A Look Inside China's Steel Industry

CHANGZHOU, CHINA - MAY 12: A worker tests the quality of molten iron at a furnace in the production area of the Zhong Tian (Zenith) Steel Group Corporation on May 12, 2016 in Changzhou, Jiangsu. Zhong Tian (Zenith) Steel Group Corporation is a privately-owned manufacturer that employs over 13,000 workers at its facility in China's eastern Jiangsu province. Since 2001,the company says it has adopted new technology to streamline the production of premium quality steel and to reduce environmental impact. The majority of its steel output is for the Chinese market with 20% earmarked for export, mostly to Asia. The company says it is profitable, but admits business has dropped marginally from past years. China is the world's largest steel producer, accounting for over 50% of global supply. China's government has vowed to cut production capacity at state-owned enterprises by up to 150 million tonnes over five years to ease concerns of an oversupply on global markets. However, its efforts appear to be overshadowed by a recent increase in steel prices that has revived production at some Chinese facilities that had been closed down. (Photo by Kevin Frayer/Getty Images)
CHANGZHOU, CHINA - MAY 12: A worker tests the quality of molten iron at a furnace in the production area of the Zhong Tian (Zenith) Steel Group Corporation on May 12, 2016 in Changzhou, Jiangsu. Zhong Tian (Zenith) Steel Group Corporation is a privately-owned manufacturer that employs over 13,000 workers at its facility in China's eastern Jiangsu province. Since 2001,the company says it has adopted new technology to streamline the production of premium quality steel and to reduce environmental impact. The majority of its steel output is for the Chinese market with 20% earmarked for export, mostly to Asia. The company says it is profitable, but admits business has dropped marginally from past years. China is the world's largest steel producer, accounting for over 50% of global supply. China's government has vowed to cut production capacity at state-owned enterprises by up to 150 million tonnes over five years to ease concerns of an oversupply on global markets. However, its efforts appear to be overshadowed by a recent increase in steel prices that has revived production at some Chinese facilities that had been closed down. (Photo by Kevin Frayer/Getty Images)
A Look Inside China's Steel Industry
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Kevin Frayer / Freier Fotograf
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531836442
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Getty Images News
Erstellt am:
12. Mai 2016
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Getty Images AsiaPac
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90661670
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4434 x 2911 px (37,54 x 24,65 cm) - 300 dpi - 4 MB