The report sums up the development of the global and Chinese metallurgy industries in 2004. Through accurate data and full elaboration, it describes the structure of China's metallurgy industry and competition situation in the industry from various angles. Meanwhile, it presents assessment of major enterprises' business strategy and competitiveness.
The report especially points out the following: In 2004, the government's macro control and adjustment of industry policy produced impact on some metallurgy enterprises in China's metallurgy industry. However, the industry remained prosperous as a whole, with steady growth in output and sales revenue. The micro-economic environment and investment environment in the industry still presented a rosy picture. Listed steel companies and non-ferrous metal companies achieved encouraging performance. Therefore, the industry is worth investing. Due to low industry concentration, competition is very intense in the industry. Thus, profitability is vital to an enterprise’s development. Irrational industry structure is a serious problem in this sector. The excessive production capacity of some low-end products coexists with the insufficient production capacity of products with high added value. The shift from production capacity expansion to the adjustment of industrial structure is the development direction in the future.
After analyzing major factors affecting the development of China's metallurgy industry from 2005-2009, the report presents qualitative and quantitative forecast of the industry. Finally, it provides development strategy and recommendations for the government, enterprises and investors respectively.