The market is dominated by domestic suppliers, as imports account for 2.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 100% of total demand in 2020. China has the largest market size for basic iron and steel in the region, with demand reaching USD1.1 trillion in 2020. Baosteel Group Corp is the largest company in China, generating 2.9% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 7.5% of total production value in 2020. The total number of companies decreases in 2020, to 92,593 units. The costs of the industry increase by 0.2% in 2020, largely driven by rising labour costs. The industry’s profitability increases and stands at 25.6% of production value in 2020, the fourth highest in the region. With production value of USD972 billion, China accounts for 62.4% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in China: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in China: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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