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Iron and steel three quarter steady performance, industry restructuring urgent demand
By 2020, the iron and steel smelting enterprises in Hebei province will be reduced to about 60, and the production capacity of the first 15 enterprises will account for more than 90% of the province.
The iron and steel industry is gradually coming out of the low level in previous years and ushered in a relatively stable growth period.
Fifteen listed companies in the steel industry have disclosed their results for the three quarters of 2008, including 13 companies whose net profit increased year-on-year during the reporting period, Changbao (002478.SZ), Shagang (002075.SZ), Liugang (601003.SH), Ma Gang (600808.SH) and others. Profits have doubled. In terms of forecast, eight companies have disclosed their forecast results for the third quarter of 2018, and the results during the reporting period are all good. The net profit of three companies, Xingang (600782.SH), Xinxing Casting Pipe (000778.SZ) and Waring Iron and Steel (000932.SZ), is expected to double year-on-year.
However, it should be pointed out that the steel industry is still facing the problems of low industrial concentration and high debt ratio while the industry's revenue and net profit are generally increasing substantially.
Reporters noted that the Northeast Special Steel Group has recently completed industrial and commercial changes, the company name from the Northeast Special Steel Group Co., Ltd. renamed Northeast Special Steel Group Co., Ltd., the main type of the market from a limited liability company (state-owned holding) to other companies (unlisted), registered capital from 3644.17 million yuan. Increased to 10 billion 377 million 358 thousand and 490 yuan.
It is understood that after the reorganization of the Northeast Special Steel shareholders from the previous four to the current 177, some of which are the main reorganization party, such as Jincheng Shazhou, Benxi Iron and Steel; some as capital investors in the financial institutions; and some of the original creditors implemented the "debt-to-equity swap". As an important special steel enterprise in Northeast China, Northeast Special Steel plays a special role in aerospace and other high-tech undertakings. The reorganization will help Northeast Special Steel to solve the remaining debt problems, inject new capital, and introduce a new management model, which will help enterprises to glow new vitality.
In 2016, due to the reorganization of Baosteel and WISCO and the establishment of Baowu Group, the concentration of China's iron and steel industry has been improved, reversing the trend of four consecutive years of decline in the concentration of the iron and steel industry, CR10 (the cumulative crude steel output of the top ten iron and steel enterprises in the country's crude steel output ratio) rose to 35.9%, an increase of 1.7 percentage points year on year. In 2017, the steel industry completed a number of heavyweight iron and steel enterprises annexation and reorganization. Including the strategic reorganization of CITIC Qingdao Special Steel Group, the integration of Baowu Group's capital market, the reorganization of Shagang and Benxi Steel Group's Northeast Special Steel Group, the reorganization of Beijing Jianlong Heavy Industry Group's Beiman Special Steel and Acheng Iron and Steel Group, the establishment of the Longevity Iron and Steel Company in Chongqing with the joint investment of Baowu Siyuan Heyuan Fund and Chongqing Zhanxin Fund. Special Steel was transferred to China Food and Agriculture Group by the Southern Industrial Group without compensation, and the industrial structure has undergone considerable adjustment. Under the impetus of merger and reorganization and output growth of large-scale iron and steel enterprises, China's iron and steel industry concentration in 2017 further improved.
Following the establishment of Siyuan He Iron and Steel Industrial Structure Adjustment Fund by China Baowu Group in conjunction with WL Ross Company, Sino-US Green Fund and China Merchants Bureau Group in 2017 to integrate Chongqing's iron and steel assets, there are also three acquisition bases, namely Changcheng He Steel Industrial Development Fund, Shanxi Iron and Steel Industrial Structure Adjustment Fund and Huabao Metallurgical Asset Management Co., Ltd. Gold has been established.
Wang Guoqing told the First Financial Reporter that M&A funds in the steel industry have gradually become the main body of market-oriented and capitalized operation of the integration of the steel industry. Relying on the integration and expansion of iron and steel as well as upstream and downstream industrial chains, the role of iron and steel funds in the merger and reorganization of the iron and steel industry has gradually emerged, which will accelerate the upgrading of the concentration of the national iron and steel industry and the optimization and upgrading of the overall industry.
