Study On Market Structures For Iron And Steel Industry Of China

Iron and steel industry has obvious scale of economy. Oligarch monopoly is the mature sign for this industry and industrial concentration is its embodiment on organization structure. Based on the experience of other developed countries, iron and steel industry is bound to be relatively concentrated when it moves toward a mature stage.In recent years, China's steel output has remained at a high level and the concentration of iron and steel industry has continued to improve. This phenomenon indicates that our iron and steel industry is moving into maturity. But because of the problems in this industry, industry market restructuring still has long way to go. With the entry to WTO, Chinese iron and steel industry would face intensive competition and threats. Therefore, how to improve the international competition ability quickly has become an urgent task.Based on the qualitative analysis of the steel industry status and the determinants of market structure, this paper emphasizes the industrial concentration rate of Chinese iron and steel industry. To achieve that point, the author utilizes the methods of yearbook statistic, correlation analysis and regression analysis. This paper analyzes the situation of concentration rate in chinese iron and steel industry, defines the criteria that will affect its concentration and finds the main factors by mathematic regression model. Then, from the regression results, the author suggests the possible ways to improve the structure of chinese iron and steel industry.