In the most popular three years, half of the more

2022-09-22
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Within three years, half of the more than 500 steel enterprises have been merged or formed into super large steel groups

according to the statistical data of China Steel Association, China's crude steel production capacity in 2014 was about 1.14 billion tons, while China's current number of steel enterprises is about 500, including 400 private steel enterprises. Among the more than 400 private steel enterprises, 7 have a capacity of more than 10million tons, while more than 200 have a capacity of less than 1million tons. The most difficult thing to survive in the future is these small steel enterprises with a capacity of less than 1million tons and a long service life. Within three years, more than half of the 500 steel enterprises have been merged.

experts say that they may form several super large steel groups. Some analysts pointed out that some small steel enterprises with weak comprehensive strength and difficult transformation and upgrading may be out in the next few years.

experts say that they may form several super large steel groups.

some analysts pointed out that some comprehensive strength is weak, Small steel enterprises with difficulties in transformation and upgrading may be out in the next few years. The action plan for the transformation and development of the iron and steel industry (2015, 2017) (hereinafter referred to as the "action plan") is expected to be issued before June 2015. A few days ago, luotiejun, deputy director of the raw materials department of the Ministry of industry and information technology, said

it is reported that the goal of the action plan is to reduce China's 80million tons of steel production capacity after three years of efforts to alleviate the contradiction of overcapacity; Establish two or three intelligent demonstration plants to improve the integration level of industrialization and industrialization in the industry. More importantly, promote mergers and acquisitions and control the number of steel enterprises to about 300, which means that there will be a large-scale wave of mergers and acquisitions in China's steel industry in the next few years

According to the statistical data of China Steel Association, China's crude steel production capacity in 2014 was about 1.14 billion tons, while the number of steel enterprises in China is about 500, including 400 private steel enterprises. Among the more than 400 private steel enterprises, 7 have a capacity of more than 10million tons, while more than 200 have a capacity of less than 1million tons. The most difficult thing to survive in the future is these small steel enterprises with a capacity of less than 1million tons. In this regard, some industry analysts pointed out that these small steel enterprises are weak in comprehensive strength, difficult to transform or upgrade, and difficult to pass the compliance review. In addition, due to the small scale of assets and insufficient financial strength, these steel enterprises will be out of the picture in the next few years

although there has been no specific news about the merger and reorganization of China's steel enterprises so far, there have been rumors in the market that WISCO and Baosteel may merge. It is understood that WISCO's advantageous product lies in silicon steel. The company was the first to establish a silicon steel production line in China. At present, its silicon steel product market share is high, and it once saved WISCO in the period of the steel industry downturn and WISCO's poor performance. At that time, its silicon steel business accounted for more than 40% of the company's total revenue, and Baosteel also had some silicon steel production capacity. It is speculated that after the merger of the two steel giants, their silicon steel business will occupy a large market share, and can also eliminate competition in other overlapping plate businesses, which is conducive to price increases

for the news of the merger of the two companies at that time, some analysts said that the rumor was not based on much, because the silicon steel business of Baosteel and WISCO overlapped, but it was unlikely to form the basis for the merger of the two companies. Large steel enterprises generally produce plates, and the merger has little impact on business complementarity

sure enough, in response to the merger rumors, Baosteel and WISCO issued a Clarification Announcement on the evening of March 23. Baosteel's announcement shows that the company has checked the alleged merger. The verification results show that neither the controlling shareholder of Baosteel nor the company has received written or oral information from any government department about the above merger rumors, and neither has expressed such intention to any department. At the same time, WISCO issued a clarification announcement that was almost in line with Baosteel

on March 20 this year, The Ministry of industry and information technology also solicited public opinions on the "steel industry adjustment policy (revised in 2015) (Draft for comments)" (hereinafter referred to as "steel industry adjustment policy"), and proposed that by 2017, the scale of steel production capacity will be basically reasonable, the capacity utilization rate will reach more than 80%, and the industry profit rate and return on assets will rise to a reasonable level.

in the "steel industry adjustment policy" In, the idea of three and five super large steel enterprise groups has been clearly put forward. Therefore, some analysts speculate that the merger and acquisition of China's steel industry may be to form one or two large steel plants in the north and south, and finally achieve the goal of three and five. However, the analyst also said: if you want to achieve substantive restructuring, involving many problems such as management, it is not easy to solve by simple merger. For example, the former Hebei Iron and Steel Group and Shandong Iron and Steel Group, After the merger, researchers developed other aliphatic 2 isocyanates [for example, there are still many problems.

16 steel enterprises issued annual reports

two of the steel enterprises lost money

compared with possible mergers and acquisitions in the future, the problem that steel enterprises need to face more is the continuous decline of steel prices.

it is reported that the annual average sales and settlement prices of steel products of member steel enterprises of China Steel Association from 2011 to 2014 were 4468 yuan/ton, 3750 yuan/ton, 3442 yuan/ton and 3074 yuan/ton, respectively, showing a downward trend.

no It is worth noting that according to the statistics of Dongfang fortune choice, which has mastered the "complexity of controlling nanoscale materials", at present, 16 of China's 33 listed companies in the steel industry have issued their 2014 annual reports, of which only two companies have suffered losses, and the remaining 14 have achieved profits

from the perspective of listed companies that have issued annual reports, Baosteel ranks first in terms of net profit. Last year, Baosteel achieved an operating revenue of 187.414 billion yuan, a net profit attributable to shareholders of listed companies of 5.792 billion yuan, and sales of 21.817 million tons of commodity billets, down 1.2%, 0.45% and 0.8% year-on-year respectively. However, the company's cash flow and asset liability ratio have both improved

in addition, Chongqing Iron and steel and Jiuquan Iron and steel Hongxing, the major loss makers in the iron and steel industry in 2013, have also released their 2014 annual reports. According to the annual report, Chongqing Iron and steel achieved a net profit of 51.431 million yuan last year, an increase from a loss of 2.499 billion yuan in 2013. It provided an opportunity to show, an increase of 102.06%; In terms of Jiuquan Iron and steel Hongxing, the company achieved a net profit of 39.1337 million yuan last year, a substantial increase from a loss of 2.338 billion yuan in 2013

Chongqing Iron and Steel said that this was mainly because the company took a number of measures, such as reducing consumption and cost, adjusting product structure, selling non core assets and so on, and the company worked hard to obtain other income such as relocation incentives, so as to achieve the goal of turning around losses in 2014. Jiuquan Iron and steel Hongxing also said that by improving its operating capacity, reducing controllable costs, increasing economic ingredients, refining cost management, optimizing product structure and market layout, we can achieve turnaround

among the steel enterprises that have issued annual reports, Linggang and Bayi Steel have both suffered losses. Ling steel lost 713 million yuan and Bayi Steel lost 2.035 billion yuan. (Yang Meng)

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