Chinese steel plate manufacturers could reduce the price of the steel plate in which they manufacture it to around a tenth of that of conventional steel, according to a new report from researchers at the University of Pittsburgh.
The findings are part of a growing movement by the Chinese government to reduce the cost of its steel production, which has been hit by a drop in world steel prices and a wave of protests by farmers and workers.
A major steel industry lobby group said last year that it had no plans to challenge the government’s plans to sell off some of the world’s largest steel mills.
The U.S. Department of Agriculture, which tracks steel production in the U..
S., says the U and China had agreed to cut the price per metric ton of steel by about 20 percent by 2021, or by about $200 per ton.
A previous study by the National Academy of Sciences said China’s government would have to cut steel production by about 70 percent to reach the target by 2020.
But the study said the cost reduction could be more modest, perhaps about half a percent, and that the Chinese steel producers could also make steel plate more affordable.
The researchers analyzed steel plates manufactured by China’s Zhejiang Steel Corporation and another by the Guangzhou Heavy Industry Group.
The cost reductions could be driven by more efficient manufacturing and a change in the way steel plates are welded together, the researchers said.
The study is based on two previous studies that looked at the economics of steel production.
The first was published in 2009 and showed that steel plate prices fell by about 40 percent in the second half of last year.
The second, which looked at steel plate production in a more recent study, showed that prices fell an average of about 20 cents per ton in the first half of this year, compared with about 20 to 30 cents per kilogram in the previous study.
The results of the new study, which is being presented at the annual meeting of the American Association for the Advancement of Science, were published online Thursday in the Journal of Economic Perspectives.
“There’s a lot of hype out there about steel prices, and it’s just a false story,” said David Bailor, a professor of economics at the Massachusetts Institute of Technology who was not involved in the study.
“The Chinese are doing a great job in reducing steel production costs, and we’re seeing the same thing happen in other areas of the economy.”
The researchers looked at two sets of steel plate costs.
The most commonly used types of steel plates include “copper-nickel” and “nickel-plated” steel plates.
Copper-nickels and nickel-plating steel plates have a lower cost than copper-niche or nickel-nicethe metal plates.
Steel plates made of these types of metal are called “conventional steel” and have a price tag of about $3 per ton, or $300 per ton for conventional steel.
But a study by researchers at Columbia University found that steel plates made from nickel-and-steel plates could cost about $1,000 per ton less than conventional steel plates, a 20 percent price drop, according the New York Times.
The new study examined steel plates that were manufactured in Zhejian Steel Corporation’s facilities in the province of Henan in western China.
The Zhejjian Steel Corp. operates a factory in Shanghai and a factory outside the capital of Beijing.
In 2009, the company bought a joint venture of Zheji Steel Corp., the steelmaker behind the popular steel plates in its U.K. operations, and China Steel.
The Chinese government had already been making a push to reduce steel production and to make the costs of its domestic industry cheaper by reducing steel tariffs.
China has slashed tariffs on steel imports by more than 90 percent in recent years, said Li Fang, the director of the Uppsala-based Centre for Economic Research and Development.
But he noted that steel tariffs were also being reduced for imported products, such as steel pipes and steel-framed buildings.
“They are making steel plates more cost-competitive and also more flexible,” Mr. Li said.
A recent study by research firm PricewaterhouseCoopers showed that China had cut the cost per ton of nickel- and steel plate by about 8 percent in 2015.
The institute said the price reduction would likely continue.
In the U, a major steel lobbying group, the UAW, is urging the Trump administration to sell the steel mills it has acquired and shut them down.
“President Trump and his administration should immediately and forcefully pursue the sale of the Zhejing Steel Corporation steel-plate factory to make way for a steel-producing and manufacturing investment that would create American jobs and create American steel,” said the union’s chief executive officer, Dennis Williams.
China’s trade war with the U is not just a trade dispute.
It is also a race against time for the U as the world economy struggles with the global financial crisis and the economic slowdown