The most popular Zhanjiang 5million ton steel proj

2022-07-23
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Zhanjiang 5million ton iron and steel project starts Baosteel's reorganization and meets with obstacles, It has entered the substantive operation stage, and the 5million ton steel project in Zhanjiang has been launched. This project with an estimated total investment of 35billion yuan will eliminate backward steel in the country

after two years, Guangdong iron and Steel Group and Baosteel Group simultaneously announced that Baosteel had made new progress in restructuring and integrating Guangdong iron and steel industry, and had entered the substantive operation stage. The 5million ton steel project in Zhanjiang was launched. This project with an estimated total investment of 35billion yuan may accelerate in the context of national elimination of backward steel production capacity and cross regional restructuring of steel enterprises

On the 12th, the Guangdong Provincial Development and Reform Commission and Guangdong iron and Steel Group jointly announced that in accordance with the requirements of relevant national industrial policies, Guangdong Province will eliminate 15million tons of steel production capacity in the province, implement the environmental relocation of Guangzhou Iron and steel, and build a 5million tons of high-quality steel and iron base in Zhanjiang. The total investment of the project is about 35billion yuan. The product is positioned as the high-grade carbon steel plate urgently needed in Guangdong

on the same day, Baosteel Group announced that Baosteel has made new progress in restructuring and integrating Guangdong's iron and steel industry, and has entered the substantive operation stage. Li miaojuan, director of Guangdong Provincial Development and Reform Commission, said that Guangdong iron and steel group would follow the practice of relocation of steel plants in other cities in China, eliminate the 3.5 million tons of steel production capacity of Guangzhou Iron and Steel Group and the 1.5 million tons of backward steel production capacity of Shaoguan Iron and steel group based on the elimination of 10million tons of steel production capacity in Guangdong Province, implement the environmental relocation of Guangzhou Iron and Steel Group, and build a 5million tons of high-quality steel base in Zhanjiang. The construction period of the project is 3 years. The project construction will be started within this year, and the production capacity will not be formed within the planning period (years) of the national steel industry adjustment and revitalization plan

after two years of preparation for the project, we know that the development of Zhanjiang steelmaking project of Baosteel Group can be described as twists and turns. As early as june28,2008, Baosteel, the state owned assets supervision and Administration Commission of Guangdong Province and the state owned assets supervision and Administration Commission of Guangzhou Municipality jointly funded the establishment of Guangdong iron and Steel Group Co., Ltd. the newly established Guangdong iron and Steel Group has a registered capital of 35.86 billion yuan and is registered in Guangzhou

is there a bubble in the quantitative management? Baosteel Group invested 28.688 billion yuan in cash, holding 80% of the shares; The state owned assets supervision and Administration Commission of Guangdong Province and the state owned assets supervision and Administration Commission of Guangzhou Municipality respectively contributed 7.172 billion yuan of state-owned net assets of Shaogang group and Guanggang group, with a combined shareholding of 20%. According to the investment, the shareholders of Guangdong iron and Steel Group are Baosteel Group, Guangdong SASAC and Guangzhou SASAC. Shaogang group and Guanggang group are its wholly-owned subsidiaries. In March2008, the national development and Reform Commission approved Zhanjiang project to carry out preliminary work

a person familiar with the matter disclosed to me that the Zhanjiang project, which seems to have been successful in the past two years, has hit "Cheng Yaojin" halfway. Unexpectedly, the financial crisis swept the world in the second half of 2008, and the global demand for steel fell. Then in 2009, the national development and Reform Commission, together with the Ministry of industry and information technology, the Ministry of finance, the CBRC and other 10 ministries and commissions, jointly issued the notice of the State Council on Approving and transmitting the opinions of the development and Reform Commission and other departments on curbing overcapacity and redundant construction in some industries and guiding the healthy development of industries. The iron and steel industry took the lead, "The launch of the Zhanjiang project at that time may have a certain impact on the adjustment of economic structure. The national development and Reform Commission suspended the approval of the Zhanjiang project, which increased the uncertainty of the approval of the Zhanjiang project." The above-mentioned people familiar with the matter said that the delay was almost two years

Baosteel needs to overcome two obstacles in restructuring Guanggang.

with the improvement of the macroeconomic situation, the iron and steel industry will usher in a new development cycle, and the situation is developing in a favorable direction for Baosteel. On April 6 this year, the notice of the State Council on Further Strengthening the elimination of backward production capacity that will affect the application life of the device was officially issued. The country attaches great importance to the elimination of backward production capacity and has great determination. With the progress of the elimination of backward production capacity, the excess capacity of steel and iron will be restrained, and the cross regional restructuring will be strongly supported by the government

however, insiders also said that so far, Shaogang and Guanggang have not been included in the consolidated statements of Baosteel, and the production and operation indicators of Guanggang are still issued by Guangzhou SASAC

Xu Li of Lange Iron and Steel Information Research Center pointed out that Baosteel still needs to overcome two hurdles in restructuring Guanggang and Shaogang. First, the Zhanjiang project has not obtained the "birth permit", and the national development and Reform Commission has not officially approved the Zhanjiang project. Second, the restructuring of Baosteel, Guangzhou Iron and Steel Co., Ltd. and Shaoguan Iron and Steel Co., Ltd. has made slow progress. The environmental relocation project of Guangzhou Iron and Steel Co., Ltd. in Zhanjiang includes the elimination of 10million tons of backward production capacity of small iron and steel enterprises in Guangdong Province and 5million tons of backward production capacity of Guangzhou Iron and Steel Co., Ltd. and Shaoguan Iron and Steel Co., Ltd. the elimination of 20million tons of backward production capacity will directly affect the speed of environmental. At the same time, the resettlement of personnel in the process of relocation is also a practical problem before the Guangdong provincial government and Baosteel

he pointed out that as a major project in the iron and steel industry, the Zhanjiang project will play a positive role in promoting the elimination of backward production capacity, structural adjustment, industry concentration, energy conservation and emission reduction and other key issues in the iron and steel industry. The Guangdong provincial government and Baosteel need to work together to speed up the construction of the whole project under the condition of meeting the national industrial policies

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