Hebei Iron and steel again raises the tide of inte

2022-08-23
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Action frequency of iron and steel province Hebei Iron and steel again raises the tide of integration

action frequency of iron and steel province Hebei Iron and steel again raises the tide of integration

China Construction machinery information

Guide: it is expected that before the 1351 new material engineering year is formulated, Xuanhua Iron and steel, Wugang and Tangshan Iron and steel stainless steel will be injected into Hebei Iron and steel as a major iron and steel province. In recent years, its iron and steel enterprise mergers and acquisitions have been at the forefront. Hebei Province recently issued the "implementation opinions of the people's Government of Hebei Province on promoting enterprise merger and reorganization", which put forward that

in addition, it is expected that before 2013, Xuanhua Iron and Steel Co., Ltd., Wugang iron and Steel Co., Ltd. and Tangshan Iron and Steel Co., Ltd. will inject stainless steel into Hebei Iron and Steel Co., Ltd.

as a major iron and steel Province, Hebei has been in the forefront of mergers and acquisitions of its iron and steel enterprises in recent years

Hebei Province recently issued the "implementation opinions of the people's Government of Hebei Province on promoting enterprise mergers and acquisitions", which proposed that by 2015, the number of iron and steel enterprises with smelting capacity in Hebei will be integrated to about 15; The top 10 iron and steel enterprises in the province will strive to account for more than 75% of the total production capacity of the province. Industry insiders believe that the trend of iron and steel restructuring in Hebei Province is resurgent. Under financial pressure, Hebei Iron and Steel Group, as the pacesetter of iron and steel restructuring in Hebei Province, is likely to inject Hebei Iron and steel through additional issuance. It is expected that Xuangang, Wugang and Tanggang stainless steel will be injected into Hebei Iron and steel before the beginning of 2013

Jia Yinsong, director of the Department of raw materials of the Ministry of industry and information technology, said at the third steel enterprise development strategy seminar on July 14 that during the "12th Five Year Plan" period, advantageous large steel enterprise groups will be supported to carry out cross regional and cross ownership mergers and acquisitions, and local governments will be encouraged to promote the mergers and acquisitions of local steel enterprises

as an enterprise with 88 smelting capacity and 41 Enterprises with a scale of more than 1million tons of steel, the merger and reorganization of Hebei Province has sounded the charge

it is reported that the enterprises leading the restructuring of Hebei Iron and steel mainly include Hebei Iron and Steel Group, Tangshan Bohai iron and Steel Group, Tangshan Great Wall iron and Steel Group, Hebei xinwu'an iron and Steel Group, Hebei Jinxi iron and Steel Co., Ltd., Hebei Zongheng iron and Steel Group Co., Ltd. Among them, Tangshan Bohai Steel Group is formed by the integration of 12 private steel enterprises. Tangshan Great Wall Steel Group is formed by 27 private mining, steel, coking and logistics enterprises. Hebei Jinxi iron and Steel Co., Ltd. is the core asset of China Eastern Group, which is shared by ArcelorMittal, the world's largest steel enterprise. Hebei Zongheng iron and Steel Group Co., Ltd. is also a foreign-funded joint venture

Hebei Iron and Steel Group is still not sure that it is the largest state-owned iron and steel enterprise in Hebei Province after the merger of Tanggang, Hangang and Chenggang, and its merger and reorganization has become a benchmark in the market

according to the "12th Five Year Plan" of Hebei Iron and Steel Group, the iron ore production capacity will reach 35million tons during the "12th Five Year Plan", which is about 4 times higher than the current one, and the self-sufficiency rate of iron ore will increase to 40%. The operating revenue reached 400billion yuan, an increase of more than 90% over 2010

since this year, Hebei Iron and steel has increased its acquisition of mineral resources. Recently, Hebei Iron and Steel Group signed an integration agreement with Bixi mining company in Laiyuan Dawan molybdenum mining area. So far, Hebei Iron and Steel Group has completed the integration of mineral resources of 9 private enterprises in Dawan molybdenum mining area. It is understood that at present, Hebei Iron and Steel Group is accelerating the integrated development of Muji village copper mine, Zhijiazhuang iron mine and Kamba Ling lead-zinc mine. According to the plan, during the 12th Five Year Plan period, Hebei Iron and Steel Group will form a smelting capacity of 100000 tons of zinc, 100000 tons of copper and 10000 tons of molybdenum in Hebei Metallurgical Industrial Park; The annual production capacity of 45000 tons of zinc concentrate, 12000 tons of molybdenum concentrate, 48000 tons of copper concentrate and 1million tons of iron concentrate will be formed in Laiyuan area. The acceleration of the integration of mineral resources in Laiyuan area will effectively promote the major transformation of Hebei Iron and steel group from single mineral development to multi mineral development

analysts believe that according to the 12th Five Year Plan of Hebei Iron and steel, to achieve the group's strategic goal of producing 35million tons of iron ore per year, a large amount of capital investment is required. At present, the company's asset liability ratio is high, and it is unlikely to take out "true 1, basic environment gold and silver" to repurchase. Therefore, the group is very likely to obtain funds through additional issuance and injection into Hebei Iron and steel

the analyst believes that the injection plan is expected to be introduced before Tanggang's debt to equity swap, that is, before the end of 2012. In terms of mode selection, first, directly inject part of the assets of Hebei Iron and Steel Group Mining Company into the listed company; second, the relevant mineral resources are packaged with Xuangang, Wugang and Tanggang stainless steel and injected into the listed company once or several times. In this way, in addition to successfully realizing the debt to equity swap of Tanggang, it can also fulfill the commitment to inject Xuangang, Wugang and Tanggang stainless steel into the listed company

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