Research on Overcapacity Risk of Chinese Steel Industry—Taking ANSTEEL for Example
In the parallel process of Chinas rapid economic growth and investment expansion, overcapacity has been the major problem that plagued the smooth development of steel industry. If this excess capacity can not be effectively controlled, it will lead to a series of negative effects, such as a large number of idle production equipment, excess inventory, declining prices and poor efficiency of the industry. This has caused great concern in the steel industry, and therefore research on the risk of overcapacity must contribute to the development of this industry. The case study method is mainly used in the paper, while supported by the data comparison, and financial indicators. The paper consists of four core parts. First of all, the overcapacity risk theory is described; then briefly describes the basis to choose Angang steel company company limited (ANSTEEL) as a case, and analyzes profitability and debt-paying ability of the company; according to these, points out the main reasons of the overcapacity risk from the perspective of cost and skill innovation; at last, this paper provides some suggestions and solutions on avoiding the risk of overcapacity from the aspects of independent innovation and cost management in order to give enlightenment on cultivating the competitive advantage of Chinas steel industry to cope with the complex economic competition.
Chinese steel industry ANSTEEL Overcapacity risk Independent innovation Cost management
HE Yan-fang
School of Accounting, Jiangxi University of Finance and Economics, Nanchang, P.R. China, 330013
国际会议
2012 International Conference on Public Administration(8th)(2012年公共管理国际会议 ICPA)
印度海德拉巴
英文
644-649
2012-10-25（万方平台首次上网日期，不代表论文的发表时间）