The reorganization of the country's steel industry has finally opened the curtain.
June 26th, Wuhan Iron and Steel shares, Baosteel shares issued a suspension notice, said the controlling shareholder of Wuhan Iron and Steel Group and Baosteel Group is planning a strategic restructuring. July 2nd, the two companies also issued a suspension notice to continue.
In fact, Wuhan Iron and steel Baosteel restructuring has been a long time, but after the official announcement came out, or in the capital market stirred ripples.
On June 30, chanson capital executive director Shen Meng Changjiang Daily reporter said that compared to the recombination of China "car", "China", "the god boat", Wuhan Iron and steel Baosteel reorganization or has a different path, that is, through the strengthen upstream and downstream end industrial capital tie and PetroChina, COSCO cross shareholdings, through the industry level of bundled collaboration, complementary advantages, behind the excess capacity cut or transfer, at the same time, strengthen the overseas investment and cooperation, and thus enhance the overall competitiveness of China's iron and steel enterprises.
July 1st, Wuhan Iron and Steel Group, an unnamed person on the Yangtze River Daily reporter, said the two major steel enterprises restructuring of the steel industry, the entire steel industry is good, it is worth looking forward to.
Wuhan Iron and steel Baosteel plans to double the suspension
With the support of industrial policy, the "scandal" of the steel and iron is finally expected to go together.
June 26, the Wuhan Iron and Steel shares issued notice of suspension, said received notice of the controlling shareholder of Wuhan Iron and Steel Group: Wuhan Iron and Steel Group and Baosteel Group Co., Ltd. is planning a strategic restructuring, the restructuring plan has not yet been determined, determine the scheme still need to obtain approval of the relevant competent departments. The matter may involve the company's major asset restructuring. At the same time, Baosteel also released the same content of the suspension notice. July 2nd, the two companies have released the suspension notice, and 5 days before the announcement is different, the announcement of the restructuring plan has not been identified, and so on.
In fact, as early as 10 years ago, there is a steel, Baosteel merger rumors, but now it has become a reality.
Public information, before 2005, Wuhan Iron and Steel Group's size is not large, about 900 tons of production capacity. It is from then on, Wuhan Iron and Steel Group embarked on the road of mergers and acquisitions. Year 1 month, Wuhan Iron and Steel Group Hubei and restructuring of steel, 12 months, Wuhan Iron and steel and Guangxi SASAC signed the joint reorganization agreement, after 3 years, Wuhan Iron and steel restructuring in Liugang. In 2007, Wuhan Iron and steel group increased by fixed shares of Kunming Iron and Steel Group 48.41% stake, became the controlling shareholder of the latter.
Public information display, with the series of mergers and acquisitions to promote, Wuhan Iron and Steel Group reached a peak capacity or reached 5000 tons.
After 2008, the steel market into the downstream channel, Wuhan Iron and Steel Group also felt the pressure. Nevertheless, WISCO and Baosteel merger rumors did not cease and with the new chairman Ma Guoqiang arrived, the market is full of expectations for the merger of the two.
Ma Guoqiang 18 years at Baosteel, served as chairman of the group of Wuhan Iron and Steel Group, previously served at the general manager of baosteel.
It is worth mentioning is that in September last year, Wuhan Iron and steel industry bid Baosteel strip steel career ministry of rolling machine roller project means that Wuhan heavy machine manufacturing technology has been recognized by the Baoshan Iron and steel market, which is Wu Gangcheng
Mark of the market of baosteel.
Long rumored reorganization of the scandal is about to become a reality, not only lead to the capital market attention, the restructuring side of this is full of expectations.
June 30th, Wuhan Iron and Steel Group, a party working committee, said the specific restructuring plan, etc. to the company announcement.
In this regard, Wuhan Iron and Steel Group, an internal source said, although the reorganization of the SASAC to promote, but the group is still looking forward to. At present, the group to capacity, transformation and upgrading of the pressure is not small.
