China's Steel Production This Year Is Expected To Rise, Not Fall

With the first half of the overall global economy and the gradual development of related industries to pick up, the initial flash of the steel industry also signs of recovery.

4 days, the world's largest steelmaker, Arcelor Mittal, vice president of global Roland? Weiss received this in an interview with the China Securities Journal on whether the global steel industry has made a real recovery and other issues answered.

Optimistic about China's rising demand

China Securities Journal: Arcelor Mittal plant in Romania last month's resumption of production, whether this is the industry recovery signal? Your current global and Chinese steel market to see how the situation?

Weiss this: We need to see the Government's economic stimulus package in the areas of infrastructure, a positive effect, but this takes time.

The global steel industry is experiencing a real decline in demand is expected to end 10% -15% fall. We hope to see recovery, but the market is probably 2011 or 2012 to recover to 2007 levels.

Not the same, but the Chinese market. Beginning of the year we expect China's steel production is down, but the latest forecast will increase. There is no doubt that the Chinese government's economic stimulus package is the role of bank credit flows to related industries, construction, automotive and other "big steel" there growth, China's economy is recovering.

China Securities Journal: Can you predict what specific increase in the number of China's steel production this year? China's steel industry currently exists the problem of excess production capacity, production increase will not make the problem more serious?

Weiss this: The Chinese government's stimulus program implemented smoothly so far, has yielded good results, our Cooperation Partners Hunan Valin and China Eastern are currently a number of new orders.

Excess capacity is not only the iron and steel industry, the problem also exists in the automotive industry, so industry consolidation is very important. China's steel industry more scattered, the key is to speed up the integration, improve the industry concentration, in order to fundamentally solve the problem.

Or more co-operation with Chinese companies

China Securities Journal: Arcelor Mittal recently have investment plans in China?

Weiss this: As the world's largest steel company, we have a lot of acquisitions. But in the current crisis environment, the industry slowed down, how to make good use of cash in the hands is very important to us. So much for the cash needs of the project we will be very careful. This year, the largest M & A opportunities for less, now we need to consider how to strengthen their position.

We have two partners in China: Hunan Valin and China Eastern. Valin now we are working with two new cooperative projects for the negotiations, mainly in automotive steel and electrical steel, other aspects of the opportunity we will consider. ArcelorMittal has established upstream and downstream from the production of vertical strategy, in which it Iron ore Resources to ensure cost control will eventually control it is very important, if we have more in-depth cooperation with China, then, no doubt related to iron ore.

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