Starting from July 20th, the steel industry will officially own its own administrative regulations "Steel Industry Development Policy"? It is understood that the iron and steel policy is the second national industrial development policy drafted by the National Development and Reform Commission and reviewed by the State Council after the "Automobile Industry Development Policy."
The steel policy is clear, and the development of the steel industry should be based on meeting the needs of the domestic market. Therefore, in many chapters, the approval of new enterprises has been restricted.
The industrial policy clearly stipulates that in principle, new steel joint ventures, independent ironworks and steel mills will not be built separately in principle, and independent rolling mills will not be advocated. They must rely on existing enterprises with conditions to combine mergers and acquisitions. Renovation and expansion in areas with comparative advantages such as water resources, raw materials, transportation, and market consumption. The new production capacity should be combined with the elimination of backwardness. In principle, the steel production capacity will not be greatly expanded.
The steel policy has negated the practice of many private small steel mills. In addition, the steel policy has also clearly stated in the investment funds: the construction of iron-making, steel-making, steel-rolling and other projects, the proportion of self-owned funds must reach 40% and above. In the period when the country just started to regulate the steel industry last year, the ratio was only 25%.
China is the largest country in steel production, but compared with foreign countries, the concentration of domestic steel mills is extremely low. At present, only two steel companies with an annual output of 10 million tons of crude steel in China are Baosteel and Angang. There are 15 enterprises with a national output of more than 5 million tons, accounting for only 45% of the national steel output. Therefore, the steel policy clearly proposes to support and encourage large-scale enterprise groups with conditions to carry out cross-regional joint restructuring: by 2010, the number of steel smelting enterprises should be greatly reduced, and the top ten steel enterprises in China rank steel production. The proportion of the national production should reach more than 50%; in 2020, it will reach more than 70%. By 2010, it is necessary to form two large-scale enterprise groups of 30 million tons and several 10 million tons of internationally competitive enterprises.
For the existing steel enterprises to invest in the construction of steel joint venture projects across regions, the steel policy stipulates that the steel output of the general steel enterprises in the previous year must reach 5 million tons and above, and the output of special steel enterprises should reach 500,000 tons and above.
The iron and steel policy stipulates that large-scale iron and steel enterprises should be mainly distributed in coastal areas from the perspective of ore, energy, resources, water resources, transportation conditions and domestic and foreign markets; steel enterprises in inland areas should combine the local market and ore resources to produce minerals. Important environmental protection zones, severely water-deficient areas, and large urban areas will no longer expand the production capacity of iron and steel smelting.
In fact, the trend of domestic steel mills in port construction has begun to show: Baosteel, which was built in coastal areas, is a turning point in the structural changes in the domestic steel industry; the newly approved Shougang relocation plan will also move Shougang to Xingang in Tanggu. At the end of last year, WISCO also signed an agreement with the Guangxi Zhuang Autonomous Region government to build a 10 million-ton steel plant in Fangchenggang. Guangzhou Iron and Steel also plans to relocate to Nansha in the next 10 years and establish 10 million yuan. Nansha Linhai Iron and Steel Industrial Base.
In the steel policy, it also stipulates that overseas steel companies must invest in China's steel industry, and must have independent intellectual property rights technology, and the output of ordinary steel in the previous year must reach 10 million tons or the output of high-alloy special steel reaches 1 million tons. When overseas enterprises invest in the domestic steel industry, they must implement the transformation and relocation of existing steel enterprises in the country, and do not deploy new points.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.
From: China Urban and Rural Financial News
The steel policy is clear, and the development of the steel industry should be based on meeting the needs of the domestic market. Therefore, in many chapters, the approval of new enterprises has been restricted.
The industrial policy clearly stipulates that in principle, new steel joint ventures, independent ironworks and steel mills will not be built separately in principle, and independent rolling mills will not be advocated. They must rely on existing enterprises with conditions to combine mergers and acquisitions. Renovation and expansion in areas with comparative advantages such as water resources, raw materials, transportation, and market consumption. The new production capacity should be combined with the elimination of backwardness. In principle, the steel production capacity will not be greatly expanded.
The steel policy has negated the practice of many private small steel mills. In addition, the steel policy has also clearly stated in the investment funds: the construction of iron-making, steel-making, steel-rolling and other projects, the proportion of self-owned funds must reach 40% and above. In the period when the country just started to regulate the steel industry last year, the ratio was only 25%.
China is the largest country in steel production, but compared with foreign countries, the concentration of domestic steel mills is extremely low. At present, only two steel companies with an annual output of 10 million tons of crude steel in China are Baosteel and Angang. There are 15 enterprises with a national output of more than 5 million tons, accounting for only 45% of the national steel output. Therefore, the steel policy clearly proposes to support and encourage large-scale enterprise groups with conditions to carry out cross-regional joint restructuring: by 2010, the number of steel smelting enterprises should be greatly reduced, and the top ten steel enterprises in China rank steel production. The proportion of the national production should reach more than 50%; in 2020, it will reach more than 70%. By 2010, it is necessary to form two large-scale enterprise groups of 30 million tons and several 10 million tons of internationally competitive enterprises.
For the existing steel enterprises to invest in the construction of steel joint venture projects across regions, the steel policy stipulates that the steel output of the general steel enterprises in the previous year must reach 5 million tons and above, and the output of special steel enterprises should reach 500,000 tons and above.
The iron and steel policy stipulates that large-scale iron and steel enterprises should be mainly distributed in coastal areas from the perspective of ore, energy, resources, water resources, transportation conditions and domestic and foreign markets; steel enterprises in inland areas should combine the local market and ore resources to produce minerals. Important environmental protection zones, severely water-deficient areas, and large urban areas will no longer expand the production capacity of iron and steel smelting.
In fact, the trend of domestic steel mills in port construction has begun to show: Baosteel, which was built in coastal areas, is a turning point in the structural changes in the domestic steel industry; the newly approved Shougang relocation plan will also move Shougang to Xingang in Tanggu. At the end of last year, WISCO also signed an agreement with the Guangxi Zhuang Autonomous Region government to build a 10 million-ton steel plant in Fangchenggang. Guangzhou Iron and Steel also plans to relocate to Nansha in the next 10 years and establish 10 million yuan. Nansha Linhai Iron and Steel Industrial Base.
In the steel policy, it also stipulates that overseas steel companies must invest in China's steel industry, and must have independent intellectual property rights technology, and the output of ordinary steel in the previous year must reach 10 million tons or the output of high-alloy special steel reaches 1 million tons. When overseas enterprises invest in the domestic steel industry, they must implement the transformation and relocation of existing steel enterprises in the country, and do not deploy new points.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.
From: China Urban and Rural Financial News
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