Cloth Son Seeks The Opportunity To Iron And Steel Integration True

For the recent consolidation of the steel industry, the industry believes that this is not just a change of name, but a change and integration of real and real guns, so that it can take the lead in the future competition.

The newly formed Hebei iron and Steel Group has set up a mineral company to integrate its mining assets and set up sales companies to share business platform.

The Steel Corp of Shandong has entered the stage of financial integration, and the relevant personnel who are responsible for fund settlement and management, sales receivables and accounting, purchase payment and settlement have been pferred to the financial center of the group.

Not only that, the integration of Rizhao Iron and steel group by Shandong iron and steel group may also become an example of state-owned enterprises integrating private enterprises.

The integration of Rizhao steel by Shandong iron and Steel Group has a reference for Hebei iron and steel group. Shandong's iron and steel industry is relatively concentrated. The newly formed Shandong iron and Steel Group concentrates more than 80% of Shandong's capacity, while the newly built Hebei Steel Group has less than 60% of the total capacity of Hebei, and there is still room for further consolidation of Hebei's private steel enterprises.

In the deteriorating business environment, integration is easier. In addition to unified procurement and sales network can save costs and improve efficiency, enterprises have more long-term considerations.

The newly formed iron and Steel Group has made efforts to integrate, and it is also because there are lessons learned.

The merger of Angang and Hong Kong is regarded as a failure case. Insiders believe that the two sides did not carry out substantive integration, but merely hung up a brand to consolidate the reports.

As a contrast, Baosteel's integration of Bayi Iron and steel not only stays at the level of consolidated statements, Bayi Steel not only enjoys the technical and managerial experience of Baosteel, but also imports iron ore through Baosteel's channels, and the two share customer resources. This successful case is a great addition to Baosteel's further expansion.

Editor: vivi