ABSTRACT
In any case, a strong investment push in China's iron and steel industry simultaneously to produce as much basic equipment as possible and to import what is absolutely needed is a likely development. The Chinese are having trouble meeting near-future goals. Fortunately, China has the resources, manpower capability, and infrastructure eventually to attain these objectives. The matter of utilizing available low-grade resources can be resolved with improved technology in much the same way that the US primary-iron raw material industry has been rejuvenated through investing in beneficiation and pelletizing. China's small and medium iron and steel enterprises also made gains. China's small and medium iron and steel enterprises also made gains. China's 1974 plan for raising capacity in iron-ore sintering, iron smelting, and steel ingot blooming were completed in November. China's iron ore resources have been variously estimated at from 8 to 100 billion tons.
