Chinese steel industry experienced the toughest year 2012 when steel demand was in lackluster, steel and steelmaking raw materials prices plummeted sharply, steel enterprises overwhelmingly fell into loss, steel trading companies suffered from the banks’ credit restrains etc. How to survive and how to transform became the focus of 2012 Chinese steel market.

International economic situation will be complex and full of wide cards in 2013. Chinese central government will insist on stable development, and achieve the growth via transforming the economic growth mode and restructuring. Steel industry, including steelmakers, distributors and end users, will pay attention on grasping the policy direction of government and realizing the restructuring of steel industry.