Half of the steel companies will be merged in three years to form a super-large steel group

Half of the more than 500 steel companies in three years or merged .Experts said that several large-scale steel groups have formed analysts, pointing out that some small steel companies with weak comprehensive strength and difficult transformation and upgrading will be out in the next few years.

The Steel Industry Transformation and Development Action Plan (2015-2017) (hereinafter referred to as the “Action Plan”) is expected to be introduced before June 2015. Recently, Luo Tiejun, deputy director of the Raw Materials Department of the Ministry of Industry and Information Technology, said this.

It is reported that the goal of the Action Plan is to reduce China's 80 million tons of steel production capacity after three years of efforts to alleviate the overcapacity conflict; establish two - three intelligent demonstration factories to enhance the integration level of the industry, and more What is important is to promote mergers and acquisitions and control the number of steel enterprises to around 300, which means that China's steel industry will have a large-scale merger and acquisition tide in the next few years.

Future or current super-large steel groups

According to the statistics of China Steel Association, China's crude steel production capacity in 2014 was about 1.14 billion tons, while the number of steel enterprises in China is currently around 500, including 400 private steel enterprises. Among the more than 400 private steel enterprises, there are 7 with a capacity of more than 10 million tons, and more than 200 with a capacity of less than 1 million tons. The most difficult to survive in the future is these small steel enterprises with a capacity of less than 1 million tons. In this regard, some industry analysts pointed out: These small steel enterprises have weak comprehensive strength, and it is difficult to transform or upgrade, and compliance review is difficult to pass. In addition, due to the small scale of assets and insufficient financial strength, the steel companies will be out of the market in the next few years.

Source: Network

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