In recent years, the country has continuously strengthened structural adjustments to the iron and steel industry, backward production capacity has been gradually eliminated, advantageous enterprises have been merged and reorganized, and industrial concentration has increased day by day. In the past five years, under the dual impetus of supply-side structural reforms and state-owned enterprise reforms, the steel industry has gradually accelerated mergers and reorganizations. After the consolidation and reorganization of large enterprises across the country, the concentration of regional industries has increased and the layout has begun. In early August, steel companies such as Xintian Steel, Shagang, Jiujiang, Puyang, and Jinan Iron and Steel accelerated their merger and reorganization process, with a view to making their companies bigger and stronger by concentrating resources, complementing each other’s advantages, and combining strong forces.
Mixed reform and integration of 5 companies, Xintian Steel Decai Technology Group unveiled
On August 10, Tianjin Xintian Steel Decai Technology Group Co., Ltd., a subsidiary of Xintian Steel Group (sub-group), was inaugurated, marking that Xintian Steel Group has embarked on a new journey of high-quality and leap-forward development of mixed reform.
Decai Technology Group integrates the five production entities of Xintian Steel Group’s cold-rolled sheet, cold-rolled plate industry, Tiancai Technology, Zhongxing Shengda, and steel wire and cable. ), nuclear power steel strands and other high-end competitive products. Cold-rolled sheet industry, Tiancai Technology, and Zhongxing Shengda are national high-tech enterprises. Cold-rolled sheet is an important plate production base in northern my country, and steel wire and cable is Tianjin The chairman unit of the Municipal Wire Products Industry Association. Since the mixed reform, with the support and help of the local governments, the cadres and employees of the five entities have been determined to forge ahead and work hard. The reform has achieved remarkable results, and the business performance has made a historic leap.
Shagang successfully acquired Anyang Huacheng Bosheng and Huixin Special Steel
On August 3, with the successful formal signing of Shagang Yongxing Special Steel Company’s acquisition of Huixin Special Steel’s production capacity, it marked the company’s comprehensive completion of the steel integrated production capacity acquisition phase and took the lead in the integration and reorganization of some private steel companies in Anyang City. Took a solid step.
In accordance with the overall deployment and related requirements of the Anyang Municipal Party Committee, the Municipal Government, the Yindu District Party Committee and the District Government, Shagang Yongxing Special Steel Co., Ltd. actively and coordinately promoted the integration and reorganization of steel production capacity and project planning and construction. The acquisition of the production capacity of the two private enterprises, Huacheng Bosheng Steel Co., Ltd. and Anyang Huixin Special Steel Co., Ltd., is tentatively planned to start construction in October this year, and it will be fully completed and put into operation by the end of 2023.
In the next step, Shagang Yongxing Special Steel Company will focus on the transformation and upgrading of the iron and steel industry in Henan Province and the relevant requirements of Anyang Municipal Government to promote the integration and reorganization of the iron and steel industry, accelerate the construction of planned projects, and implement green production, large-scale equipment, and intelligent enterprise Upgrade and reform, and strive to build Shagang Yongxing into an internationally advanced, domestic first-class, high-quality special steel production base with strong competitiveness and influence in the Central Plains.
Jiujiang Wire and Tangshan Delong reached a strategic cooperation
According to Delong Group news, Tangshan Delong Iron & Steel Co., Ltd. and Qian’an Jiujiang Wire Rod Co., Ltd. recently reached a strategic cooperation agreement. This cooperation will enable the two parties to form a strong alliance in the production and sales of wire materials and welding materials. At the same time, it will also lay a solid foundation for the two parties to further participate in the integration of iron and steel resources in the Tangshan region, and strengthen the company’s market voice and competitiveness in the region.
In the next step, Shagang Yongxing Special Steel Company will focus on the transformation and upgrading of the iron and steel industry in Henan Province and the relevant requirements of Anyang Municipal Government to promote the integration and reorganization of the iron and steel industry, accelerate the construction of planned projects, and implement green production, large-scale equipment, and intelligent enterprise Upgrade and reform, and strive to build Shagang Yongxing into an internationally advanced, domestic first-class, high-quality special steel production base with strong competitiveness and influence in the Central Plains.
Jiujiang Wire and Tangshan Delong reached a strategic cooperation
According to Delong Group news, Tangshan Delong Iron & Steel Co., Ltd. and Qian’an Jiujiang Wire Rod Co., Ltd. recently reached a strategic cooperation agreement. This cooperation will enable the two parties to form a strong alliance in the production and sales of wire materials and welding materials. At the same time, it will also lay a solid foundation for the two parties to further participate in the integration of iron and steel resources in the Tangshan region, and strengthen the company’s market voice and competitiveness in the region.
The iron and steel industry is an important basic industry in the national economy. The mergers and acquisitions of iron and steel enterprises are conducive to increasing the degree of concentration, and the increase of concentration is beneficial to the optimization of the industry structure and the regulation of market circulation order; the second is to the total production capacity of the industry. Control; Third, it is conducive to reducing industry carbon emissions through economies of scale. Therefore, the steel industry is bound to accelerate its transformation and upgrading, accelerate the pace of mergers and reorganizations, eliminate backward steel companies that are not up to environmental protection standards, vigorously develop a circular economy, and promote the overall development of the steel industry.