"Tangshan steel plant has no dust emissions in the region now, past the black smoke, yellow fume can not see, near the residential environment has improved a lot. "Just back from the Tangshan iron and steel company limited research analyst told reporters.
As steel production in province of Hebei province in China, and in recent years has been the increased pace of eliminating backward production capacity. According to statistics, 2009, Tangshan steel, Handan, Hebei iron and steel and Chengde 3 companies consolidated, a total of 354 compression construction project, the squeeze on to invest $ 21.4 billion.
"At present, the Group production capacity is more than 40 million tons, 10% left and right belonging to the State's industrial policy out of the range, can be eliminated in advance before the end is complete. "Hebei iron and steel Group Co Ltd Chairman and President Wang Yifang said. The Group vetoed Xuan steel to invest $ 2 billion, with an annual output of 2 million tons of hot-rolled coil project. Instead, concentrated investment focused on building a total investment of $ 19.3 billion for a large number of industrial upgrading, restructuring projects.
1-the three major measures to accelerate domestic merger and reorganization
"The number of domestic steel mills fragmentation of backward production capacity account for a considerable proportion. Emissions from iron and steel industry is the high energy consumption, high industries, due to the backward production capacity, resource utilization, and lower than in developed countries. "My net information Director Xu xiangchun believes that resolve these contradictions is the main way of merger and reorganization.
Statistics show that enterprises together 11 of 2009 with an annual output of more than 10 million tons, a 2 per cent increase over the previous year; more than 5 million tons of steel production 28 enterprises, representing an increase of 6. Top of Hebei steel, baogang, Wugang, saddle and Sha steel group's total crude steel production of 165 million tons, 29.1% per cent of national output over the same period. But it is far lower than average concentration of iron and steel industry in the world.
Since 2008 the international financial crisis, some countries impose trade protection, making its manufacturing industry in China, and iron and steel industry is undoubtedly the hardest hit. Steel exports slumped badly, national inventories of steel products increased, steel overcapacity.
Last year issued in the iron and steel industry restructuring and revitalization plan, which clearly states that require future "ranked among the top five in iron and steel enterprises in China's production capacity to more than 45% per cent of national".
According to the December 9 last year, the existing production of iron and steel enterprises of the Ministry of public management of the access conditions and management (draft for soliciting opinions), set 6 road barriers for iron and steel enterprises. "This is my first time to access system for iron and steel production industry, eliminating backward production capacity, and operational requirements. "Xu xiangchun pointed out that only" common steel enterprise 2008 crude steel production more than 1 million tons and "this article, near two-thirds, about more than 300 companies in China steel mills have not been met.
Southwest securities steel analyst Liu 喆 believes that future restructuring of the steel industry will be concentrated in three ways:
Is a national key project continues to recommend, to Zhanjiang project to guide the restructuring of steel at Baosteel;
II is an extension of the top domestic large-scale iron and steel enterprises in the restructuring project of right, speed up the progress of project approval and provide policy support, such as Baosteel Group Shanghai Branch to provide $ 800 million three-year merger and acquisition loans for acquisition of Baosteel Group Ningbo iron and steel;
Third, for violation of item, if in other respects meet the standard can be implemented by other large-scale iron and steel enterprises merger after post approval procedures, namely violations project if the environmental protection requirements, access to equipment, in line with standard, by the merger of large iron and steel group, and are not limited by the project is legitimate.
2-step "going out" equity participation in overseas mines
"In recent years, large swings in the prices of raw materials, but in the long run, are rendered obvious upward trend. "Liu 喆 thinks. "As the middle reaches of the upper reaches of the steel manufacturers had to bear the price increases of raw materials requirements by extending upwards to a vertical extension of the mining part of the raw materials, you can implement effective control of production costs. ”
As the world's largest importer of iron ore in China, accounting for more than half of the volume of world trade. But in the negotiation of iron ore is often in a passive, having to put up with Rio Tinto and BHP Billiton, Vale of three international iron ore giant "ask an exorbitant price."
Since the second half of 2009, with the gradual recovery of the world steel industry, rapid increase in iron ore prices. Up to now, 2010 India 63.5% powder ore spot price rose to $/ton. Today, the new round of iron ore negotiations are under way, but the will of the huge gap between the two sides is still obvious, and the iron ore Giants attitude is extremely tough. According to Vale and Japan Nippon Steel fiscal year 2010 second quarter 2009 iron ore price agreement of price 90%, Rio Tinto and BHP Billiton made a long ore price increase of temporary settlement 40%, a grim challenge to China's iron and steel industry.
"China's iron and steel enterprises want to get rid of people ' strangle hold ' fate, must go. Soaring prices of imported iron ore, was overwhelmed by us, do not go out, there is no way out. "President of the China iron and steel Association, Wuhan steel General Manager Deng Qilin said.
According to the Ministry of land and resources prepared by the last year on promoting overseas geological surveys and mineral resources exploration work in a number of opinions, to actively and steadily carry out the mineral resources "going out" strategy to support increased offshore prospecting as an important content.
"Metallurgical raw materials of domestic iron and steel enterprises through directly to the resource industry extends control of resources such as iron ore, coal, some stainless steel enterprises is extended to some non-ferrous metals such as nickel, chromium. Seen from the extension means, including building their own mine, a joint venture to buy shares, purchase of assets, such as forms, some domestic steel enterprises go out of the country, should select equity participation in overseas mines is the trend. "Liu 喆 said.
Following the Hunan Valin steel group bought Australia after becoming its second largest shareholder of FMG17% shares, Wuhan steel Group acquired recently Brazil iron ore resource of the EBX Group equity success, the Chinese iron and steel enterprises to go is first of its kind.
"That means not only miners in China power enhancements, and mature in the going out and, more importantly, is to break the monopoly, enhanced foreign iron ore giant future voice in the negotiation of iron ore, the initiative is of great significance. "Xu xiangchun pointed out.
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