Five families competing against 09 steel: steel enterprises in the north may be the first to fall – steel, Baosteel, steel – iron and steel industry
Steel industry a few years, "pet" of the situation gradually into the Spring and Autumn Warring States Period. The system has become increasingly clear is that the background of state assets "five families" looming.
Conditions are: 12 steel enterprises in less than 1 billion in cash
In fact, most of the past, the integration of iron and steel industry is the transfer of state assets as a means for the. Day laborers from the December 12 letter of Minister Li Yizhong signal has been issued a policy statement. The local governments are also very enthusiastic. The most direct terms, the steel side of the bear market finally entrenched feudal lords were the first underground. "If the situation is not a bad industry, Shandong Iron and Steel Group incorporated Rizhao Steel is impossible." Unidentified brokerage firms believe that the South.
"There are a lot of iron and steel enterprises will have a lot of pressure cash flow." GF Securities analyst Liu Baoyao Steel explained, we see that the restructuring, the general "arbitrarily arranged" Now, some SMEs may be because of pressure to seek restructuring opportunities. This case, the trade opportunities for a better deal.
Liu Baoyao estimates, "rest on our laurels" and a number of local tax support, small businesses can then persist for some time. He estimated that a large number of mergers and acquisitions will be carried out after mid-2009.
Who may first be engulfed? Wind data show that even from the three quarterly terms, there are 12 small and medium sized steel enterprises in money market funds less than 10 million shares of which the Great Wall, Daye Special Steel, Bayi Iron & Steel, Panzhihua Steel and Vanadium, Liu Gang Shares Guangzhou Iron and Steel Shares are already large steel enterprises have been included or large funds such as CITIC Pacific pocket.
The rest of the small steel enterprises in the race is still raging. Considerable financial pressure such as the long edge of shares, the market who have spread the coveted Xinyu Iron and Steel, Wuhan Steel shares, and even Minmetals Development.
It is noteworthy that, in the north "is heating the oven to complete the steel prices. In Liu Baoyao view, this makes the North Square steel Enterprises in case of excess capacity to undertake more business than the pressure of the South, do not rule out the north enterprise "was first merger" as well.
"Five families" to sing opera
"Looking from north to south, north-east of the saddle of the Group, North China's Hebei Iron and Steel Group and Shandong Iron and Steel Group, south of Wuhan Iron and Steel Group, Baosteel Group. The basic background of the country's iron and steel enterprises will be owned by the five main." In Liu Baoyao seems that several leading enterprises and the pattern of the steel industry is increasingly clear.
Hebei Iron and Steel Group and Shandong Iron and Steel Group has experienced twists and turns later, in 2008, a larger annual progress. However, Liu Baoyao view, the reorganization of the two groups is more scale integration, leading a strong local government, will take the initiative to incorporate the wishes of other steel enterprises and the possibilities are relatively small. But Liu Baoyao that the group will be "map to take Anyang steel, Shougang."
"Traditional leader or Baosteel, Anshan Steel, Wuhan Iron and the three companies." Liubao Yao said. And Shandong Iron and Steel Group and Hebei Iron and Steel Group by the government "arbitrarily arranged" different, Baosteel, Anshan Steel and Wuhan Iron and Steel by the reorganization for more from these leading enterprises active in the attack, or even actively participate in the integration of the local iron and steel group. In the integration, they often played a leading role.
"Anshan Iron and Steel Line" in the successful restructuring of the Benxi Iron and Steel, contain Ling steel, the layout of the Northeast region has been basically clear. And carried out with Baosteel, Panzhihua Iron and fight the "Running" in the industry that is "more favorable to the Anshan Iron and Steel." Liu Baoyao that, if successful acquisition Anshan Panzhihua, Panzhihua Steel Plant may be a springboard to compete with the Wuhan Iron and Steel Southwest Steel, described as "insatiable."
Contrast, Wuhan Steel and Baosteel these two "great leader", the heart of the integration of the industry is even more urgent.
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