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Discussion on Mode and Path of Structural Adjustment of my country's Iron and Steel Industry
Release time:
2023-02-27 14:25
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At the beginning of the "14th Five-Year Plan", the integration and reorganization of my country's steel industry showed new characteristics. On January 28, 2021, 6 units and 9 iron and steel production enterprises in Shaanxi, Jinan, Sichuan, and Gansu, including Shaanxi Iron and Steel Group, registered and established Northwest United Iron and Steel Co., Ltd. with a production capacity of more than 60 million tons. During the "14th Five-Year Plan" period, the curtain of regional structural adjustment of my country's iron and steel industry has been opened. On February 1, China Baowu Group acquired shares of Kunming Iron and Steel Co., Ltd. After realizing the goal of "100 million tons of Baowu", we will move towards the goal of "200 million tons of Baowu" with practical actions. On February 10, Jianlong Group officially took over Xinggang and Jianlong Group. The Group's production capacity has increased to approximately 40 million tons. In accordance with the principles of corporate legal person, government guidance, and market-oriented operation, China's steel industry has actively carried out cross-regional and cross-ownership mergers and acquisitions, as well as regional and strategic major mergers and acquisitions to accelerate development. Take advantage of the current favorable M&A window to improve. Industry concentration will continue to improve the effective supply capacity and comprehensive competitiveness of the iron and steel industry.
1. Joint reorganization is imperative
(1) Joint reorganization is the only way under the background of Quanfeng era
The author proposed "three complexes" in the article "China Steel will usher in a critical decade of three complexes" in the "World Metal Bulletin" on January 12, 2021. Comprehensively strengthen the country and strengthen the country with steel, leading the world's steel army in an all-round way. Constrained by the carbon peak target, the National Industry and Information Technology Work Conference held on December 28, 2020 clearly stated that crude steel production should be resolutely reduced to ensure a year-on-year decline in crude steel production. The main manifestations of comprehensive peaking are as follows: First, carbon peaking and carbon neutrality will force the steel industry to reduce production, adjust and upgrade. Second, the stable economic growth drives the upgrading of steel consumption and gradually reaches its peak. Third, the apparent consumption level of crude steel per capita indicates that the peak of steel consumption in my country is approaching. The "Guiding Opinions on Promoting the High-quality Development of the Iron and Steel Industry (Draft for Comment)" issued by the Ministry of Industry and Information Technology at the end of 2020 proposes that the iron and steel industry should strive to achieve the first peak of the iron and steel industry. Total carbon emissions by 2025. Overall, the total amount and intensity of energy consumption is under control. , under the pressure of carbon transaction costs, the reduction, adjustment and upgrading of the steel industry is imperative.
Through the research and analysis of the steel development history of the world's major steel-producing countries, it can be found that since the 1970s, after the crude steel production in major steel-producing countries such as the United States, Japan, Germany, and France, the United Kingdom and the United States have reached their peak, and Russia has experienced steel production. and consumption. Optimizing the structure of the steel industry through mergers and acquisitions, increasing industry concentration, improving resource control and market discourse power, reducing costs, and enhancing market competitiveness to varying degrees are one of the main methods for structural adjustment and optimization of the steel industry. At present, the top five steel companies in the European Union, the United States, Japan, Russia and South Korea account for more than 50% of the country's crude steel production. Therefore, joint reorganization is the only way for my country's iron and steel industry to reach its peak.
(2) Joint reorganization is a realistic choice to enhance market competitiveness
In recent years, my country's crude steel output has continued to grow rapidly. While meeting the construction needs of all aspects of the rapid growth of the national economy, it also faces problems such as rising labor costs, resource security, and disorderly market competition. The ultra-large iron and steel enterprise group headed by China Baowu has achieved cross-regional and entire industrial chain layout through horizontal and vertical reorganization, fully released the scale effect, tapped the potential for increasing production, and worked together to achieve growth.
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