In June 30th, Ma Guoqiang was in a special lectures on public mention of Wuhan Iron and steel Baosteel reorganization, said significant. Earlier, for steel enterprises restructuring, Ma Guoqiang had said, in excess of excess capacity in the stage of mergers and acquisitions, mergers may be more just a means, and the purpose of the reorganization is. Prior to the enterprise only focus on mergers, did not do restructuring. Mergers and acquisitions of enterprises due to various reasons for the support of the funds, the result is the more the more the total production capacity of the merger.
Behind the reorganization or is an urgent requirement to the production capacity, quality and efficiency
Baosteel Baosteel restructuring behind, or to production capacity, industrial transformation and upgrading of the urgent requirements.
"Wuhan Iron and steel Baosteel reorganization, I feel a greater degree is to prepare for the future large-scale inventory." On July 1, PrimeCredit securities investment bankers to the Yangtze River Daily reporter said at present, the domestic iron and steel enterprises widespread to capacity pressures, compared to the past and mergers and acquisitions, now the steel enterprise restructuring, especially restructuring of the SASAC pushing, essence is to capacity.
Last March, the Ministry released "iron and steel industry adjustment policy (Draft)" in put forward, by 2025, before 10 steel prices in crude steel production accounted for the proportion of not less than 60%, the formation of three to five has strong competitiveness of super large iron and steel enterprise group in the global range, and a number of regional markets and market segments of leading enterprises.
In February this year, the State Council promulgated the "on the steel industry to resolve overcapacity turnaround development". At present, more and more cities across the country to clear the specific capacity targets. Wuhan Iron and steel, Baosteel also have to go to production capacity requirements.
In late May, released by the World Steel Association, the world iron and Steel Statistics 2016 "data shows, Baoshan Iron and steel production last year crude steel 3493.8 million tons, ranking global fifth top ten iron and steel enterprises, Wuhan Iron and steel crude steel production 2577.6 million tons ranking China top ten iron and steel enterprises in the sixth, with a merger of crude steel production capacity of over 6000 million tons.

In fact, in recent years, overcapacity in the steel industry to bring pressure on the steel prices are still not small. Data show that since last year, the national steel industry into huge losses, hundreds of Large Steel Association

The reorganization of the country's steel industry has finally opened the curtain.
June 26th, Wuhan Iron and Steel shares, Baosteel shares issued a suspension notice, said the controlling shareholder of Wuhan Iron and Steel Group and Baosteel Group is planning a strategic restructuring. July 2nd, the two companies also issued a suspension notice to continue.
In fact, Wuhan Iron and steel Baosteel restructuring has been a long time, but after the official announcement came out, or in the capital market stirred ripples.
On June 30, chanson capital executive director Shen Meng Changjiang Daily reporter said that compared to the recombination of China "car", "China", "the god boat", Wuhan Iron and steel Baosteel reorganization or has a different path, that is, through the strengthen upstream and downstream end industrial capital tie and PetroChina, COSCO cross shareholdings, through the industry level of bundled collaboration, complementary advantages, behind the excess capacity cut or transfer, at the same time, strengthen the overseas investment and cooperation, and thus enhance the overall competitiveness of China's iron and steel enterprises.
July 1st, Wuhan Iron and Steel Group, an unnamed person on the Yangtze River Daily reporter, said the two major steel enterprises restructuring of the steel industry, the entire steel industry is good, it is worth looking forward to.
Wuhan Iron and steel Baosteel plans to double the suspension
With the support of industrial policy, the "scandal" of the steel and iron is finally expected to go together.
June 26, the Wuhan Iron and Steel shares issued notice of suspension, said received notice of the controlling shareholder of Wuhan Iron and Steel Group: Wuhan Iron and Steel Group and Baosteel Group Co., Ltd. is planning a strategic restructuring, the restructuring plan has not yet been determined, determine the scheme still need to obtain approval of the relevant competent departments. The matter may involve the company's major asset restructuring. At the same time, Baosteel also released the same content of the suspension notice. July 2nd, the two companies have released the suspension notice, and 5 days before the announcement is different, the announcement of the restructuring plan has not been identified, and so on.
In fact, as early as 10 years ago, there is a steel, Baosteel merger rumors, but now it has become a reality.
