On The Development Of The Iron And Steel Industry And The Policy Options In China

After reform and opening up, iron and steel industry has been driven by the rapid development of scientific and technological innovation, the steel production grows fast, China has become a veritable big steel country. Although China's iron and steel industry in recent years has been developed in high-speed, there are many problems to be solved. Analysis of the situation in the development of iron and steel industry, the phase of industry growth cycle in which the iron and steel industry is , current situation and problems in the development, all of these is important for us to work out the correct strategy for the development of industry in the new international economic situation.This article firstly describes the life cycle of the industry and the theoretical basis for industrial policy, analyses the early warning indicators of change of stage in the industry life cycle, and raises the relevant policy measures in both macro and micro aspects. Then introduces the development of steel industry of the developed countries. And analyzes questions existing: Excessive production, the price of the iron ore stone rises, the structure of export products unreasonable, the trade friction between countries intensified, the pace of mergers and acquisitions of multinational companies accelerated. Followed by empirical research of China's iron and steel industry, through the analysis of the development of China's iron and steel industry, we can determine in which stage of the life cycle of China's steel industry is and the time that steel demand reach peak. Also this article raises some pieces of advice to enlarge the export of high-grade iron products: developing circulatory economy, increasing China's iron and steel industry's comprehensive competitiveness , improving the degree of centralization and establish the early warning mechanism of anti-dumping.