB78.852 billion in the same period of the previous year, showing that  profit grew at a marvelous speed, far higher than the growth sales revenue. This indicates that steel industry has entered its golden period of developing by leaps and jumps.

Overall Economic Benefits of China's Steel Industry, Jan.-Aug., 2007

In August, 2007, domestic output of crude steel reached 41.58 million tons, up 13.6% year on year, a slight fall on month against 14.5% posted in July of 2007, meanwhile domestic output of steel products was 48.27 million tons, up 23.7% year on year, almost flat on month against 23.9% in July of 2007. As for the overall steel output in August, though no obvious drop took place in output growth, yet the output growth month on month has decelerated greatly.

Let's look at some specific producers. In the first eight months of 2007, Baosteel produced 18.95 million tons of crude steel, up 6.5% year on year, ranking the first in the country in terms of output, meanwhile, Anshan and Benxi Steel Group produced 15.621 million tons of crude steel, up 4.8% year on year, ranking the second place. Among the national top 12 steel companies, Shanxi Taigang Stainless Steel Co. Ltd totally produced 6.12 million tons of crude steel, up 67.9% year on year, the rapidest growth rate among the top 12 steel producers.

Crude Steel Output of China's Top 10 Steel Companies, Jan.- Aug., 2007

The years of 2007 and 2008 will be a period, in which China's steel sheet output will have a big growth caused by a big rise in newly increased production. In the two years, China's market of steel products will be basically balanced. China's steel industry in the future will show the following developing trend. Prices of iron ore will continue to be on the upward trend, but its growth rate will slow down. Policy risk will become serious and environment protection will become an increasingly big burden. Pressure on export will become heavier and heavier. National development plan for steel industry requires more mergers and acquisitions to create steel conglomerates in the future, indicating medium- and small-sized steel producers will be faced with greater risk.

2. Economic Benefits of China Steel Industry 
2.1 Overall Situation of China Steel Industry
2.1.1 Overall Economic Benefits Situation
2.1.2 Overall Steel Companies Situation
2.1.3 Overall Management Situation
2.1.3.1 Link Relative Ratio
2.1.3.2 Profit Making Ability
2.1.3.3 Operating Ability
2.1.3.4 Debt Paying Ability
2.1.4 Contrast of Steel Companies with Different Scales
2.1.4.1 Analysis of Average Indicators per Capita 
2.1.4.2 Analysis of Profit Making Ability
2.1.4.3 Analysis of Operating Ability
2.1.4.4 Analysis of Debt Paying Ability
2.2 Economic Benefits of Steel Companies
2.2.1 Economic Benefits of Leading Iron-Making Companies
2.2.2 Economic Benefits of Ferrous Smelting and Rolling Companies 
2.2.3 Economic Benefits of Leading Steel-Making Companies
2.2.4 Economic Benefits of Rolling Processing Companies
2.2.5 Economic Benefits of Leading Ferroalloy Companies  

3 Industry Chain Related to Steel Industry
3.1 Industry Chain
3.1.1 Overall Situation of the Industry
3.1.1.1 Complete Industry Chain
3.1.1.2 Target Industry Chain
3.1.1.3 Product Structure
3.1.1.4 Basic Characteristics
3.1.2 Target Customers
3.1.3 Target Products
3.1.3.1 Choosing Principles 
3.1.3.2 Choosing Results
3.2 Influence of Upstream Iron Ore Industry
3.2.1 Production of Crude Iron Ore Decreasing
3.2.2 Retrospect of Iron Ore Fine Market in North
3.2.3 Retrospect of Iron Ore Fine Market in South
3.2.4 Iron Ore Imports Growing
3.2.5 International Marine Shipping Price Hiking  
3.2.6 Iron Ore Price Hiking

