Study on Sustainable Development of Iron and Steel Industry - Taking HBIS Group as an Example

Abstract

Iron and steel industry is the basic industry of the national economy, playing an important role in China's economic development. However, with the rapid development of iron and steel industry, the problems increasingly exposed. Taking HBIS as an example, firstly on the basis of existing theory, gathering 2008-2015 HBIS product data as the basic data, this thesis has some study results showing that in recent years, the iron and steel industry developed rapidly, but there are also problems, such as irrational product structure, frequent trade friction, lacking of iron ore pricing power, severe overcapacity and serious haze. Finally, this paper proposes innovative suggestions for HBIS aimed at the problems, such as the continuous technological innovation, regional merger and acquisitions. These initiatives may promote the development of China's steel industry.