Look forward to staging the steel industry, "Transformers" drama – Video Encoder/Decoder
Into the "iron and steel industry restructuring and revitalization plan," second year of implementation, the Chinese steel industry is being severely tested. Strength steel prices have staged a "Transformers" drama, in order to successfully change the growth mode to produce papers.
Data show that in 2009, China's largest steel producer in Hebei Province, export of steel 3,684,700 tons, down 60.57%, a record output of major products, profits fell 7.46%.
Chinese "two sessions" held on the eve of the State Council put forward to promote the implementation of light industries and the six measures, which reaffirmed the strictly control steel and other industries with surplus production capacity will total; re-emphasis on promoting merger and reorganization of enterprises, improve the industry concentration and the competitiveness of companies ; the same time, proposed the establishment of the steel industry assessment index system for carbon emissions.
The State-has also been formally devolved to the central business enterprise transfer of assets restructuring agreement, "autonomy" and respect its purpose is to promote the central business reorganization and integration of state-owned property. Analysts here believe that the message is clear for the "two sessions" to pave the way after the reorganization of drama.
With the same time, the steel industry giants have started to move for a new round of consolidation ahead of the layout: difficult to promote restructuring in the Shandong Group made substantial step in the suspension more than three months later, Jinan Steel, Laiwu Steel Post a major asset restructuring program; domestic steel prices in two other giant Baosteel Group and Jiangsu Sha Steel Group also signed a strategic collaboration Beijing letter of intent that will be in technology, product, market and resources in all aspects of a comprehensive strategic cooperation.
Industry reshuffle, which is steel prices is not new. Through mergers and acquisitions among enterprises, a number of bigger and more powerful steel companies have been ready to come out. In 2009, China's steel enterprises have taken in cooperation with the pace of restructuring: restructuring Ningbo Baosteel Iron & Steel, Shougang Steel, and Guiyang Special Steel reorganization Changzhi; Hebei Iron and Steel, Shandong Iron and Steel Group-wide implementation of unified management and operation.
CISA vice chairman Luo Bingsheng that industrial concentration is still low in China steel industry faces important issues.
It is understood that inhibition of excess capacity, increased industrial concentration is the "iron and steel industry restructuring and revitalization plan," one of the core content, but its implementation one year to the situation, the effect is not satisfactory. On the one hand, excess capacity still exists, and the industry appears to reduce the phenomenon of increasing production. From the industry association's data show that in 2009, China Steel Association focused on the monitoring of 68 large and medium steel companies to increase annual steel output of 42.04 million tons, up 10% over the previous year; but industrial output was down 12.75 %, sales revenue fell 10.10%, with profits down 31.43%. On the other hand, industry concentration is not enough. 2009, Hebei Iron and Steel, Bao Steel, Wuhan Steel, Anshan, Sha Steel Iron and Steel Group together five steel production 165 million tons, accounting for only 29% of national output over the same period, which is "the steel industry restructuring and revitalization plan" proposed "national top 5 bit iron and steel production capacity accounts for more than 45% the proportion of "target gap far from it.
Currently, Australia's BHP Billiton, Rio Tinto Group and Brazil's CVRD's iron ore price negotiations with China under way. It is understood that negotiations over the years China has always been a disadvantage, the right to have control in the hands of the three miners, one important reason is the low concentration of Chinese iron and steel industry.
Sources said the Ministry of Industry, "the steel industry mergers and acquisitions guidance" has been basically formed forthcoming. It is foreseeable that a new round of consolidation of China's steel industry will pull the curtain.
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