Since 2017, the market-oriented restructure of domestic steel pipe companies has become one of the important means. With the end of capacity reduction in the 13th five-year plan, China's steel industry is gradually turning to structural reform, and merger and reorganization will usher in the era of large steel enterprises. According to the introduction, at present, the merger and reorganization of steel enterprises is in the depth of development. There are a large number of enterprises are brewing restructuring negotiations.To achieve the goal of 60% concentration of the steel industry by 2025, there will be more large-scale restructuring. Since 2016, China baowu group has been established, then, the news of steel merger and reorganization often appear in the press. Even some local governments issued relevant policies to actively match the merger and reorganization among steel enterprises.
It is worth mentioning that private steel companies have also led a part of the restructuring. Some private China steel tube manufacturers become the model of state-owned enterprises in terms of restructure. Recently, some places have introduced the development planning targets for steel pipe industry like Jiangsu, Shanxi and other places. Among them, by 2020, iron and steel enterprises in hebei will form "2310" industrial pattern, including 2 enterprises with international competitiveness, 3 enterprises with local strength and 10 steel enterprises with characteristics. Jiangsu actively forms the "134" pattern; Shanxi plans to have 10; Sichuan strives to build a powerful and competitive backbone iron with 10,000-ton as well as a total output value of 350 billion yuan. In terms of policies, the 13th five-year plan for upgrading the iron and steel industry clearly requires the continuous upgrading of steel varieties such as hot rolled round steel pipe, quality and service demand.
According to reform policy of supply-side structural as well as the principle of structural adjustment, the means mergers and reorganization should deepen coordinated development for regional layout. In order to reduce energy consumption, reduce pollution emissions, steel pipe suppliers should build a new pattern of steel manufacturing and social harmonious development. Enterprises with conditions should be encouraged to seize the opportunity to carry out mergers and reorganizations with cross-regional and cross-ownership character, and strengthen the integration of resources, which is conducive to balancing the environmental capacity of different regions. At present, China's steel production capacity and capacity utilization rate of rectangular hollow section has basically reached a reasonable range. We should open financing channels to help steel enterprises complete mergers and reorganization.
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Post time: Jun-01-2020
