China's Steel Industry Will Usher In The M & A Wave - Tileable Stone Texture Manufacturer

However, before any of the 2010 global financial crisis

, but not because of the global economy to slow down the arrival of spring, the Chinese steel industry to shift in the unprecedented wave of mergers and acquisitions to complete the "crises" and "machine" of the conversion.

With the acquisition of loans to re-gate, steel industry revitalization program to encourage horizontal integration, financial integration and the acquisition of 30 Focus on the relevant requirements, such as multi SAC support, industry analysis, mergers and acquisitions this year, China's steel industry will enter a glorious time.

The State Council recently passed the "steel industry restructuring and revitalization plan" submitted to further develop Baosteel, saddle this, Wuhan and other major groups and leading role to achieve the saddle of the Group, Guangdong Iron and Steel Group, Guangxi Iron and Steel Group, Hebei Iron and Steel Group and Shandong Iron & Steel Group the production, supply, unified management of human, financial substantive reorganization; promote the Group and Panzhihua Iron and Steel saddle, Northeast Special Steel, Baosteel and Baotou Steel, steel, and other regional and Tianjin, Ningbo and Tianjin Iron Steel, Tianjin Steel, Tianjin Metallurgical Company, too Steel and iron and steel enterprises in the province within the region and reorganized.

Another source said details of the steel industry revitalization planning process currently under intense development is expected in the "two sessions" before and after the introduction. As an important iron and steel industry revitalization plan supporting measures, "perfect consolidation and reorganization policies" and "modify the steel industry policy," the two special work will be completed during the year.

In fact, the steel industry in recent years, "big ticket" integrations, in 2008 there Shao Bao Steel and Guangzhou Iron and Steel restructuring, reorganization Liuzhou Iron and Steel Wuhan Iron and Steel, Shandong Steel Group and Hebei Iron and Steel Group, formed from the merger and reorganization and other 17 cases. This year, Baosteel acquired Baotou, Anshan Iron and Steel Integrated Panzhihua Iron and Steel, Wuhan Iron and Steel Company of Guangxi merger will be a major breakthrough.

The steel industry restructuring and rejuvenation program, the consolidation and reorganization be considered as "revitalizing" the important steel industry path. China Steel Industry Association, China General Shan Shang said in an interview, it is better joint reorganization period. "From the macroeconomic situation and to analyze the lucrative time to re others, difficult, difficult times now, at a loss, close to the loss or bankruptcy, may pull it a bit easier."

Indeed, the international steel industry consolidation and reorganization is also accelerating the trend of an urgent need to speed up China's steel industry consolidation and reorganization - of assets, equipment, personnel, technology, products, optimize all aspects.

Hebei province on the iron and steel, the province's Iron and Steel Group established since June 2008, the year, the province completed the steel industry, steel, crude steel, pig iron synchronize more than 110 million tons, still ranked first in China, and the first times to achieve a growth rate higher than the deep-processing products of primary products.

"Planning for the revitalization of the steel industry conglomerates speaking, means that low-cost expansion opportunities." Yi-Fang Wang, chairman of Hebei Iron and Steel Group said that according to plan, China will play the leading role of large groups, to promote consolidation and reorganization, to cultivate international competitiveness The large and extra large steel groups. Currently, Hebei Iron and Steel Group has become the focus of national industrial policy to support one of the four bases.

Vice President of Metallurgical Industry Association of Hebei Province Prospering of the first half of the steel industry will be the most difficult stage of the steel industry is likely to gradually put in place in the macro-control policies, into the stabilization of the most critical stage of development; to the end of this year or early 2010, steel industry may be in place in the macro-control policies began to gradually improve after.

With the expansion of the global financial crisis, this year the domestic steel industry will experience a life like hell. But one thing is indisputable: only between steel prices to break the region, central and local boundaries between steel enterprises can achieve true joint restructuring and mergers and acquisitions.

by: gaga

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