According to the report released by Xu Lejiang, the incumbent president of Baosteel, almost 95% of the global multinational investment programs in steel industry belong to joint venture and this trend may continue in future. He pointed out that the main reason for steelmakers' rising shareholdings in the resource industry is its high rate of return
As for market prospect in China, he said that China will be a giant country in the international steel-related investments, meanwhile the foreign investment funds will also involve in China's steel industrial restructuring programs.
In addition, he also estimated that the current high-remained iron price will fall back considering of the hiking inputs and outputs in steel industry. And the global steel production will rise by five to six percent this year.