The hottest focus is on the construction of super

2022-07-30
  • Detail

Focus: the merger and reorganization of Jianda iron and Steel Group is gradually warming up

focus: the merger and reorganization of Jianda iron and Steel Group is gradually warming up

China Construction Machinery Information

"the Ministry of industry and information technology recently issued the" steel industry adjustment policy (revised in 2015) (Exposure Draft) " Solicit public opinions. According to the exposure draft, the iron and steel industry will optimize the organizational structure and accelerate the pace of merger and reorganization. By 2025, the crude steel output of the top ten iron and steel enterprises (groups) will account for no less than 60% of the country, forming 3-5 super large iron and steel enterprise groups with strong competitiveness in the world

after a year of revision, the Ministry of industry and information technology recently solicited public opinions on the "steel industry adjustment policy (revised in 2015) (Draft for comments)" for the period from March 20 to April 20. For a while, the topic of merger and reorganization in the steel industry heated up again

according to the exposure draft, the iron and steel industry will optimize the organizational structure and accelerate the pace of merger and reorganization. By 2025, the crude steel output of the top ten iron and steel enterprises (groups) will account for no less than 60% of the country, forming 3-5 super large iron and steel enterprise groups with strong competitiveness in the world

xinrenzhou, deputy director of the industrial policy department of the Ministry of industry and information technology, said that this revision aims to promote the solution of new problems faced by the iron and steel industry. Compared with the 2005 version, the exposure draft sets the access conditions for new (reconstruction and expansion) iron and steel projects in the form of a negative list in terms of layout and process equipment, and in terms of energy conservation, environmental protection, water conservation, land conservation and safety, with the bottom line and great use value thinking concept, so as to strengthen the guidance and supervision of the iron and steel industry

coping with the new normal of iron and steel development

so far, the 2005 version of the iron and steel industry policy has been implemented for nearly a decade. However, with the changes in the macro environment and the development of the industry itself, the "low price, low efficiency, low consumption, low growth and high pressure" faced by China's iron and steel industry has become the new normal of the industry. The new situation and new requirements put forward new issues for the development of iron and steel industry

on the one hand, in 2014, China's crude steel output reached 820million tons, a year-on-year increase of 0.9% and a year-on-year decrease of 6.6 percentage points; The apparent consumption of domestic crude steel was 740million tons, a year-on-year decrease of 4%; The steel output was 1.13 billion tons, with a year-on-year increase of 4.5% and a year-on-year decrease of 6.9%. The rebound pressure of excess capacity is large. On the other hand, among the key large and medium-sized iron and steel enterprises, the top 20 enterprises achieved an overall profit of 28billion yuan, accounting for more than 92% of the total profits of the industry; There are 19 loss making enterprises, with a total loss of 11.6 billion yuan, and the profit level of enterprises is seriously polarized

"at present, the development of the iron and steel industry has encountered many problems, such as serious overcapacity, weak resource guarantee, energy and environmental protection constraints, insufficient independent innovation and weak comprehensive competitiveness. It is urgent to put forward solutions and schemes from the national strategy and industrial policy level." Xin Renzhou said

in order to implement the national market access standards on strengthening energy, land and water conservation, environment, technology and safety, establish and improve the long-term mechanism to prevent and resolve overcapacity, implement the requirements of the guiding opinions of the State Council on resolving the contradiction of serious overcapacity on revising and improving the steel and iron industry policies, promote the resolution of the contradiction of excess steel capacity, and promote the adjustment and upgrading of the steel industry, The Ministry of industry and information technology organized the revision of the steel industry development policy issued in 2005, forming the steel industry adjustment policy (revised in 2015) (Exposure Draft)

once the exposure draft was released, the share price of the steel sector rose collectively. On March 20, WISCO shares closed at 4.34 yuan/share and Baosteel shares closed at 6.84 yuan/share. In the morning trading on March 24, Maanshan Iron and Steel Co., Ltd. and Shandong Iron and Steel Co., Ltd. once rose by the limit, WISCO co Co., Ltd. rose by 9%, and Baosteel Co., Ltd. and Hebei Iron and Steel Co., Ltd. rose by more than 7%

the first mention of "inventory management + bottom line thinking"

the author found that the steel industry policy in the 2005 version includes nine chapters and forty articles, and the new version of the exposure draft is further expanded to ten chapters and forty-five articles, covering policy objectives, environmental protection, resource guarantee, resource and energy conservation and other important contents

