The integration scheme of Wuhan Iron and steel Baosteel or released this week will become the world’s second largest steel enterprises – reporter Zhang Yujie China Securities newspaper reporter learned from informed sources, Baosteel and Wuhan merger plan is expected to be released this week, the dominant party in the reorganization of Baosteel will become. Prior to the evening of June 26th, Baosteel Group and Wuhan Iron and Steel Group also announced plans to restructure the strategic issues. Baosteel and Wuhan Iron and Steel shares have also been suspended since June 27th. Will become the world’s second Chinese as the two leading iron and steel enterprises, Baosteel and Wuhan Iron and steel group at the end of June to start a "marriage", known as the largest Chinese recombination events of the iron and steel industry in recent years, this is following the merger of North and South car, MCC and Minmetals with the largest central enterprises reorganization case. According to the world iron and Steel Statistics 2016, 2015, Baosteel production of crude steel of 34 million 938 thousand tons, ranking the world’s top ten steel prices, Wuhan Iron and steel production capacity of 25 million 776 thousand tons, ranked China’s top ten steel enterprises in the sixth. Is expected after the merger of the two will exceed Hebei iron and steel, crude steel production has exceeded 60 million tons, ranking first for China, second in the world, second only to Ansai in tal (Arcelor Mittal) 97 million 130 thousand tons. Chen Derong, general manager of Baosteel Group had earlier revealed in an interview with the media, Baosteel, Wuhan Iron and steel joint reorganization of the two companies, it is very important that the steel production capacity to play a joint effect. In the last round of iron and steel industry consolidation tide, Baosteel and Wuhan Iron and steel are restructuring a number of Steel Corp. But judging from the current results, is not a success. Baosteel has restructuring Xinjiang Bayi Iron and steel (4.990, 0.12, 2.46%), Shaoguan, and the construction of iron and steel base in Guangdong Zhanjiang, formed the strategy of "two wings". WISCO has Echeng steel, steel, Liuzhou, Fangchenggang was established in Guangxi Fangchenggang iron and steel base. Among them, Baosteel Zhanjiang iron and steel base and Wuhan Iron and steel base is only 200 km away from Fangchenggang, the basic structure of similar products. Since 2014, the steel industry suffered a loss of the whole industry in the winter situation. 2015, Wuhan Iron and steel loss of more than 7 billion 500 million yuan, Baosteel net profit of $1 billion 13 million, but fell more than 8. 2015, Baosteel stripped of Ningbo iron and steel, Wuhan Iron and steel also stripped of the Liuzhou iron and steel. Wuhan Iron and steel in the first half net profit of 273 million yuan, down by 47.66%, but compared with the huge losses in 2015 has been significantly improved performance. Baosteel first half net profit of 3 billion 468 million yuan, an increase of 9.25%. Leading enterprises price Lange new research center monitoring data show that as of mid September, Zhejiang, Hubei, Hunan, Shaanxi, Jilin, Gansu, Yunnan province to the advance of the annual production tasks. China Iron and Steel Association Deputy Secretary General Qu Xiuli recently said that the steel industry to resolve excess production capacity will increase, the market supply and demand will be further improved. At present, the social inventory, corporate inventories are at a low level, iron ore, coal prices rose slightly to form the cost of support, conducive to the stability of the steel market, the industry is expected to maintain profitability.相关的主题文章:


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