“Steel” Economical Union (Düsseldorf, Germany):

Theuringer M., Head of Economical dept., e-mail: martin.theuringer@wv-stahl.de

The Chinese iron and steel industry meets crisis features. From one side, cutting of demand for steel products is observed, from other side, analytics don’t see any signs of consolidation in metallurgy. The prospects seem rather cautious even in the mid-term prospect. Steel demand obviously exceeds the level of requirements, and the risk of “secondary balancing of economics” can cause the problems in the domestic steel market. It will have negative effect on the other regional markets, due to large part of Chinese export of steel products. In these conditions European Union should optimize its trading and political tools to be ready to meet possible fluctuations in the China iron and steel industry. It will be preliminary to recognize China as a country with market economy.

1. Heilmann, S.: China unter Abwartsdruck — Szenarien der wirtschaftlichen Entwicklung — Ruckwirkungen auf das China-Engagement, MERICS China Policy Brief, Berlin, 2015.