OREANDA-NEWS. January 13, 2012. Baosteel chairman Xu Lejiang forecast great changes may take place in the domain of the domestic steel industry within the five years since there is an overwhelming trend for the industry to undertake mergers and reorganization as required by the national twelfth five-year plan.

China has become the worldбпs largest producer of steel, cement, automobile and glass.

Although the number of domestic steelmakers whose output tops one million tons accounts for half of the worldwide total, none of them has ever seized the market share of 10 percent or beyond at home.