Nationalization or Privatization? ---- Present and Future of China's Steel Industry

Abstract

With the continually deepening of the China's industrialization process, as the fundamental industry, the steel industry has become more and more important, but its international competition power is not strong enough, which is the reason of the release of "Chinese Steel Industry Policy". By analyzing the status quo of Chinese steel industry, this paper chiefly analyzes the crucial problems, which exists in the process of Chinese steel industry developing, and explains the path dependence phenomena thereof; then by comparing the advantages between SOEs and the private steel mills, the privatization potential of Chinese steel sector is studied further