4. China Steel &Iron Industry Operation Situation
4.1 Supply and Demand
4.1.1 Steel & Iron Production
4.1.1.1 Crude Steel
4.1.1.2 Iron Ore
4.1.1.3 Key Companies
4.1.1.4 Industry Concentration
4.1.2 Domestic Steel Price Indicators
4.1.2.1 Building Steel Material Market
4.1.2.2 Steel Sheets Market
4.1.2.3 Steel Pipes Market
4.1.3 Steel& Iron Output around China
4.1.3.1 Steel & Iron Output
4.1.3.2 Steel & Iron Output Trends
4.1.4 Steel &Iron Products Output around China
4.1.4.1 Steel Product Output
4.1.4.2 Steel Product Output Trends 
4.2 Import and Export
4.2.1 Import and Export Volume of Steel & Iron
4.2.1.1 Import of Steel Billet and Steel
4.2.1.2 Export of Steel Billet and Steel 
4.2.1.3 Big Drop of Crude Steel Imports
4.2.1.4 Export Price of Steel Billet and Steel
4.2.1.5 Price Differences between Import and Export of Steel
4.2.2 Export Trends of Steel & Iron
4.2.2.1 Steel & Iron
4.2.2.2 Steel 
4.2.3 Import Trend of Steel & Iron 
4.2.3.1 Steel & Iron
4.2.3.2 Steel Products
4.3 Development Trends of Steel & Iron Industry
4.3.1 Status Quo of the Industry
4.3.1.1 Output Capacity of Low Level Takes up Great Proportion
4.3.1.2 Unreasonable Industry Pattern
4.3.1.3 Low Industry Concentration
4.3.1.4 High Consumption
4.3.1.5 Price of Hot Rolled Steel Sheet Fluctuates 
4.3.1.6 Investment Grows Slowly
4.3.2 Industry Trends
4.3.2.1 Lately Changes of Industry
4.3.2.2 Main Industry Trends

5. Target Market Location in China Steel & Iron Industry
5.1 Investment Opportunities
5.1.1 Steel & Iron Companies Merged to Create Investment Opportunities
5.1.1.1 Merger among Steel & Iron Companies See Good Prospect
5.1.1.2 Status Quo of Merger among the Companies
5.1.1.3 Influences Brought about by Merger
5.1.1.4 Investment Opportunities
5.1.2 Increasing Ship Board Demand Pushes the Development of Steel & Iron Industry
5.1.2.1 Ship-Building Industry Promotes the Demands for Steel & Iron 
5.1.2.2 Ship Board Dependence Degree 
5.1.2.3 Key Companies in Shandong
5.2 Key Steel & Iron Companies
5.2.1 Big Companies
5.2.2. Middle Companies
5.2.3 Small Companies
5.3 Steel & Iron Product Location
5.3.1 Line Steel and Reinforced Steel Bar Market Forecast
5.3.1.1 General Condition of the Market 
5.3.1.2 Prospect of Market
5.3.2 Forecast of Profiled Market
5.3.2.1 General Situation of the Market
5.3.2.2 Prospect of the Market
5.3.3 Middle-Thick Steel Sheets Market Forecast
5.3.3.1 General Situation of the Market
5.3.3.2 Prospect of the Market
5.3.4 Cold Rolled Steel Market Forecast
5.3.4.1 General Situation of the Market
5.3.4.2 Prospect of the Market
5.3.5 Silicon Steel Market Prospect
5.3.5.1 General Situation of the Market
5.3.5.1 Prospect of the Market
5.3.6 Seamless Steel Pipes Market Prospect
5.3.6.1 General Situation of the Market
5.3.6.2 Prospect of the Market

6. Risks in China Steel & Iron Industry
6.1 Risks Suggestion
6.1.1 Supply Risks in Industry Chain
6.1.1.1 Risks from Market
6.1.1.2 Risks from Resource Supply
6.1.1.3 Risks from Transportation Cost
6.1.2 Risks from Policy
6.1.2.1 Industry Policy Changes
6.1.2.2 Risks from Environment Protection Requirement
6.2 Risks from Investment
6.2.1 Steel & Iron Industry Suffers Pressure from Upstream Industries
6.2.1.1 Frequent Difficulties from International Counterparts
6.2.1.2 Profits are lessened by Upstream Industries
6.2.1.3 Middle-Small Steel Companies Confronting with Policy Pressure  
6.2.1.4 Investment Risks
6.2.2 Severe Steel & Iron Overproduction
6.2.2.1 Debt-Paying becomes Increasingly Risky
6.2.2.2 Interest Rate also becomes Increasingly Risky
6.2.3 Export Risks
6.2.3.1 The Industry is in Difficulties
6.2.3.2 International Trade Suffers Frictions
6.2.4 Private Steel & Iron Companies Facing with Protruding Credit Problems
6.2.4.1 Existing Problems on Environment Protection among Private Steel & Iron Companies
6.2.4.2 Analysis of the Risks