Roadmap of China steel industry in the past 70 years |
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Authors: | Hongbaio Dong Yang Liu Lijun Wang Xinchuang Li Zhiling Tian Yixin Huang |
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Affiliation: | 1. School of Engineering, University of Leicester, Leicester, UKh.dong@le.ac.uk https://orcid.org/0000-0003-1244-0364;3. School of Engineering, University of Leicester, Leicester, UK;4. State Key Laboratory of Advanced Metallurgy, University of Science and Technology Beijing, Beijing, People’s Republic of China;5. Collaborative Innovation Centre of Steel Technology, University of Science and Technology Beijing, Beijing, People’s Republic of China;6. China Metallurgical Industry Planning and Research Industry, Beijing, People’s Republic of China;7. Central Iron &8. Steel Research Institute, Beijing, People’s Republic of China;9. Nanjing Iron and Steel Co., Ltd. (NISCO), Nanjing, People’s Republic of China |
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Abstract: | ABSTRACTThe development of China’s steel industry has been phenomenal, and in 2018, China’s crude steel production reached 928.3 million tonnes and accounted for 51.3% share of global crude steel production. In the past 70 years, along with the country's growth and development, China steel industry has experienced a period of unstable development, rapid growth, reduction and optimization. The purposes of this article are to provide some historical background of the steel industry development in China. In this article, we will summarize the unstable development of China’s steel industry from 1949 to 1978. We will, then, describe stable development over the reform and opening-up period from 1978 to 1999 and rapid development in the boom period from 2000 to 2014. Finally, we will discuss how the steel industry copes with the new challenges in China’s move towards supply-side reform since 2015 and the future directions of the development of China’s steel industry. |
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Keywords: | China steel industry ironmaking steelmaking steel market challenges of steel industry innovate development modernisation of steel industry supply-sidereform |
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