Steel companies restructuring supporting policies is not enough to "local joint

At present China's steel industry production, enterprises, liabilities, competition, merger and reorganization of enterprises such as norm, industry pundits, merger and reorganization of China's steel industry will become the future of one of the important ways. But recently, wisco, liuzhou iron &steel group co.are presented.the parted company also can not help but make people reconsider: how can China's iron and steel enterprise restructuring, to achieve the benefit maximization, restructuring of what problem should note? To this, reporter interviews the complete linkage, honorary President of small and medium-sized metallurgical enterprise chamber of commerce in the original Zhao Xizi.

Zhao Xizi told reporters that about encouraging steel mills have already mergers and reorganization of the policy, can be traced back to at least ten years ago, including the national development and reform commission, the ministry, the ministry of finance and other ministries and commissions, as well as the cisa, metallurgy chamber of commerce and industry associations are calling for steel mills merger and reorganization. But in the past decade, China's steel industry concentration degree not only didn't improve down instead, discrete degree is more and more big, suggests that steel industry merger and reorganization is very difficult.

Zhao Xizi thinks, appear this important reason is that although there are policies to encourage, but there is no specific the implementation of the measures. On the basis of the existing policy, there should be supporting policies such as land, taxation, financing and exit channel.

Large iron and steel enterprises in the process of mergers and acquisitions of other companies, have to come up with a certain amount of money, but also eliminated the merged enterprise backward equipment, in order to reduce the loss on mergers and acquisitions, corporate mergers and acquisitions may need to be part of the conversion of land resources for business development, but it is facing the limitation of land property transformation, because before belong to industrial land. Similar this kind of situation, it needs to land policy support, involving the department of land and resources. "Tax policy was leading enterprise mergers and acquisitions can consider to give three to five years of tax cuts, a policy that involves the tax department; and the financing policy, looked at the big Banks, if the bank says for steel enterprises to give new loans, so companies will be very difficult." Zhao Xizi told reporters that these policies involving multiple departments, if there is no supporting policy implementation, enterprise how to merger and reorganization?

For the current hot rumours of a merger with baosteel, wisco Zhao Xizi also have their own views. He said to the reporter, bao wu merger is almost impossible. "Like anshan and benxi steel, because in the same place, it is the most conditions of enterprise, but even so, also is because a state, a local state-owned enterprises, cause so far no combined. And baosteel and wuhan, one in Shanghai in hubei, cross-regional merger is more difficult."

In the "daily economic news" reporter interviewed a number of iron and steel industry, said the treasure force merge, but, in contrast, the attitude of the brokerage is a far more active. Sinolink securities pointed out that, for example, wuhan, baosteel after merger "profitable" - a consortium of silicon steel in the domestic market share will reach 85%, the future of the two companies in the field of silicon steel will eliminate competition relations, is conducive to product prices; Bao wu merger can also solve the vicious competition, promote the notion of upstream and downstream, and the integration demonstration effect on local state-owned enterprises; To accelerate the industry reshuffle, improve industry competition pattern.

So what mills reorganization is the receipt? Zhao Xizi think about it, important steel-producing should in provincial city to promote the joint reorganization, along this line of thinking, the hebei province and Shanghai municipal state-owned steel enterprise restructuring is more successful.

Zhao Xizi thinks, in addition to the places, distribution in other parts of the large state-owned iron and steel enterprises are basically completed the annexation and reorganization of the region, is also a more successful, such as Inner Mongolia baotou, shanxi taigang, hubei wuhan.

Zhao Xizi told reporters that the related ministries and commissions are calling for steel enterprise merger and reorganization, association, established the general idea is three to five super large state-owned iron and steel enterprise, also set up 10 local large-scale iron and steel enterprise, such large steel enterprises can account for 85% of China's steel production, he also agreed to this appeal. "The iron and steel industry in China must be a combination of medium to provinces, as the basic unit to form a number of large group, at the same time as you can see, a lot of special steel enterprises are small, (but profit ability is very good), so steel companies restructuring is not the larger, stronger, the better equipped." Zhao Xizi finally added.