Xin Renzhou said that the revision of the iron and steel industry policy focuses on promoting the adjustment and upgrading of the industry structure, aims at building a fair competition, unified and open market order, gives full play to the decisive role of the market in allocating resources and the role of the government, and guides and regulates the iron and steel industry

among them, the concept of "inventory management + bottom line thinking" is a major feature of the revision of the steel industry policy, which will guide and standardize the development of the steel industry in the next 10 years

Xin Renzhou said that, compared with the 2005 version, this exposure draft defines the market access standards for new (modified and expanded) iron and steel projects, sets the access conditions for new (modified and expanded) iron and steel projects in the form of negative list in terms of layout and process equipment, and sets the bottom line thinking concept in terms of energy conservation, environmental protection, water conservation, land conservation and safety, and strengthens the guidance and supervision of the iron and steel industry. To this end, the Ministry of industry and information technology will improve the entry and exit standards of the steel market, actively transform and upgrade those that fail to meet the entry requirements, and gradually withdraw those that still fail to meet the transformation and upgrading requirements, so as to orderly reduce excess capacity

the integration of industrialization and industrialization is also the future development direction of iron and steel enterprises. The exposure draft specifies that iron and steel enterprises should be actively guided to open up new service fields such as e-commerce, Internet finance, futures and logistics, promote technological innovation, management innovation and business model innovation, maximize user value, and jointly create and share the value of the industrial chain

in addition, the exposure draft also made it clear to further innovate the service concept of steel enterprises, actively guide steel enterprises to establish a user-centered service system, and provide customers with a package of products, technical support and services through the early intervention mode

merger and reorganization is speeding up

the 2005 iron and steel industry policy proposes to support and encourage qualified large enterprise groups to carry out cross regional joint restructuring, and to form two 30million ton and several ten million ton super large enterprise groups with international competitiveness by 2010. The draft for comment clearly encourages iron and steel enterprises to carry out substantive joint restructuring, and supports the strong combination of advantageous iron and steel enterprises. By 2025, the crude steel output of the top ten iron and steel enterprises (groups) will account for no less than 60% of the country, forming 3-5 super large iron and steel enterprise groups with strong competitiveness in the world. From several tens of millions of tons to 3~5 super large iron and steel groups, the changes of these keywords are enough to demonstrate the determination and confidence of the national decision-making level in promoting the merger and reorganization of the iron and steel industry

internationally, China accounts for half of the top 20 global steel production enterprises. Among them, the steel output of Hebei Iron and steel and Baosteel exceeds 40million tons, and the steel output of Shagang, Angang, WISCO and Shougang exceeds 30million tons. Although the scale of large-scale iron and steel enterprises continues to grow, it is an indisputable fact that the industrial concentration of China's iron and steel industry is not high. According to the 12th Five Year Plan for the development of the iron and steel industry, in 2015, the proportion of steel output of the top 10 domestic iron and steel enterprises in the national total increased from 48.6% to about 60%. But in fact, in recent years, the concentration of China's iron and steel industry has not increased but decreased. Last year, the concentration of the top ten enterprises in the steel industry dropped to 37.5%. It is conceivable that the industrial concentration has increased from 37.5% to more than 60%

however, after the release of the exposure draft, rumors about the merger of Baosteel and WISCO were once heated, forcing the two "protagonists" to come forward to clarify. Although it is unlikely that Baosteel and WISCO will merge at present, the speculation on this news is not groundless. According to the development experience of international steel industry, merger and reorganization is the most effective way to improve the industrial concentration. The development history of the world steel industry is also a "bloody history" of merger and reorganization. It can be predicted that mergers and acquisitions will also lead the development of the iron and steel industry in the next decade

with regard to the practical path of "longevity" of lithium batteries through the establishment of new materials for existing Ningbo enterprises with 3~5 super large iron and steel enterprise groups, Zhang Lin, an analyst of Lange Iron and steel, believes that the formation of super large iron and steel groups may be first realized in iron and steel enterprises in the province and region

