A comparative study of the development mode of China's iron and steel industry

The development of China's iron and steel industry (ISI) is an important indication of China's industrialization. This paper analyses the industry from the perspectives of historical retrospect, international comparison and sustainable development. We find that China's ISI has made huge progress at the technical level. During the same period of time its over-consumption of resources and impact on the environment has dropped. However, compared with other main developed steel producers, there is still a big gap. Besides, its openness is still much lower than those of other countries.