Public information, before 2005, Wuhan Iron and Steel Group's size is not large, about 900 tons of production capacity. It is from then on, Wuhan Iron and Steel Group embarked on the road of mergers and acquisitions. Year 1 month, Wuhan Iron and Steel Group Hubei and restructuring of steel, 12 months, Wuhan Iron and steel and Guangxi SASAC signed the joint reorganization agreement, after 3 years, Wuhan Iron and steel restructuring in Liugang. In 2007, Wuhan Iron and steel group increased by fixed shares of Kunming Iron and Steel Group 48.41% stake, became the controlling shareholder of the latter.
Public information display, with the series of mergers and acquisitions to promote, Wuhan Iron and Steel Group reached a peak capacity or reached 5000 tons.
After 2008, the steel market into the downstream channel, Wuhan Iron and Steel Group also felt the pressure. Nevertheless, WISCO and Baosteel merger rumors did not cease and with the new chairman Ma Guoqiang arrived, the market is full of expectations for the merger of the two.
Ma Guoqiang 18 years at Baosteel, served as chairman of the group of Wuhan Iron and Steel Group, previously served at the general manager of baosteel.
It is worth mentioning is that in September last year, Wuhan Iron and steel industry bid Baosteel strip steel career ministry of rolling machine roller project means that Wuhan heavy machine manufacturing technology has been recognized by the Baoshan Iron and steel market, which is Wu Gangcheng
Mark of the market of baosteel.
Long rumored reorganization of the scandal is about to become a reality, not only lead to the capital market attention, the restructuring side of this is full of expectations.
June 30th, Wuhan Iron and Steel Group, a party working committee, said the specific restructuring plan, etc. to the company announcement.
In this regard, Wuhan Iron and Steel Group, an internal source said, although the reorganization of the SASAC to promote, but the group is still looking forward to. At present, the group to capacity, transformation and upgrading of the pressure is not small.
In June 30th, Ma Guoqiang was in a special lectures on public mention of Wuhan Iron and steel Baosteel reorganization, said significant. Earlier, for steel enterprises restructuring, Ma Guoqiang had said, in excess of excess capacity in the stage of mergers and acquisitions, mergers may be more just a means, and the purpose of the reorganization is. Prior to the enterprise only focus on mergers, did not do restructuring. Mergers and acquisitions of enterprises due to various reasons for the support of the funds, the result is the more the more the total production capacity of the merger.
Behind the reorganization or is an urgent requirement to the production capacity, quality and efficiency
Baosteel Baosteel restructuring behind, or to production capacity, industrial transformation and upgrading of the urgent requirements.
"Wuhan Iron and steel Baosteel reorganization, I feel a greater degree is to prepare for the future large-scale inventory." On July 1, PrimeCredit securities investment bankers to the Yangtze River Daily reporter said at present, the domestic iron and steel enterprises widespread to capacity pressures, compared to the past and mergers and acquisitions, now the steel enterprise restructuring, especially restructuring of the SASAC pushing, essence is to capacity.
Last March, the Ministry released "iron and steel industry adjustment policy (Draft)" in put forward, by 2025, before 10 steel prices in crude steel production accounted for the proportion of not less than 60%, the formation of three to five has strong competitiveness of super large iron and steel enterprise group in the global range, and a number of regional markets and market segments of leading enterprises.
In February this year, the State Council promulgated the "on the steel industry to resolve overcapacity turnaround development". At present, more and more cities across the country to clear the specific capacity targets. Wuhan Iron and steel, Baosteel also have to go to production capacity requirements.
In late May, released by the World Steel Association, the world iron and Steel Statistics 2016 "data shows, Baoshan Iron and steel production last year crude steel 3493.8 million tons, ranking global fifth top ten iron and steel enterprises, Wuhan Iron and steel crude steel production 2577.6 million tons ranking China top ten iron and steel enterprises in the sixth, with a merger of crude steel production capacity of over 6000 million tons.
In fact, in recent years, overcapacity in the steel industry to bring pressure on the steel prices are still not small. Data show that since last year, the national steel industry into huge losses, hundreds of Large Steel Association