The China Metallurgical Planning and Research Institute (“MPI”) held a conference dedicated to forecasting steel demand in China and the world in 2022, as well as ratings of the competitiveness and development quality of Chinese steel enterprises in 2021. Steel production in China in 2021 and 2022 will amount to 1.040 billion tons and 1.017 billion tons, respectively, down 2.3% and 2.2% compared to the same period last year.
The PMI's China Steel Competitiveness and Development Ratings showed that 122 steel plants were assessed this time, with their combined crude steel production accounting for approximately 90.2% of the country's total production. </p >
Eighteen steel companies received an A + rating based on the assessment, including China Baowu Iron & Steel Group Co Ltd, CITIC Pacific Special Steel Group Co Ltd, Shougang Group Co Ltd, Jiangsu Shagang Group. 38 steel companies, including Hebei Jinxi Iron and Steel Group and Fujian Sansteel (Group) Co. Ltd. were assigned an 'A' rating. 36 steel companies including Tangshan Donghai Iron and Steel Group Co. and Hebei Taixing Iron and Steel Group Co., both rated B +.
According to MPI, 92 steel companies are rated A +, A or B +, accounting for 75.4% of the total number of assessed steel companies, and the combined production of crude steel is 86.3% of the total production in the country.
