钢铁行业研究报告分析(pdf 9页)（英文版）

钢铁行业研究报告分析内容提要：
Japanese Kobe Steel to form Automotive Steel Venture in China
Kobe Steel Ltd plans to establish a joint venture to process specialty steel wire rod in China. Kobe Steel will manufacture
cold drawn steel bar and cold heading quality steel wire. The processed bar and wire will be supplied to Japanese auto parts
manufacturers in China for use in making suspension springs and high strength nuts and bolts, which are both critical
automotive parts.
Steel output in JiuSteel reaches 3.7 million tons
In 2004, the output of iron, steel and steel products in JiuSteel is 3.48 million tons, 3.7 million tons and 3.68 million tons
respectively, up 27 per cent, 30 per cent and 46 per cent compared with the same period of last year. The sales revenue is
up 60 per cent.
Wuhansteel & Echengsteel plan to consolidate
The consolidation of Wuhan Iron and Steel Group and Echeng Iron and Steel Group has stepped into a concrete stage.
Wuhansteel is a state-owned company with annual capacity of 10 million tons for iron and steel while the Echengsteel is an
independent local government-owned company with annual capacity of 3 million tons. As of the end of May 2004,
Echengsteel had a net asset of 2.658 billion yuan. State-owned Assets Supervision and Administration Commission of the
State Council has already approved the consolidation.
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