Ministry of Industry: Steel industry mergers and acquisitions advice guide launc
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Long ago, China Steel Industry Association in 2010 From the information the Council this year, the restructuring of steel companies will introduce new action. Ministry of Industry and Information Technology will also launch the steel industry mergers and acquisitions Guidance. Baosteel and Shagang
the two different ownership between large steel enterprises Cooperation Intention not only to enhance the competitiveness of both parties, but also conducive to accelerating the pace of restructuring the steel industry.
Present, the steel industry faces transformation approach to development, improve quality and efficiency of the development of an important task. In 2009, the central response to international Financial Crisis driven by the package, China's steel industry has made some positive changes, mainly an increase in crude steel production, steel exports rebound, prices stabilize, business conditions gradually improved. However, the total control of China's steel industry, eliminate backward production capacity, optimize the industrial layout, and enhance industrial concentration and so the pressure still exists.
Globally, the United States before the four largest steel companies accounted for 64.1% of the national steel output, the first 4 major Japanese steel companies accounted for 75% of the national steel output in 2009 to 20 million fortune in China 6 tons of iron and steel production accounted for only 32.8% of total production, there is a big gap with the developed countries.
Experts pointed out that the solution to a low concentration of China's steel industry, backward production capacity and large structural problems, merger and reorganization is important grasps. Iron and steel industry must make greater efforts to carry out and implement the "iron and steel industry restructuring and revitalization planning", to ensure the structural adjustment in a more prominent position. Mergers and acquisitions is to promote the optimization and upgrading of industrial structure, changing the way enterprises an important way.
China's steel enterprises to speed up joint reorganization, whose aim is to raise industrial concentration degree and enhance overall competitiveness. China's steel industry, developed countries should seize the steel industry has not yet returned to normal production levels to speed up the optimization and upgrading of industrial structure in the steel industry, through joint reorganization, and enhance the production and operation of scale, enhance the ability to cope with risks; enhanced synergies, sharing resources, improving the level of scientific management of enterprises, reduce the transaction costs; enhance the capacity of companies to control production and thus enhance the competitiveness of enterprises.
From last year's steel industry consolidation trend point of view, re-Ningbo Baosteel Iron & Steel, Shougang steel restructuring Changzhi; has completed the restructuring of Hebei Iron & Steel and Shandong Iron and Steel deepened reform and further strengthen the Group's internal production, supply, investment in the unified planning Management … … the iron and steel company merger and restructuring and after the "big move" shows that China's steel industry is in accordance with the requirements of relevant state policies to adjust and integrate. Hebei Iron and Steel, Bao Steel, Wuhan Steel, Anshan, Sha Steel crude steel up to the 5 family property business, last year's total crude steel production of 165 million tons, accounting for 29.06% of total crude steel than the previous year 26.33% of the proportion, increased 2.73 percentage points, preliminary results show that the adjustment.
Experts say, accelerate consolidation in the steel industry, I have to pay attention to resolve trans-regional mergers and acquisitions Fortunately, the problems in the distribution of benefits; to pay attention to the promotion of private enterprise in the development process of industry consolidation, the market mechanism to play a greater role highlight the advantages of diversification of asset structure, enhance the overall competitiveness of the industry; have to pay attention to the quality of integration, increase scientific and technological development effort, in particular, the two sides to enhance the re-management mechanism Sell Methods "software" level, to encourage businesses to rely on the quality of scientific and technological progress and efficiency variety of resources Energy Saving development mode. Click to see more exciting information
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