subject: China's Steel Industry Usher In A Major Restructuring Of The Wave Of [print this page] Is located in the northern Gulf Economic Zone in Guangxi Fangchenggang 10 million tons of steel base project is in full swing nowadays to carry out preparatory work. Ministry of Environmental Protection in China recently are also experts in the project pre-technical evaluation of the EIA content.
Fangchenggang 10 million tons of steel base project in central China's largest steelmaker by Wuhan Iron and Steel Group and Liuzhou Iron and Steel Group joint venture, the project total investment of more than 600 billion yuan, the construction scale of 1000 million tons. Deputy Mayor Ian Fangchenggang City, said the construction of this project to achieve the Wuhan Iron and Steel and Liuzhou Iron and Steel substantial restructuring.
In fact, the Wuhan Iron and Steel and Liuzhou Iron and Steel's "marriage" in terms of China's steel industry are nothing new. This year, China's steel industry usher in a major restructuring wave.
June 28, 2008, sit tight domestic steel production has been the location of boss Baosteel Group and Guangzhou Iron & Steel Group, Guangdong Shaoguan Iron & Steel Group's restructuring, the establishment of the Guangdong Iron & Steel Group Co., Ltd.. Company registered capital of almost 360 billion yuan, including Baoshan Iron and Steel Group has invested nearly 29 billion yuan in cash. Baoshan iron and steel industry in Guangdong Province re-opened a regional restructuring of China's steel industry, big screen. Baosteel chairman Xu Lejiang said it was the restructuring of Baosteel assets, "interim results", will push forward the China Iron and Steel industrial structure adjustment and industrial upgrading.
On just two days after the reorganization of the Chinese steel industry Zaigua whirlwind. June 30, Tangshan Steel and Handan Iron & Steel, Hebei Iron and Steel Group Co., Ltd. re-establishment of the new company to become China's largest steel production capacity is currently group, more than 30 million tons of steel production.
Iron and steel industry restructuring this year, why the wind blowing? Zhang Xiaogang, president of China Iron and Steel Industry Association, previously interviewed by the media, said that China has been vigorously raise the concentration of iron and steel industry, but the degree of concentration has been reduced year by year show the trend of output of the top ten iron and steel enterprises account for the proportion of total output by 2004 of 34.7% all the way down to 2006, 29.4%. China Steel has to have the time of reorganization.
"Restructuring the one hand, can improve the industry concentration degree, but this can optimize the industrial layout, adjust the structure of iron and steel industry. For example, Wuhan Steel and Liuzhou Iron and Steel reorganization, in which there are a lot of mysteries." Ian said.
According to his analysis, Wuhan Iron and Steel from the mainland to the coastal strategic shift, first consider the cost. Fangchenggang as China's south-west coastline of the most deep-water harbor, Brazil shipping iron ore from the Wuhan Iron and Steel from the headquarters of Fangchenggang landed ashore and compared to the difference in freight rates per ton for more than two hundred. Well as market factors. Fangchenggang 10 million-ton iron and steel base project is not only the use of an excellent port of export, but also can cover the southwest and south-central regions. There are also energy-saving emission reduction reasons, the countries require restructuring of Wuhan Steel and Liuzhou Iron and Steel the premise that the elimination of backward capacity of more than 540 million tons of iron making, steel making capacity of more than 900 million tons.
"Wuhan Steel and Liuzhou Iron and Steel's restructuring, but also can stimulate the northern Gulf Economic Zone in Guangxi development, and to support countries in the China - ASEAN Free Trade Area framework, opening up and development in northern Gulf Economic Zone in Guangxi's strategy." Fangchenggang Port Group Co., Ltd. General Manager Xie Yi said.
It is reported that Fangchenggang iron and steel base project a formally put into operation, annual sales income of 34 billion yuan, providing jobs 25000 people. Also around this project, nearly 150 projects are under negotiation supporting and downstream.
Yao-Dong Huang, Guangxi Academy of Social Sciences researcher warns: "China's steel industry in restructuring to enhance competitiveness on the international market is indeed a good thing, but also to prevent the homogenization of competition. For example Fangchenggang iron and steel base project and Zhanjiang in Guangdong Iron and Steel Group's steel company geographically very close, and how to properly differentiate their products and avoid vicious competition in the market deserves attention. "
China's Steel Industry Usher In A Major Restructuring Of The Wave Of
