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Since May, the rise in commodity prices has caused market focus. Among them, the continuous surge in steel prices has attracted much attention. How much did the price of steel go up? What caused the increase in steel prices? What will happen to steel pric

Time : 2021-05-04 Hits : 76

In recent years, the domestic iron and steel industry is accelerating mergers and acquisitions. Recently, news of Shagang Group's plan to restructure Angang Group and Angang Group's plan to reorganize Bengang Group has spread.

Shell Finance previously reported that when Ding Liguo mentioned the structure of the steel industry in a speech last November, the proportion of private enterprises in the steel industry has risen to 60%; with the advancement of mixed ownership reform, private enterprises have participated in the reform of some state-owned enterprises. Such as Bo Steel, Northeast Special Steel, etc., have increased the scale of private enterprises.

As for the future pattern of iron and steel enterprises, Ding Liguo said that there will be 3-4 leading enterprises in the 80 million-ton level industry, 6-8 leading enterprises in the 40 million-ton level specialized industry, large regional leading enterprises and medium-sized enterprises. Small regional supporting enterprises.

In the context of ever-increasing concentration of the industry, one of the development directions that Ding Liguo focuses on is in overseas markets. In early May, when Ding Liguo participated in the event, he answered questions from the media and said that to be a global enterprise, although the current proportion of overseas income is not very high, "but you ask me again in five years, overseas income will definitely reach 50%."

Delongs overseas layout in recent years has focused on the Dexin project in Indonesia. The project was put into construction in April 2018 and put into operation in March 2020. The first phase of the expansion project is expected to be put into operation at the end of 2021, when the projects steel production capacity will reach 6 million tons/ year. In October 2020, Delong signed an agreement of intent with the Indonesian government, and the production capacity of Dexin Steel Project in Indonesia will gradually expand to 20 million tons per year. Equiped with domestic & international advance technology roduction and inspection facilities, our factory is strictly following up ISO quality management system and international standard & regulation under the leadership of professional engineers and production team.

At the Delong Groups annual management meeting held in January this year, Ding Liguo said that overseas is the direction of Delongs development during the "14th Five-Year Plan" period. In the next five years, overseas will reach 20 million tons of steel, 10 million tons of coke, and 10 million. Tons of cement scale.

In addition, some industry voices pointed out that in the future, with the slowdown of the macroeconomic pull of the economy, my country's export tax rebate adjustment policy will gradually take effect, domestic supply will increase, and steel prices will gradually return to a reasonable range.

In terms of the construction of equity mines, Chinese mining companies can consider from multiple perspectives such as long-term strategy, low-cost strategy, diversification strategy and overall strategy, adopt a variety of overseas investment models, and be alert to multiple risks such as resources, politics, labor, and the environment.

 


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