Baoshan Iron And Steel Co., Ltd. Zhanjiang Listed Low-Key &Nbsp; 70 Billion Huge Capital Projects Have Not Yet Been Approved.

The Zhanjiang iron and steel project, which is so wrapped up by Bao Gang, has finally started in real terms.

At 9:30 a.m. on May 22nd, Baosteel Zhanjiang iron and Steel Co., Ltd. officially launched the Jing Hai Hotel in its temporary office in Zhanjiang. Zhu Xiaodan, executive vice governor of Guangdong and Xu Lejiang, chairman of Baosteel Group, attended the ceremony.

Subsequently, Zhu Xiaodan and Xu Lejiang went to the East Island in the East, and the supporting works of the Zhanjiang project, the self provided power plant and the raw material wharf site, Zhu Xiaodan announced, "piling starts!"

With the roar of pile drivers, Guangdong and Baosteel's iron and steel dream, which has been brewing for more than 20 years, is gradually becoming a reality.

"The Zhanjiang iron and steel project is the first grand project to build a 10 million ton steel plant away from Shanghai's headquarters, one-time large-scale investment and phase I project in the history of Baosteel development.

We expect to build a resource conserving and environment-friendly island on the east island of Zhanjiang in three years.

"Baosteel has been very tight with this project. At present, hundreds of builders have arrived at the Zhanjiang construction site."

One attended the unveiling ceremony.

According to the local media in Zhanjiang, the total investment of Zhanjiang iron and steel project is nearly 70 billion yuan. After the project is completed and put into operation, it will achieve sales income of more than 53 billion yuan per year and realize profits and taxes of more than 10 billion yuan, driving nearly 70 thousand people to obtain employment.

In fact, as early as three years ago, the Zhanjiang iron and steel project was launched.

On June 28, 2008, at the ceremony of the Guangdong iron and Steel Group Co., Ltd., Xu Lejiang said with joy: "the reorganization of Baosteel and Guangzhou Iron and Steel Group and Shaoguan Iron and Steel Group has achieved satisfactory results at the end of the year. It also indicates that the construction of Zhanjiang iron and steel base project has entered a new stage of development."

However, the launch of the Zhanjiang project has been twists and turns.

Zhanjiang local media said: "behind the approval of Zhanjiang iron and steel project is full of hardships and twists and turns", "to get the Zhanjiang iron and steel project from the national development and Reform Commission, to resolve the deadlock problem of Zhanjiang iron and steel project approval, the provincial leaders have repeatedly discussed with Baosteel high level.

In March this year, the Guangdong provincial government decided that the provincial development and Reform Commission approved the environmental protection of Guangzhou steel.

However, it is understood that the Zhanjiang project has so far not received the national development and Reform Commission's birth certificate.

In addition, the investment subjects of the Zhanjiang project have also changed quietly. When the Guangdong iron and steel group was founded, Baosteel and Guangdong agreed that the Guangdong iron and Steel Group is the main body of the Zhanjiang project. But in April 13th this year, Baosteel Group (600019, stock bar) disclosed in the announcement: "Baoshan Iron and Steel Group intends to invest in the construction of Zhanjiang iron and Steel Co., Ltd., with the initial registration capital of RMB 8 billion yuan."

In April 18th, Baosteel was incorporated in Zhanjiang to establish the Zhanjiang Steel Corp.

Compared with the warm and grand listing of Guangdong iron and Steel Group three years ago, the Zhanjiang Steel Corp's listing in May 22nd was extremely low-key. Baosteel did not invite the media to the scene.

Behind the silence, however, is the determination of Baoshan Iron and steel company to launch the Zhanjiang project.

In February 21st this year, at the fourth general meeting of the China Steel Association, Xu Lejiang unexpectedly said, "the government's administrative regulation must be based on respect for the laws of the market. Administrative regulation and intervention must be subordinated. It must be a remedial measure taken when the market mechanism fails."

Three months later, Baosteel's Zhanjiang iron and steel project was launched in real terms.