China faces competition from Indian steel
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| China faces competition from Indian steel | 印度鋼鐵醞釀爆發式發展 或將威脅中國鋼鐵出口 |
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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.? |
印度是中國鐵礦石主要進口來源地之一，一旦印度國內鋼鐵業呈現爆發式發展，對于正處結構調整中的中國鋼鐵產業而言，亦不算佳音。 西門子奧鋼聯連一位部門總經理Tim Dawidowsky對21世紀報分析認為："現在印度鋼材市場供不應求，但我并不認為中國鋼廠在印度有除了出口以外的更大的機會。在印度，無論是政府還是企業，都希望自行建廠以滿足需求。" 事實上，盡管存在巨大的需求缺口，印度鋼鐵市場對于外國投資商一直持保守態度。印度上周發布公告稱，最終同意與韓國浦項制鐵公司合作的一個鋼鐵項目。為此，浦項制鐵已經等待了整整6年時間。 |
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.