As a major producer of steel in Hebei, the integrated planning of iron and steel industry is quite clear. As early as 2016, the 13th Five-Year Plan for Industrial Transformation and Upgrading in Hebei Province pointed out that joint restructuring and relocation of enterprises should be accelerated. By 2020, a "2310" industrial pattern will be formed, with two major groups of Hegang and Shougang as the leading group, three local steel groups of Qian'an, Fengnan and Wu'an as the support and 10 characteristic steel enterprises as the supplement, so as to realize the transformation from a big steel province to a strong steel province. In 2018, according to the work programme of the iron and steel industry in Hebei Province (2018-2020), by 2020, the number of iron and steel smelting enterprises in Hebei Province will be reduced to about 60, and the production capacity scale of the first 15 enterprises will account for more than 90% of the province. Among them, Tangshan city plans to integrate the city's steel enterprises to less than 30 by 2020, 2025 to reduce to about 25. Wuan plans to integrate 14 iron and steel enterprises into 5~6 iron and steel enterprise group by 2020. Handan will focus on promoting the integration and reorganization of Baoxin Steel, Hebei South Steel, Taihang Steel and Yongyang Special Steel.
Jiangsu iron and steel industry actively promotes the "134" pattern, that is, a super-large iron and steel enterprise group with Shagang as the first echelon (50 million tons); three super-large iron and steel enterprise groups with Zhongtian, coastal and Xuzhou as the second echelon (more than 20 million tons); and four special steels with Nangang, Xingcheng, Tiangong and Delong as the third echelon. Enterprise group; the first four iron and steel enterprises in the province's crude steel production ratio to strive for more than 80%, the first eight production capacity ratio to strive for 100%. Anyang City, Henan Province, plans to integrate the number of iron and steel enterprises from 11 to 4 by 2020, forming a fully functional industrial cluster of raw material guarantee, smelting, rolling and deep processing.
In the era of "post capacity", the key development tasks of the steel industry have been transformed into deleveraging and merger and reorganization. In related iron and steel industry
The iron and steel industry is gradually coming out of the low level in previous years and ushered in a relatively stable growth period.
Fifteen listed companies in the steel industry have disclosed their results for the three quarters of 2008, including 13 companies whose net profit increased year-on-year during the reporting period, Changbao (002478.SZ), Shagang (002075.SZ), Liugang (601003.SH), Ma Gang (600808.SH) and others. Profits have doubled. In terms of forecast, eight companies have disclosed their forecast results for the third quarter of 2018, and the results during the reporting period are all good. The net profit of three companies, Xingang (600782.SH), Xinxing Casting Pipe (000778.SZ) and Waring Iron and Steel (000932.SZ), is expected to double year-on-year.
However, it should be pointed out that the steel industry is still facing the problems of low industrial concentration and high debt ratio while the industry's revenue and net profit are generally increasing substantially.
Reporters noted that the Northeast Special Steel Group has recently completed industrial and commercial changes, the company name from the Northeast Special Steel Group Co., Ltd. renamed Northeast Special Steel Group Co., Ltd., the main type of the market from a limited liability company (state-owned holding) to other companies (unlisted), registered capital from 3644.17 million yuan. Increased to 10 billion 377 million 358 thousand and 490 yuan.
It is understood that after the reorganization of the Northeast Special Steel shareholders from the previous four to the current 177, some of which are the main reorganization party, such as Jincheng Shazhou, Benxi Iron and Steel; some as capital investors in the financial institutions; and some of the original creditors implemented the "debt-to-equity swap". As an important special steel enterprise in Northeast China, Northeast Special Steel plays a special role in aerospace and other high-tech undertakings. The reorganization will help Northeast Special Steel to solve the remaining debt problems, inject new capital, and introduce a new management model, which will help enterprises to glow new vitality.
