Wuhan Iron and steel Baosteel merged into Bao Wu into the top three global crude steel – Sohu news dachiyouxiang

Wuhan Iron and steel Baosteel merged into Bao Wu into the global crude steel top three – Sohu news CNR net Beijing on September 23rd news (reporter Guo Miao) according to the Chinese sound "center wide news" report, SASAC 22 news release, the approval of Baosteel Group and Wuhan Iron and Steel Group, the implementation of joint heavy group, the formation of "China Bao Wu Steel Group Ltd., Baosteel and Wuhan Iron and Steel Group, Baosteel and Wuhan Steel shares of listed companies will be through Baosteel convertible merger of WISCO shares by way of the implementation of the joint reorganization. After Baosteel, Wuhan Steel shares two companies also released the "merger" report, Baosteel, Wuhan Iron and Steel shares to all shareholders of the convertible shares issued A shares, convertible merger of wisco. The merger and consolidation of the merged party. After the merger of listed companies will become the world’s third listed steel companies in crude steel production of the big mac". Baosteel and Wuhan Iron and steel reorganization of China’s steel industry this year, the largest restructuring event. Baosteel Group is China’s iron and steel industry leader, with a total assets of more than 540 billion yuan, with annual sales of more than $240 billion, staff of 124 thousand people in 2016 in the world’s top 500 ranked in the top 275th. Wuhan Iron and Steel Group is the first since the founding of the iron and steel enterprises, known as the iron and steel industry, the Republic of the eldest son, the total assets of about 220000000000 yuan, production capacity of about 18000000 tons. After the merger of two, the scale of production capacity after the European steel giant ArcelorMittal (annual production capacity of about 1 tons), ranking second in the global steel industry. Yuan Gangming, a researcher at the Chinese Academy of Social Sciences Institute of economics, it is now the steel industry to resolve overcapacity pressure and impact is the most direct cause of the two work together. Yuan Gangming said, originally overcapacity makes the whole industry formed a profit or loss situation, the output can be appeared again after another problem is that many businesses have been very difficult, then take some forced administrative measures to reduce production, have double difficulties, so obviously overcapacity and compression production is closely related to. So this time, the state-owned iron and steel enterprises will have appeared not survive, especially in Wuhan, serious difficulties, the product to go out, you need to find ways to alleviate this difficulty, this merger is obviously alleviate the difficult way, this is not a powerful combination, complementary advantages, is a to deal with difficulties in the difficult circumstances of the way. The State Council recently issued mainly for the iron and steel industry merger and reorganization of the document No. 46, "on the iron and steel industry merger and reorganization of the disposal of zombie companies guidance", which is the steel industry to the top-level design of the optimization and adjustment of excess production capacity, structure. In accordance with the guidance set the overall goal is that by 2025, China’s iron and steel industry 60%-70% production will be concentrated in about 10 large groups. Around this goal, the iron and steel industry mergers and acquisitions from now until 2025 will be divided into three steps: the first step is to 2018, will go to the clearing of the clearing capacity. At the same time, the next step of the merger and reorganization to demonstrate the second step is 2018 -"相关的主题文章: