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Existing iron and steel enterprises still not big enough? - Steel prices, steel re - steel industry by wqecv thbtn





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Existing iron and steel enterprises still not big enough? - Steel prices, steel re - steel industry by
Article Posted: 04/21/2011
Article Views: 92
Articles Written: 1385
Word Count: 769
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Existing iron and steel enterprises still not big enough? - Steel prices, steel re - steel industry


 
Business,Business News,Business Opportunities
Years since the reform of state enterprises, large state-owned enterprises in the development of impressive achievements, the adjustment of industrial structure for China to develop the potential of creating such an outstanding contribution made.

However, the "iron and steel enterprises are now faced with the problem but also not to develop." Former president of China Iron and Steel Industry Association, the consultant Wu Xichun in the April 30 forum in a large industry, "loud call" was serious about this problems.

Wu Xichun special reference to the 2005 acquisition of Mittal Group, Hunan Valin pipeline incident. "Steel Industry 'crying wolf' trend comes to some more fierce." In 2006, the world's steel output ranked the first in the Mittal Group and the second largest merger of Arcelor Group, to form a spanning five continents, producing steel size of 120 million tons, accounting for 10% of the global steel market, "Big Mac." China's steel industry in 2006, the rapid development of annual steel production to 419 million tons. Domestic steel industry, Baosteel Group ranked first in just over 30 million tons of steel production.

"The world's steel giants in China 'eyeing'." China M & A Association director Li Su told reporters, , Tata and Posco, JFE, Japan and so on mergers and acquisitions China's steel industry with immense interest.

Contrast, it is the domestic steel industry consolidation and reorganization of the "faltering." Since 2005, in addition to Tangshan Iron and Steel And publicity for the new TANG steel re-steel, E-Steel and Wuhan Steel merger Liu Gang , Chengdu, Panzhihua Iron and Steel restructuring and Changcheng Special Steel Seamless, domestic mergers and acquisitions without significant results.

"Some enterprises to achieve a joint re-name, in fact, while the sub-together, individual accounts are still separate, independent business, independent planning and development, and did not really play the role of business integration"; "the largest annual output 30 million tons, and China, the annual output of 400 million tons of steel-producing countries can not meet ";" the majority of our smaller steel companies, such as do not grasp the favorable opportunity for consolidation and reorganization, will face foreign takeover by the passive situation. "March 26 Japan, in Jinan Steel, Laiwu Steel Group Co., Ltd. Shandong integrated form of the opening ceremony, the China Iron and Steel Industry Association executive vice president Luo Bingsheng once again face the 1000 guests, "to speak out."

"Technology and industrial structure is the key to competition and mergers and acquisitions." Roland? Berger, partner and vice president of Greater China, Lin Zhaoxian that the technological transformation of the enterprise level, and national steel strategy for industrial restructuring is the current level China's steel industry mega-mergers, the fundamental driving force major restructuring. Therefore, China's "Steel Industry Development Policy" at the outset that "future development will focus on technical upgrading and structural adjustment."

"Current technology to upgrade the urgent need to complete the energy saving, development of circular economy, the national standard." According to a private steel company Hebei introduced mid-level cadres, since 2006, the great development of the steel industry has given a private steel company good price. According to data of Hebei Metallurgy Association, 2007, Hebei private enterprises over total 70 million tons, accounting for 67.12% of the total in Hebei Province; private steel companies to complete main income, profits, respectively accounting for more than 70%.

However, the middle-level cadres told reporters, corporate commitment to energy saving targets are very important tasks, each of the past two years can not be indicators of quality and quantity to complete the task. "Waste water, gas, desulfurization of these environmental indicators are difficult to accomplish."

6 11, in Hebei Iron and Steel Group established a news conference, officials said the relevant government departments in Hebei Province, Hebei Province to support the "big steel enterprise strategy", Hebei Province, will amend the current "structure of the steel industry in Hebei Province adjust the implementation plan, "a large steel enterprises to develop unique and effort to create the iron and steel industrial base along the coast. The official said, "have been issued," which called the mineral resources of large fully equipped priority allocation to Hebei Iron and Steel Group.

Steel industry, industrial restructuring aimed at industrial concentration.

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