subject: Wuhan Steel To Follow Baosteel, Fangchenggang Project Forward As Planned [print this page] Baosteel Zhanjiang project restart when another regulation of large-scale steel projects encounter - Wuhan Iron and Steel Fangchenggang project, also is "Resurrection."
February 24, this reporter learned from the Wuhan Iron and Steel Group, Wuhan Iron and Steel Fangchenggang 10 million-ton steel project preparation work, "is advancing as planned."
"The normal operation of the project is currently in progress which." Wuhan Iron and Steel Group publicity everywhere Changbai side told our reporter. Wuhan Iron and Steel Group, an insider told this reporter that at present, the main factory has been equipped Fangchenggang start condition, the trial project is being reported.
In 2009, as limited by the domestic steel excess capacity, based on the "Guangdong and Guangxi," the two million tons of steel along the coast projects - Wuhan Iron and Steel Baosteel Zhanjiang project and Fangchenggang project, be asked to delay the construction once.
Early resumption of work
On October 12 last year, general manager of Wuhan Iron and Steel Group, Deng Qi Lin interviewed said that Wuhan Iron and Steel Fangchenggang project by the financial crisis, are not going well, the government has not approved the project feasibility of Fangchenggang report.
The Wuhan Iron and Steel the project as a "life project." Wuhan Iron and Steel, a senior who complained in a chat, Fangchenggang project should not be delayed, "not across the board."
The insider told reporters Difficult Fangchenggang project, the Fangchenggang City and Wuhan Iron and Steel with the relevant authorities for a number of communication, including further study of the report can be submitted, in building and planning more reflects the trend of economic development. In addition, Fangchenggang specially formulated "of regulations of Fangchenggang steel base."
Fangchenggang City leaders also meet resistance on several occasions on the issue and the Wuhan Iron and Steel project negotiations, and to organize a group to study to understand the Baosteel Zhanjiang Zhanjiang steel project construction progress, "In the end, both sides decided to continue to promote the early work."
The sources also said that the main plant Fangchenggang invested 1.7 billion yuan in 2009 about the demolition work being carried out new sites, industrial supporting areas of land acquisition has also completed nearly 90%.
Guangxi provincial government in early position, Fangchenggang steel base is the "No. 1 Project" in the hope Wuhan Iron and Steel Group to carry out a comprehensive pre-construction work, completed more investment amount for the project officially started construction conditions.
In addition, the Wuhan Iron and Steel Project Fangchenggang also continue to be the national development bank loans. The insider told this reporter, in December 2009, the National Steel Corporation open act added 80 billion yuan in the development of integrated credit and financial cooperation agreement. Which supported the project, including Fangchenggang iron and steel project on the preparatory work, another project is the Wuhan Iron and overseas resource development.
The source said, though, Wuhan Iron and Steel Fangchenggang the availability of Development and Reform Commission approved the project is not yet clear, but does not affect the plant's construction.
Start is imperative
Fangchenggang iron and steel projects, to be regarded as the transformation of Wuhan Iron and Steel key step.
Wuhan is located inland, required more than 80% dependent on imported ore, and therefore the cost of ore transportation in similar enterprises in the high, even once higher than the industry average. To reduce costs, Wuhan Iron and Steel in recent years, active in the construction site along the Yangtze River iron ore transfer station, but the transport costs are still higher than Angang, Baosteel.
Therefore, get rid of high cost Fangchenggang as Wuhan Iron and Steel "that came out." WISCO thinking is to seize the "China - ASEAN Free Trade Area," the opportunities, the first to occupy the market.
January 1 this year, "China - ASEAN Free Trade Agreement" entered into force, 90% of 7000 the implementation of zero tariff commodities, textiles and clothing involving agricultural products, automobile parts, steel and other industries. Among them, the steel industry is the biggest industry gain a good one.
I have section steel net win, said analysts, the ASEAN is China's second largest area of steel exports, the short term, China's steel exports to ASEAN's share of the rate of increase may not be obvious, but in the long run, as the tariff gradually reduced to zero, do not rule out the Association of Southeast Asian Nations to replace South Korea as China's largest steel exporter possibilities.
The Wuhan Iron and Steel both insiders and Belarus, said Fangchenggang start is imperative.
Festival victory but had said the reason for resumption of Baosteel Zhanjiang project, with the elimination of backward production capacity in Guangdong Province degree, whereas the Guangxi is relatively slow. The insiders admit, eliminate backward ineffective, indeed pressure Fangchenggang projects.
In addition, Baosteel Zhanjiang project with Wuhan Iron and Steel Fangchenggang project, will start also popular question. Economic experts told a reporter metallurgical expressed the construction of these two projects simultaneously satisfied, "Baosteel and Wuhan Iron and Steel with the central level, with the Guangdong and Guangxi to build a 10 million tonne plate production base, the two was less than 200 km, the face of the market are Southeast Asia, is the hinterland behind the southwest, is also produced by marine board. This idea is not economical. "
Wuhan Steel To Follow Baosteel, Fangchenggang Project Forward As Planned
