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Saddle Of The Restructuring This Year, 42 Million Tons Of "big Angang," Seems Ready

"Saddle this year, the co-operation progress?" For the reporter's question, National People's Congress of Liaoning Provincial Party Secretary Wang Min neat answer: there will be a major breakthrough! Meanwhile, the National People's Congress, Zhang, general manager of Anshan Iron and Steel Group, recently told reporters that in the Liaoning provincial government, driven by Anshan and Benxi Iron and Steel, the strategic cooperation between the Northeast Special Steel will have a substantial progress this year.

In addition, the National People's Congress, in the days of Benxi Iron and Steel Group Chairman Chen also said that reorganization is the trend, "I personally feel that no major difficulties."

Reporter tracking data show that, if successful reorganization, and Panzhihua in this saddle, Northeast Special Steel and Steel Ling formed after merger of Anshan Iron and Steel Group, a large will exceed 42 million tons of crude steel production over Hebei Iron and Steel Group to become the leader in domestic steel prices.

Re about to break big Angang substantive issues

At present, China's steel industry has shown a large group Dingli trend. Hebei Iron and Steel Group restructuring, the crude steel production became the first country, the traditional "Po Mo saddle" sort has changed, the pressure of Angang becoming increasingly apparent. "Promote the saddle this and Panzhihua, Northeast Special Steel Joint restructuring" also has entered the provincial government's attention.

China Steel Association statistics show that in 2009, Anshan Iron and Steel's crude steel output of 20.13 million tons, Benxi Iron and Steel crude steel production was 9.06 million tons, Northeast Special Steel crude steel production was 1.6 million tons. Coupled with increases in Panzhihua Iron and Steel Angang recombinant production of 8.18 million tons and 3.07 million tons Ling Steel Group production, the combined annual output will reach a large Angang 42.04 million tons of crude steel.

Miao Wei, vice minister of Ministry of Industry have announced their intention to encourage the development of a national output of 3-5 or more in 50 million tons of internationally competitive large enterprise groups. This reporter learned that the club into the giant steel enterprises will enjoy a series of supportive measures, including the release of construction investment projects, resources, priority configuration.

This is perhaps the reason is the number of giant sit still. Economic Development of China's metallurgical industry, deputy director of Liu Haimin 认为, "national proactively promote a number of major restructuring of the project, will create an atmosphere and pressure. People Jinan Steel, Laiwu Steel are consolidated, you'll go it alone sit not live. "

Saddle of the restructuring: leading card for many years not to marry

China Securities Journal reporter learned that the saddle a long history of the reorganization of the idea of fact. August 16, 2005, in various ministries of the United match, the saddle, the Group was formally established and set up the saddle of the reorganization of the Board to promote the reorganization of the Commission as a consultative body of the two sides.

"Anshan Iron and Steel in the saddle of this restructuring process has been very positive, the saddle of this restructuring to lead mainly by the Anshan Iron and Steel, but the Benxi Iron and Steel not to be enthusiastic." CITIC Securities chief economist week the Greek steel industry by accepting an interview with the China Securities Journal said.

Unfortunately, after listing, Anshan and Benxi Iron and Steel is still fragmented, constantly expanding the production scale, improve productivity. October 2005, Anshan Iron and Steel Group to be listed first. Followed the end of 2006, Benxi Iron and Steel Group has completed the listing of the main industry as a whole.

Four and a half later, just hang Anshan Benxi Iron and Steel Group, a saddle brand, the merger about the financial statements, substantial restructuring process has not started.

Government should play a leading role to promote the re-

What is the resistance which resulted in the saddle of the restructuring process dragged on it?

"My steel mesh" advisory director Xu Xiangchun that "the fundamental reason is that local and central government tax revenue, personnel placement and other specific interests of not working together lead to the. An enterprise Suozhu relations in different subject can lead to coordinate together smoothly as Xiang, Hebei Province."

Greek Week is also growing that the ex post GDP and tax revenue of local governments will be greatly affected, and some iron and steel projects have been a great investment, some local governments do not want this project to other interested parties. "If the local government support, mergers and acquisitions can be accelerated, such as Hebei and Shandong Iron and Steel Integrated steel. If the Government is determined, on interests not so hard good, fiscal policy can be a powerful lever for restructuring and important tool." Growth, said Zhou Xi .

"Hands-on integration of the earliest but there is no progress, this reasonable?", Who Angang steel expert Ma & P noted that the saddle of this reorganized difficult to reflect the institutional roots, but also understanding of ambiguity, under the old system retained many obstacles to block the relevant parties things forward.

Hebei Iron and Steel, for example, the re-experiencing the "five on the looked" complicated process, many of the specific work by the Hebei provincial government came forward. River Steel Group Chairman Yi-Fang Wang said with deep feeling: "There is no government help, market forces alone, simply can not be reorganized."

"Anshan and Benxi Iron and Steel of the government-led restructuring of the beginning, and may still need the government to continue to promote. Maybe after the introduction of steel mergers and acquisitions regulations, the saddle of this restructuring is expected to break the silence." Growth, said Zhou Xi.

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