From 2007 "rise" sound a whole industry into loss to now the edge, just a few short years time, China's steel industry will quickly experienced "by the failure and the change of the, the listed steel enterprises's earnings per share from 2007 in industry of high 0.63 yuan slipped to 2011 years of 0.14 yuan. And our country crude steel production capacity is more than 900 million tons of steel lack of demand last year 700 million tons, serious excess capacity pressure is like Tarzan case.
In order to get rid of earnings predicament, steel industry to speed up a joint restructuring, improve the pace of concentration.
In "backward", "equivalent replacement" and even "reduction replacement" policy guidance, a group of large steel production base is coastal areas being built. At the same time, once in the steel horizontal merger between enterprises, cross area to restructuring is slowly in the integration and upstream and downstream industry group enterprise longitudinal restructuring replaced.
However, steel enterprises within the group are "old change new" type restructuring can solve the excess capacity problem, whether it will bring new excess capacity? Large steel enterprises in the integration process can solve "the whole not conflict? Restructuring of the way out in the future again after going? In a new round of restructuring in the boom, these problems are worth steel more cool thinking.
Aims to industrial upgrading
And the past strong enterprise merger shaky business enterprise is different, in recent years, the combination of steel enterprise restructuring is more of a powerful combination or in response to the market challenges and take the spontaneity of restructuring and internal integration, to realize industry upgrading and control of resources. In countries "equivalent replacement", "reduction replacement" policy guidance, the coastal many large steel project heats up the pace of construction.
Recently, baosteel steel project, zhanjiang wisco steel base fangcheng port projects and shougang moved to the national development and reform commission has successively obtained steel project through audit. Previously, large steel project examination and approval has hidden three years.
Thousands of tons of construction projects got would spark a new wave excess capacity? "The current building new project do have excess capacity, steel plant management difficult challenge." My steel nets information XuXiangChun director said, but from the elimination of backward production capacity, adjust the industrial layout perspective, these projects belong to "to the old change new". The guangdong, guangxi part of capacity or technical content behind low productivity off and on again after new capacity. So, that won't happen with total significantly increased, and the industry layout also turned to coastal from mainland China.
Industry points out that, since the "eleventh five-year plan", large steel mills mount a batch of plank projects, such as shougang caofeidian, anshan BaYuJuan project, make the plank capacity fast growth. However, due to demand from manufacturing main plank, downstream demand growth in productivity growth than plank, leads to the stage excess.
"Though there are excess, but two big iron and steel base to project after two or three years to build, then the market environment may change." XuXiangChun believes that the current leading steel enterprises of the technology and equipment, and the research and development ability is strong, the product has a certain competitive power. Plus new capacity in the coastal area, close to the consumer market, geographically exist predominance.
Wisco general manager DengQi Lynn also said the group, each year from overseas of iron ore wisco to ningbo beilun port, and transfer two or three times to get to wuhan industrial port. "Lost" in the Yangtze river in the logistics cost up to 20 more than one hundred million yuan. The industry estimates, fangcheng port after the completion of the project, can direct saving wisco freight spending.
In addition to "backward", "to the old change new" outside, steel enterprises also strengthen the development of the industrial chain upstream and downstream in: through the merger of upstream resources integration, enhance the support ability of resources, reduce the industry operating risks; Through to the extension of the downstream industry chain, and further improve market control ability.
In August, 2008, wuhan and shanxi coking coal group signed the strategic cooperative frame agreement and coal marketing long-term cooperation agreement, joint investment wisco fangcheng port construction coking projects; In October 2006, with tianjin following the taiyuan stainless steel Co., LTD. Signed a stainless steel scrap steel for long-term supply and demand strategic cooperation agreement, realize the world's largest stainless steel company and productivity in north China's largest professional stainless steel scrap steel for the company "marriage".
At present, the steel enterprises downstream integration is extend to "the steel" field, and become an important source of profits. Treasure island data shows, the relative steel industry, the steel business lucrative. Wisco group sales last year profit rate is 1.67%, and the steel industry reached 3.47%; The group corp.are overall sales profit rate is 0.71%, the steel industry reached 4.11%. In view of this situation, the majority of domestic steel mill in the latest planning mention to make great efforts to enhance the steel business in the proportion of the income. Shazhousteel "1025" programming clear, achieve the sales income is 300 billion yuan, of which, the steel industry business income reached 100 billion yuan RMB, the benefit contribution strive to achieve 30% above.
It is worth noting that, the state-owned enterprise and private enterprise jointly direct m&a in the crowd is staged continuously. Since 2011, the provinces of state-owned steel enterprise through the gradual fusion of equity way, begin to strengthen the province and private steel enterprise collaboration. Taiyuan, shanxi and henan adopted respectively in China through the gradual fusion of private equity steel enterprise integration, and enhance the enterprise the competitive advantage in the area.
"In the future, large steel enterprise promoting joint restructuring would more close to the market and resources aimed at those of enterprises, to improve their competitiveness in the meanwhile, further optimize Chinese steel industry layout." Li xin and said.
Restructuring incoming tide
In the first quarter of this year, China's steel industry in the new century for the first time since the industry losses. In this context, to speed up the joint restructuring, improve concentration, become the most urgent requirement of steel industry, large steel enterprises is speeding up the group's internal capacity of integration.
Recently, shougang shares, chongqing steel and other steel enterprises focus on disclosure restructuring the draft, the assets of the scale are involved in ten billion yuan of above. Shougang stock by subordinate iron, coking plant to wait all assets and liabilities and hold shougang jiahua building materials, shougang rich way shi caitu all equity and shougang corp in hebei province qianan region subordinates shougang steel Co., LTD.
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