The market is dominated by domestic suppliers, as imports account for 3.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.9% of total demand in 2023. China has the largest market size for basic iron and steel regionally, with demand reaching USD1.3 trillion in 2023. HBIS Group Co Ltd is the largest company in China, generating 8.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 20.5% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 24.0% of production value in 2023, the ninth highest regionally. The industry’s exports share decreases in 2023 to 5.5% of total production output. With production value of USD1.1 trillion, China accounts for 60.0% of the Asia Pacific total in 2023.
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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
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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