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Over the past 10 years,China’s steel industry has made a substantial development in terms of scale,and has finally become a steel giant in the world.In the upcoming 10 years,fundamental changes will be made with the economic growth in China.Against this background,China’s steel industry will shift from a rapid development to a slow but sound development.In order to fulfill the second leap of China’s steel industry,based on its current developing status and characteristics,and from the perspective of both national and corporate development,mergers and acquisition are both effective ways to raise the quality of the existing stock of asset in the steel industry,while technological innovation is the solid foundation for its second leap.
Over the past 10 years, China’s steel industry has made a substantial development in terms of scale, and has finally became a steel giant in the world. The upcoming 10 years, fundamental changes will be made with the economic growth in China .Against this background, China’s steel industry will shift from a rapid development to a slow but sound development.In order to fulfill the second leap of China’s steel industry, based on its current developing status and characteristics, and from the perspective of both national and corporate development, mergers and acquisition are both effective ways to raise the quality of the existing stock of asset in the steel industry, while technological innovation is the solid foundation for its second leap.