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Compared to their big-name counterparts, smaller enterprises have limited financing channels, and their financial problems will be grimmer, according to Xie. He added their tightened capital flows will accelerate industry-wide integration in the form of a potential shakeout, or possible mergers, acquisitions and takeovers.
Competitors take part in a skills competition at CRRC Changchun Railway Vehicles Co, Ltd.[Photo by Han Junhong/chinadaily.com.cn]
Companies have yet to make major breakthrough in domestic sales
Compared with using iron ore, steel-making with recycled iron and steel materials can greatly reduce pollutant emissions, according to the standard's drafting committee.
Compared to developed countries, relatively low industrial concentration forced Chinese companies to enhance technological innovation speed, Zhang said. Statistics of production capacity in steel industry indicate that the industrial concentration of top 4 large enterprises in the United States and Japan is above 70 percent; while the industrial concentration of top 10 Chinese enterprises is less than 40 percent.
来源：资阳报