The Ministry of industry and information technolog

The Ministry of industry and information technology is preparing new regulations to help the iron and steel industry get rid of difficulties or promote restructuring

the Ministry of industry and information technology is preparing new regulations to help the iron and steel industry get rid of difficulties or promote restructuring

China Construction machinery information

Guide: it is revealed that the guiding opinions on promoting the merger and reorganization of iron and steel enterprises may be issued within the year. For the iron and steel industry, which is deeply in the dilemma of comprehensive losses, the bugle of mergers and acquisitions has been sounded as the direction of enterprise development in terms of quality and after-sales service. Xuwenli, deputy director of the steel Department of the raw materials department of the Ministry of industry and information technology, is participating in the 2012 (third) China Steel

it is revealed that the guiding opinions on promoting the merger and reorganization of iron and steel enterprises may be issued within this year

for the iron and steel industry, which is deeply in the dilemma of comprehensive losses, the horn of large-scale "merger and reorganization" is expected to drive the rapid development of new generation information technology, new energy, high-end equipment manufacturing and other fields

xuwenli, deputy director of the iron and steel Department of the raw materials department of the Ministry of industry and information technology, disclosed when attending the "2012 (third) China Iron and steel Planning Forum" that the draft Guiding Opinions on promoting the merger and reorganization of iron and steel enterprises (hereinafter referred to as the "opinions") drafted by the Ministry of industry and information technology has been completed, and is currently in the countersignature stage of relevant departments and bureaus within the Ministry, which is expected to be officially announced within the year

"the Ministry of industry and information technology will promote the pace of mergers and acquisitions of iron and steel enterprises, encourage social capital to participate in the mergers and acquisitions of state-owned iron and steel enterprises, and focus on supporting outstanding large enterprises to carry out cross regional and cross ownership restructuring." Xu Wenli said to. He said that according to the law of market-oriented operation, enterprises in line with the national steel industry policy and the "standard conditions for production and operation of the steel industry" will be the main body of mergers and acquisitions, combined with the elimination of backward, technological transformation and optimization of layout, in order to significantly reduce the number of iron enterprises in terms of steel wall energy conservation and improve industrial concentration

this is also the first specific guiding document of the Ministry of industry and information technology for mergers and acquisitions in the steel industry after the "12th Five Year Plan" of the steel industry. According to the Ministry of industry and information technology, the opinions will guide local mergers and acquisitions, including the application methods, promotion measures, objectives, principles and implementation procedures of the iron and steel industry related to "mergers and acquisitions". It is worth noting that the opinions will also clarify that the state will give specific support policies to mergers and acquisitions that conform to industrial policies

"there may be some difficulties in implementing the supporting policies involving cross sectoral and cross industry coordination", an official of the Ministry of industry and information technology said that at present, the "opinions" is waiting for the Ministry (the Ministry of industry and information technology) to give specific opinions. From the current feedback, there may be some adjustments in the "supporting policies" and "cross sectoral coordination"

"I met several enterprises with an output of more than 300 tons this year, and we have no confidence in whether they can exist in the next five years, even this year." Gu Qiang, deputy director of the planning department of the Ministry of industry and information technology, said at the 2012 (third) China Steel Planning Forum. This statement is true. Behind the "policy" formulated by the Ministry of industry and information technology to promote the merger and reorganization of the steel industry, it is precisely the huge pressure brought by the losses of the whole industry. Decastro added: relying on this new technology

"from the operation of the first quarter, the loss of the whole industry has become a certain number, which is also the first loss of the whole industry in the steel industry after entering the 21st century." Liu Zhenjiang, Secretary of the Party committee of the China Steel Association, said. He admitted that since the fourth quarter of 2011, the main business of iron and steel enterprises has started to lose money, and the amount of losses has been rising. The data in March may ease slightly, but it still cannot change the current situation of losses in the whole industry

Zai Li, the vice president of a steel plant in Hebei, said that the first quarter was originally the peak season for steel sales, but the industry has been very depressed for several consecutive months, with high costs of iron ore and coking coal, continued weak downstream demand, and enterprises have turned from "meager profits" to "losses". Zhang Changfu, vice president and Secretary General of CISA, also said that the trend of China's steel price in 2012 is still uncertain, and the situation of low profit operation in the steel industry will not change in the short term. It is expected that mergers, restructuring and bankruptcy in the steel industry will increase

according to Xu Lejiang, chairman of Baosteel Group, when the industry enters low profit operation, mergers and acquisitions will be in full swing, and the territory of China's steel industry will change greatly within five years. Li Zhongjuan, deputy inspector of the Industrial Coordination Department of the national development and Reform Commission, also said in an interview that during the "12th Five Year Plan" period, the iron and steel industry will enter the peak zone of the industry, so this stage is the best period for industrial transformation and adjustment, mergers and acquisitions

"at this stage, the industry's losses are intensifying, creating an atmosphere for mergers and acquisitions in the market." Xu Xiangchun, my director of iron and steel information, said that due to the long-term problems of overcapacity and low concentration in China's iron and steel industry, China began to promote the merger and reorganization of iron and steel enterprises as early as a few years ago. However, due to the good iron and steel situation, the enthusiasm of enterprise merger and reorganization is not high, and the promotion effect of government action is limited. In the context of the loss situation of the whole industry, the introduction of the policy will speed up the process of mergers and acquisitions in the steel industry in the next few years

Xu Xiangchun pointed out that in the face of low profits in the whole industry, whether enterprises can play a leading role in mergers and acquisitions will indicate the final effect of mergers and acquisitions

liujianming, a steel researcher at Huatai Securities, said that when steel industry enterprises face large-scale losses, especially when private enterprises begin to lose money, they will usher in a real wave of restructuring. He said that in the process of restructuring, it should be determined whether the enterprise has the ability to control large groups. It should not be integrated for the sake of becoming larger, and ultimately large but not strong