Consolidation would be ‘silver lining’ for China’s steel industry, Delong says

The Chinese steel market will “continue to be fraught with difficulties” in the short and medium terms while consolidation would be a “silver lining” for the sector, Delong Holdings has said.

“The current oversupply and environmental issues are expected to bring about further consolidation within the industry, which we believe will pave the way toward the establishment of a healthier, more efficient and sustainable steelmaking industry in the long run,” the Singapore-listed steelmaker said in its 2014 annual report, released late on Tuesday April 14.

Delong is listed on...


Juan Weik

April 15, 2015

13:10 GMT