Steel production capacity replacement indicators prices

Capacity replacement is becoming an important means to resolve some of the iron and steel production capacity of the "production capacity", and with the production capacity of the increasingly frequent replacement, the future steel production capacity may face reshuffle.

Researcher Pan Hanxiang has publicly stated that the real goal of the supply side reform is not to produce capacity, but structural reform, is the replacement of advanced production capacity to backward production capacity, is a steel production capacity of the regional capacity of a replacement.

According to the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Industry and the Ministry of Science and Technology, the Ministry of Finance and the Ministry of Science and Technology of the People's Republic of China, And other environmentally sensitive areas, the implementation of reduction replacement. The first financial reporter was informed that the steel industry, for example, the current Beijing-Tianjin-Hebei region to implement 1: 1.25 steel production capacity reduction program.

August 7, Qingtuo Group capacity replacement program agreed by the provincial government, access to the provincial letter of the formal approval of the letter. The first financial reporter was informed that the city of Ningde City, Fujian Province, and the extension of Baoding City, Hebei Province, Baoyu City, the two iron and steel enterprises to carry out inter - provincial "joint" to achieve steel production capacity replacement, which is the first in the country.

In March this year, Qingtuo Group and Aoyu Steel signed the "iron and steel production capacity transfer agreement." The inter-provincial production capacity replacement, is expected to promote the new extension of the Group's new steel 900,000 tons of 400 series of stainless steel project and a series of industrial chain construction of a total of 6 projects, a total investment of 8.2 billion.

In addition to Fujian's steel production capacity replacement, many provinces and cities have also introduced the specific implementation of capacity replacement. Which Hubei Province in July 10 this year, the approach issued by the clear that the new (change, expansion) construction capacity of the project replacement targets, to be included in 2017 and later Ministry of Industry and Information Technology Bulletin or the provincial people's government announced Enterprises to eliminate production capacity (excluding the inclusion of a clear reduction in the scope of production capacity). Has overtaken the state out of the deadline of the backward production capacity (including "land steel" and other illegal production capacity), shall not be used for capacity replacement.

The first financial reporter combing found that the distribution of Chinese steel enterprises tend to have a high degree of urban concentration, north and south of the south and more inland than the three major characteristics. The reason why the distribution of such a feature, more is the problem of historical retention, rather than the development of the steel industry itself to form the distribution pattern. Plan out of the steel industry distribution pattern, after entering a new era will inevitably be the impact of the new situation.

A real pressure, that is, the cost of iron and steel enterprises, raw materials procurement department to the first financial reporter said that as the steel into the Mainland than iron ore and other raw materials into the Mainland to lower the cost, so most of China's iron and steel enterprises choose Coastal production capacity of the new layout.

In addition, the environmental policy is becoming more stringent, in the Beijing-Tianjin-Hebei region by the environmental protection of iron and steel enterprises more and more obvious pressure. The above two points have become the reason for re-layout of steel production capacity.

However, in the process of capacity replacement, not what capacity can be replaced, nor is the capacity can be out of control. Wang Guoqing told the first financial reporter, production capacity replacement in line with the country's production capacity policy, the new capacity must be the existing capacity equivalent or reduction of replacement, Hebei, Shandong, Jiangsu and other major steel production must be reduced replacement.

At present, small and medium enterprises to participate in capacity replacement more. However, Wang Guoqing told the first financial reporter, "not only small and medium enterprises, large enterprises if you want to add capacity to have capacity replacement, as before the construction of Baosteel Zhanjiang Iron and Steel and Wuhan Iron and Steel Construction Fangchenggang are so The original capacity of the case of new ".

At present, some provinces have begun to support cross-regional capacity replacement, allowing enterprises in accordance with the voluntary, paid, the real principle, through the agreement transfer, auction, shares, etc., within the province to carry out capacity replacement indicators trading.

Whether this will become a new trading model, remains to be seen. However, the price of production capacity indicators is currently the phenomenon of rising prices.

The first financial reporter noted that on August 8, Hebei Wu'an capacity trading platform price is 200 million yuan per million tons, equivalent to 200 yuan per ton. But Wang Guoqing said that before the industry has the capacity to replace the price has reached 500 yuan / ton.

Relevant analysts told the first financial reporter, once the phenomenon of capacity replacement, the price will certainly rise, this phenomenon is not surprising.