In fact, from the integration of Anshan Iron and Steel and Bengang, to the reorganization of steel in Shandong and Hebei Province, all saw the promoters of local governments, and the administration promoted far-sighted mergers and acquisitions in the market.
“The recently announced plan for the adjustment and revitalization of the steel industry did mention the promotion of Baosteel’s integration of Baotou Steel. However, there is no sign of progress in the integration work. †An insider of Baogang Steel recently revealed to reporters.
   According to First Financial Daily reported on the 15th, as early as July 2007, Baosteel Group signed a strategic alliance framework agreement with Baotou Steel Group, Baosteel has laid the groundwork for the restructuring of Baotou.
   Two years later, Baosteel and Baotou Iron and Steel still have no substantive progress in asset restructuring. “ Baosteel hopes to gain a controlling stake, and according to the opinion of the Inner Mongolia Autonomous Region, Baosteel initially hoped that Baosteel would not hold shares, but it would take shares. The reorganization plan cannot be pushed forward and has been stagnant. †The above-mentioned middle layer of Baogang revealed.
   In fact, since 2006 , mergers and reorganizations of domestic steel companies have been promoted by the state. The State-owned Assets Supervision and Administration Commission of the State Council once again made a clear positioning for Baosteel Group and asked Baosteel to be the leader of the domestic steel industry and should take on the responsibility of integrating domestic steel mills. responsibility.
The road to integration is not easy. According to report, many years ago, Baosteel had signed strategic cooperation agreements with Maanshan Iron and Steel and Taigang, but so far there has been no further progress in capital integration. Jinan Steel and Handan Iron and Steel Co., Ltd., once used by Baosteel, are Under the “ urging †of the local government, it took the lead in completing the “ task †of “ marrying in †the province’s steel group.
“ Shandong Province has planned to establish a largest shipbuilding base in Asia in Rizhao, which will require a large amount of plate steel, and the plate is the most ' hands ' product of Jigang, if Jinan Steel is sold to foreign steel companies, Well, after the completion of the shipbuilding base in Rizhao, steel is needed. No matter whether it is price or supply, it may be passive. †An insider of the Shandong State-owned Assets Supervision and Administration Commission gave this example to illustrate the idea of ​​Shandong Province.
   At the same time as “ outside the borders, †the integration within Shandong Province has been surprisingly rapid. Last March 26, transferred from the Jinan Iron and Steel Group and Laiwu Steel Group and Metallurgical Industry Corporation-owned enterprises in Shandong Province state-owned property formed Shandong Iron and Steel Group officially inaugurated, completed the largest-ever in the history of asset restructuring in Shandong province. After the merger, the steel output of Shandong Iron and Steel Group exceeded 23 million tons, ranking among the top three in the domestic steel industry at the time.
The example of “ external security †is not only Shandong. Three months after the Shandong Iron and Steel Group was listed, Hebei Province, the country with the most steel production in the country, also established the Hebei Iron and Steel Group in a high-profile manner. The Hebei Iron and Steel Group, jointly formed by the two largest iron and steel enterprises in Hebei Province, Tangshan Iron and Steel Group and Handan Steel Group, was The title of the country’s largest steel mill temporarily changed hands.
In 2007 , Baosteel and Handan Iron and Steel formed a joint venture to jointly build a new project in Handan Iron and Steel Co., Ltd. The gate of Hebei Iron and Steel Industry seems to open a gap. Subsequently, Shougang Group and Hebei private enterprise Tangshan Baoye Iron and Steel Group signed a cooperation framework agreement. The formation of the new Baoye Iron and Steel Company.
   The reason why Baosteel was involved in the construction of the Xingang New Steel Area was mainly to use it to enter Hebei, so that it could further integrate Shaoguan Steel in the future under conditional conditions. “Since Handan Iron & Steel was included in Hebei Iron and Steel Group, Baosteel had previously participated in the new area of ​​Handan Steel. The original intention and conditions of the construction have changed, so Baosteel first proposed to withdraw its shares in Baosteel, †said senior Baosteel officials.
   Similar to Baosteel, Shougang, which has always wanted to expand in Hebei, has not made any progress toward the integration of the Hebei steel industry after the relocation of Caofeidian.
   For Baosteel, cross-regional integration is not a success. First, it invested RMB 3 billion to “ cross over the east and west †to control Xinjiang Bayi Iron and Steel Group. Later, it went deep into the south to rebuild a Baosteel in Guangdong. However, an insider of Baosteel Group also admitted that these two cross-regional mergers and acquisitions were formed due to the active promotion of local governments.
   In fact, from the integration of Anshan Iron and Steel and Bengang, to the reorganization of steel in Shandong and Hebei Province, all saw the promoters of local governments, and the administration promoted far-sighted mergers and acquisitions in the market.
   Dai Guoqing, vice president of Shougang Development Research Institute, pointed out that the reason for the slow progress of inter-provincial restructuring is mainly the issue of property rights. At present, the only steel plants directly led by the SASAC are Baosteel, Wuhan Iron and Steel, Anshan Iron and Steel, and Panzhihua Iron and Steel. More steel mills are affiliated with local governments. Reorganization of inter-provincial cities will inevitably face complicated issues such as changes in taxes and personnel.
" The fundamental problem of joint reorganization is the ultimate realization of the investor's agreement. " Song Jijun, vice president of the Hebei Provincial Metallurgical Industry Association, also stated that it is the most crucial issue for the delegation of state-owned assets.
   Song Jijun suggested that in order to promote domestic steel integration, it is possible to imitate the model of reorganization of Shanghai steel mills by Baosteel Group in the past, that is, the Shanghai government allocated the assets of several steel mills to the country for free, and the state authorized and entrusted Baosteel Group to fulfill the requirements of the investor. Functions, reorganization of several steel mills.