2016-05-17 15:33

 

Industry: Iron and steel industry, the gradual withdrawal of state-owned assets into an inevitable trend

 

[straight news network Beijing, May 17 news] (economic information daily) the economic reference news reporter on the 16th in the Ninth China International Iron and steel Congress learned that the current international and domestic steel consumption declined and structure of iron and steel industry in China faces imbalance. Insiders pointed out that the future of state-owned capital, private capital and foreign capital in the future of China's iron and steel will be treated equally in terms of market attributes, the industry really entered a full competition period. This means that the proportion of state-owned capital of China's iron and steel industry will further decline.
In the global iron and steel industry overcapacity in the background, China's steel frequently suffered trade protectionism in Europe and america.
China opposes any form of trade protection measures and the export of steel products to the political, expanding." Deputy director of the Ministry of industry and information technology Xin Guobin, 16, made the above statement at the Ninth China International Iron and steel conference.
This year, Europe and the United States trade protection again looked up. April, the U.S. International Trade Commission to apply to the U.S. International Trade Commission, the request for China's exports to the United States carbon steel and alloy steel products filed 337 investigation. After 1 months, the European Union once again proposed to the countervailing investigation Chinese production of hot-rolled coil.
Xin Guobin said that China's steel production in order to meet the domestic demand, but also the world's only to ordinary steel exports take the initiative to take measures to limit the country.
The China Iron and Steel Industry Association, Wuhan Iron and steel (Group) chairman Ma Guoqiang also said that in recent years due to the global economic recovery, rising international steel market demand, enhance the competitiveness of China's steel in the international market, steel exports increased, by 2015, China's steel exports 1.12 million tons, than last year increase of 19.9%, 1278 million tons of steel imports, than last year fell 11.4%, the annual import and export steel converted crude just 1.02 million tons, but only accounted for 12.8% of China's crude steel output in the mainland.
Ma Guoqiang pointed out that China's iron and steel industry has always been to meet the needs of the domestic market mainly, from the policy never encouraged mass in exports of steel products, at the same time, the Chinese 2015 imports of iron ore 9.53 million tons, 4800 million tons of imports of coking coal, to stimulate domestic market commodity production and trade easy to make a contribution to the.
In fact, in the context of the economic slowdown, a substantial decline in the effective demand, the steel industry has a global scope of excess capacity.
The director general of the World Steel Association Edwin Parsons said that the global steel demand into stable period, but the steelmaking capacity investment has continued to expand, resulting in excess capacity, "iron and steel consumption intensity will enter the next wave of downturn."
It is worth noting that, for China's steel overcapacity causes also include the reduction of domestic demand.
State Council Development Research Center of the Ministry of economic affairs, deputy inspector Zhang Liqun said that on the one hand the international market orders, on the other hand, China's internal demand has changed. For example, the major iron and steel consumption of cars and housing in recent years, the growth rate has been significantly decreased.
Data show that China's auto sales between 2002 to 2010, an average annual growth of 24%, but in 2011 to 2014 period, with an average annual growth of only 7%, China's auto sales in 2015 increased by 4.68% over the previous year. In addition, from the housing market, China's urban commercial housing sales area in 2002 to 2009 average annual growth of 19.8%, but in 2010 to 2014, with an average annual growth rate fell to 3.6%.
"China's iron and steel industry is facing an imbalance." Baosteel Group Corporation General Manager Chen Derong said, "13th Five-Year" period is the key period China steel industry structure adjustment.
In addition, Chen Derong believes that from the 2015 industry profit chart can be seen, the state-owned iron and steel capital from the fully competitive industry gradually withdraw from the industry has become an inevitable trend. "The future of China's iron and steel of state-owned capital, private capital and foreign capital in the property market will be treated equally and encouraged by the state private or other properties of the free flow of capital, the industry really into full competition period. This also means that, with the continuation of the state-owned holdings and mixed ownership, the proportion of state-owned capital of China's steel industry will be further decreased." 3
(original title: the industry: the gradual withdrawal of state-owned iron and steel industry into an inevitable trend
Editor: Xiao Shen
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