"China may reorganize oneortwo large steel mills in the north and south respectively, and finally form a pattern of 3~5 super large steel groups." Zhang Lin said that if substantive restructuring is to be finally realized, a series of problems such as enterprise management after merger will be involved, which can not be easily solved through simple scale merger

establish a long-term mechanism to resolve excess

statistics show that in 2014, China's crude steel output reached 823million tons, accounting for 49.4% of the total global crude steel output. However, the utilization rate of domestic steel production capacity is less than 70%, and the contradiction of excess steel production capacity is still prominent. The long-term market pattern of supply exceeding demand has led to a sharp drop in steel prices and a polarization in the benefits of steel enterprises. In the past three years, the annual average sales settlement prices of key large and medium-sized iron and steel enterprises were 4468 yuan/ton, 3750 yuan/ton, 3442 yuan/ton and 3074 yuan/ton respectively

"in the future, the development of the iron and steel industry must be the reduction development, instead of the incremental development as in the past. Resolving overcapacity is the main contradiction and a difficult process." Lixinchuang, President of metallurgical industry planning and Research Institute, said that the current 80million tons of iron and steel excess capacity must be resolved, otherwise the iron and steel industry will be difficult to achieve better development. The fundamental way to resolve the contradiction of excess capacity is to establish a long-term mechanism to restore the industry to a reasonable level

the reasonable level mentioned by lixinchuang means not only the relative balance between consumption and supply, but also the reasonable level of industry profit rate, return on investment and capacity utilization. Relevant statistics show that last year, China's crude steel output reached 820million tons, accounting for 49.4% of the world, an increase of 0.9 percentage points year-on-year. However, the utilization rate of domestic crude steel production capacity is less than 70%, and the steel production capacity is still seriously surplus

according to the exposure draft, by 2017, the contradiction of serious overcapacity in iron and steel will be effectively resolved, the capacity utilization rate will reach more than 80%, and the industry profit margin and return on assets will return to a reasonable level. Therefore, the new steel industry policy defines the exit mechanism of existing steel enterprises. Strengthen the law enforcement of environmental protection and energy consumption, make more use of market laws and economic laws and policies, and force enterprises that exceed the pollutant discharge standards and energy consumption quota standards to gradually withdraw; At the same time, in accordance with the requirements of the industrial guidance catalogue, we will continue to strengthen the elimination of backward production capacity, guide the phasing out of enterprises that fail to meet the access conditions or have an unreasonable layout, and implement a long-term mechanism to resolve the contradiction of overcapacity through the coexistence and mutual promotion of various means such as laws and regulations

related links

six consecutive falls broke the market of scrap metal, gold, silver and four

spring is old, people are empty and thin, and tears are red. The market is still that market, but the price is no longer that price

looking back at the scrap market after the Spring Festival, the mainstream steel mills continued to suppress the purchase price, and only some small mills needed to resume production, so they raised the price and received the goods. One month after the Spring Festival, the purchase price of scrap steel in mainstream steel mills has also been lowered for many times. As of February 2015, the measurement of individual composite particles on the injection molding machine has increased by one layer. On February 20, 2015, the purchase price of Shagang scrap, the wind vane of scrap market price, fell six times, with a cumulative decline of 140 yuan/ton. Many mainstream steel mills in surrounding cities followed suit. This situation has broken the prediction of most businesses that they will rebound after the holiday, and has also broken the previous golden three

Copyright © 2011 JIN SHI