In 2016, due to the reorganization of Baosteel and WISCO and the establishment of Baowu Group, the concentration of China's iron and steel industry has been improved, reversing the trend of four consecutive years of decline in the concentration of the iron and steel industry, CR10 (the cumulative crude steel output of the top ten iron and steel enterprises in the country's crude steel output ratio) rose to 35.9%, an increase of 1.7 percentage points year on year. In 2017, the steel industry completed a number of heavyweight iron and steel enterprises annexation and reorganization. Including the strategic reorganization of CITIC Qingdao Special Steel Group, the integration of Baowu Group's capital market, the reorganization of Shagang and Benxi Steel Group's Northeast Special Steel Group, the reorganization of Beijing Jianlong Heavy Industry Group's Beiman Special Steel and Acheng Iron and Steel Group, the establishment of the Longevity Iron and Steel Company in Chongqing with the joint investment of Baowu Siyuan Heyuan Fund and Chongqing Zhanxin Fund. Special Steel was transferred to China Food and Agriculture Group by the Southern Industrial Group without compensation, and the industrial structure has undergone considerable adjustment. Under the impetus of merger and reorganization and output growth of large-scale iron and steel enterprises, China's iron and steel industry concentration in 2017 further improved.
Following the establishment of Siyuan He Iron and Steel Industrial Structure Adjustment Fund by China Baowu Group in conjunction with WL Ross Company, Sino-US Green Fund and China Merchants Bureau Group in 2017 to integrate Chongqing's iron and steel assets, there are also three acquisition bases, namely Changcheng He Steel Industrial Development Fund, Shanxi Iron and Steel Industrial Structure Adjustment Fund and Huabao Metallurgical Asset Management Co., Ltd. Gold has been established.
Wang Guoqing told the First Financial Reporter that M&A funds in the steel industry have gradually become the main body of market-oriented and capitalized operation of the integration of the steel industry. Relying on the integration and expansion of iron and steel as well as upstream and downstream industrial chains, the role of iron and steel funds in the merger and reorganization of the iron and steel industry has gradually emerged, which will accelerate the upgrading of the concentration of the national iron and steel industry and the optimization and upgrading of the overall industry.
As a major producer of steel in Hebei, the integrated planning of iron and steel industry is quite clear. As early as 2016, the 13th Five-Year Plan for Industrial Transformation and Upgrading in Hebei Province pointed out that joint restructuring and relocation of enterprises should be accelerated. By 2020, a "2310" industrial pattern will be formed, with two major groups of Hegang and Shougang as the leading group, three local steel groups of Qian'an, Fengnan and Wu'an as the support and 10 characteristic steel enterprises as the supplement, so as to realize the transformation from a big steel province to a strong steel province. In 2018, according to the work programme of the iron and steel industry in Hebei Province (2018-2020), by 2020, the number of iron and steel smelting enterprises in Hebei Province will be reduced to about 60, and the production capacity scale of the first 15 enterprises will account for more than 90% of the province. Among them, Tangshan city plans to integrate the city's steel enterprises to less than 30 by 2020, 2025 to reduce to about 25. Wuan plans to integrate 14 iron and steel enterprises into 5~6 iron and steel enterprise group by 2020. Handan will focus on promoting the integration and reorganization of Baoxin Steel, Hebei South Steel, Taihang Steel and Yongyang Special Steel.
Jiangsu iron and steel industry actively promotes the "134" pattern, that is, a super-large iron and steel enterprise group with Shagang as the first echelon (50 million tons); three super-large iron and steel enterprise groups with Zhongtian, coastal and Xuzhou as the second echelon (more than 20 million tons); and four special steels with Nangang, Xingcheng, Tiangong and Delong as the third echelon. Enterprise group; the first four iron and steel enterprises in the province's crude steel production ratio to strive for more than 80%, the first eight production capacity ratio to strive for 100%. Anyang City, Henan Province, plans to integrate the number of iron and steel enterprises from 11 to 4 by 2020, forming a fully functional industrial cluster of raw material guarantee, smelting, rolling and deep processing.
In the era of "post capacity", the key development tasks of the steel industry have been transformed into deleveraging and merger and reorganization. In related iron and steel industry
