The research on developing patterns of Chinese iron & steel industry based on circular economic theory

With respect to traditional linear economy, Circular Economy, which is characterized by circular use of substantial resources, is the essential choice and important guarantee to apply the strategy of sustainable development. The paper expounds the properties of Circular Economy, discusses the essentiality of developing Circular Economy for Chinese Iron & Steel industries, and then points out the move and relocation of Shougang Group is an application of developing Circular Economy. Finally the paper studies the developing patterns of Circular Economy related to our Iron & Steel industries. Generally speaking, in the foreseeing future, Iron & Steel Industries will throw away the title of 'big pollution producers' with confidence and become one member of Eco-Industry and Circular Economy. Chinese iron & steel enterprises should make active effort to explore 'green' road of Circular Economy, and present to the future brand new images, not only as strong steel producers but also with advantages of efficient energy transferring, waste recycling, cleaning and environmental friendly.