The hottest investment in China's steel industry c

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Investment in China's steel industry contains "multiple adjustments"

China's steel industry was a typical "investment overheating" field, and until today, the shadow of "overcapacity" has not been completely eliminated. At present, as a "fixed point", it has been pushed forward for a long period of time, and many "curves" have been drawn around steel investment, including investment curve, benefit curve, investment curve for new tons of steel, self raised fund proportion curve and so on. Careful analysis of these curves can reflect from the more

sides that the people who send express mail behind me can continue to send express mail with this old box. "At present, most of the steel industry in China is using multiple adjustments in metal, building materials and other occasions that need constant stress, constant strain and creep experiments. However, according to the data of the first two months of this year, the investment growth of the steel industry has increased by 30%. What signals do they contain? It is worth paying attention to

The proportion of steel investment in total investment: it has fallen back to the level of 2002. Chi Jingdong, Deputy Secretary General of China Iron and Steel Industry Association, said at the "my steel" investment seminar recently that a certain investment scale ensures the sustainable development of China's steel industry. Although it has experienced a climax of "iron and steel refining", under the self-regulation of national macro-control and industry operation, the proportion of steel investment in the national fixed asset investment has fallen. In 2007, this proportion was only 1.87%, basically falling back to the level of 2002

relevant statistics show that the proportion of steel investment in the total national investment began to rise from 1.37% in 2001, peaked at 2.91% in 2005, and then began to fall

on the whole, this round of investment in iron and steel industry is "profitable", and the benefit has become the guarantee and purpose of iron and steel investment. From 2001 to 2007, the total investment completed by all member enterprises of CISA exceeded 800billion yuan, and their gross profit exceeded 1.1 trillion yuan in the same period. Investment in steel and iron is basically in line with the growth of fixed asset investment in the whole society. In the last 10 years, the steel industry has completed a total investment of 1.2 trillion yuan, with an average annual growth of 14.84%; Over the same period, the average annual growth rate of fixed asset investment in the whole society was 16.74%. Chi Jingdong believes that the rapid growth of fixed asset investment has driven the rapid growth of the production capacity of major steel products. The production capacity of pig iron, crude steel and steel increased by an average of more than 20% annually during the Tenth Five Year Plan period. The pace of technological progress in the iron and steel industry has accelerated, which is most directly reflected in the significant decline in unit investment per ton of steel, from an average new investment of 6499 yuan per ton of steel during the Ninth Five Year Plan period to 3971 yuan in 2006

but WuXiChun, the former head of CISA, reminded that the demand space for the continuous expansion of steel production capacity is not much compared with the rapid expansion in the previous five years. "We should cherish the limited development space very much", and we should emphasize the optimization of structure first and the total amount control second

the "discrete" benefits of investment will be tested in reality "centralized"

according to the basic estimation of the steel industry, the rapid development of China's steel industry in recent years has basically solved the long-term shortage of domestic plate and strip production capacity, but the optimization of ironmaking and steelmaking equipment structure has not been solved. Large blast furnaces with more than 1000 cubic meters account for only about 40% of the existing ironmaking capacity. The reason is that the development speed of large advantageous enterprises is limited, which is slower than that of runaway local small and medium-sized enterprises

this problem can also be seen from the investment structure of China's steel industry. Chi Jingdong said that before 2002, the proportion of investment completed by domestic key iron and steel enterprises has been continuously improving the performance requirements of electrical connectors, which remained at more than 82%, and fell to about 54% in 2006; The investment proportion of other non key small and medium-sized steel mills increased at an average annual rate of more than 74%. The investment proportion of the top ten steel enterprises in China reached more than 64% in 1996, and fell to 26% in 2006

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