OREANDA-NEWS. February 28, 2012. Masteel chairman expected China’s steel output to continue to grow this year despite likely at a slower growth rate.

Aware of the persistence of sluggish downstream demand, the steel mill alerted the disparity between supply and demand would remain outstanding throughout 2012.

Masteel currently holds nearly 80 percent of the domestic market share for conventional passenger train wheels. The mill said it had developed new steel wheels applicable to 250 km/h trains and their market prices are twice those of ordinary ones. Besides its efforts to make technological breakthrough, Masteel has managed to diversify into other businesses such as logistics, trade, processing and distribution.