Himfr.com Reports Bao Tuan heating the steel industry plays a game

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The domestic steel industry has a lingo: China Iron & Steel in Hebei, Hebei, Tangshan Iron and Steel look. If we say that this sentence can not be reflected in Tangshan City, the status of the domestic steel industry, then the following set of data that you can clearly see the overall strength of Tangshan Iron and Steel industry. As the largest iron and steel city of Tangshan Iron and Steel production capacity throughout the year to reach more than 50 million tons, accounting for one-half of steel output in Hebei Province, one-tenth of the national total capacity of steel. With an image of the point of words: Tangshan Iron and Steel industry, playing a spray cry if so, the domestic steel industry would be hit chills. Therefore, the Tangshan Iron and Steel industry, every move affects the pulse of the domestic steel industry.

January 25, 2010, Tangganggufen announced on the company to absorb the merger swap Handan Iron & Steel and Chengdefantai completed, the company full name will be "Tangshan Iron and Steel Co., Ltd." changed to "Hebei Iron and Steel Company Limited," Tangganggufen As a subsisting company, became the sole subsidiary of Hebei Iron and Steel Group's steel main listed company; Handan Iron & Steel and Chengdefantai cancellation of legal personality all of its assets, liabilities, equity, operations and personnel into the survival of the company. Company's shares resume trading the same day, listed on the first day no price limit. Although the market had the merger of these three steel companies already pre-sentence, but its a reality, after still a tremendous shock to the market. Especially through the absorption of the merger will give the current melee princes brings the domestic steel industry, what kind of changes in market interest to investors attention.

Start with the absorption of the scale of the merger, this cross-market to absorb the merger, involving both Shanghai and Shenzhen stock markets, 3, two bonds, involving nearly one million shareholders, and this is the first time since the establishment of China's securities market spanning Shanghai and Shenzhen started many companies, double the market to absorb the merger, but also for the future of China's securities market through cross-market consolidation has provided valuable experience for reference. The absorption of Tangshan Iron and Steel merger is the largest ever A-share market listed companies, the steel industry mergers and acquisitions projects, in accordance with the merger of the two sides swap prices and the market value of about 36.4 billion yuan. A-share market also has become the second largest ever convertible to absorb the merger project, this convertible to absorb the merger is completed, Hebei Iron and Steel Shenzhen Stock Exchange total market capitalization among the top ten listed companies.

Ordinarily, Hebei Iron and Steel after the absorption of the merger should have a more bright future, investors should be sought after by the market, but the actual results they do not.

January 25, Hebei Iron and Steel resume trading after the stock price way down, resume trading on the first day to reach 12.41 percent decline, followed all the way down to 28 days 5.67 yuan Fang Cai stabilized. This is because the market investors are more concerned about the development of Hebei Iron and Steel currently facing difficulties. Hebei Iron and Steel Group in accordance with the commitments, to be absorbed in the completion of the merger a year convertible into Xuanhua Iron & Steel Group Co., the company's assets, Wuyang Iron and Steel Co., the company's assets, three years into the Handan Iron and Steel Group, Handan Iron and Steel Co., Ltd. Po assets, Tangshan Stainless Steel Co., Ltd.??. Tangganggufen, Chengdefantai and Handan Iron & Steel, will build the country's largest and most competitive of the fine plates, high-quality base of vanadium-titanium and high-quality building materials. Hebei Iron and Steel's development strategy from the point of view, such a deployment is not much problem. But in reality the market before, in order to achieve this step is still too long path.

Hebei Iron and Steel production capacity mainly concentrated in the steel used in construction, the crude steel output accounted for a national second place. After the outbreak of the global financial crisis, although the state quickly issued a four trillion yuan plan to boost domestic demand to stimulate the economy in 2009, nearly 10 trillion yuan in the first time ever the support of the credit scale, the domestic real estate prices rose in the context of has been an unprecedented development, real estate on the building along with the demand for steel has reached a new height, which allow the production of steel mainly used in construction of Hebei Iron and Steel solidly to earn a lot of money. However, after entering in 2010, the state's macro-control of real estate has obviously increased, the banks of the real estate development loans and real estate loans to individuals to purchase a significant amount of tightening, the domestic real estate industry in 2010 will obviously be to enter a the development of "winter." Under such circumstances, the production of steel used in construction mainly come from Hebei Iron and Steel is certainly not better than in 2009, which led to resumption of Hebei Iron and Steel fell after the main reason.

In fact, it is in the face of declining demand for construction steel market, the restructuring of Hebei Iron & Steel only highlighted its importance. Because at this moment, as the year when the stock market bear market securities investment funds have done, "heating" is even more important. 3 kg 1, can be effectively saves raw material procurement costs, can be a voice for the outside world, increasing the price of its products in the market right to speak. In this regard, the Tangshan Iron and Steel companies have private step ahead. In December 2008, Tangshan City, north of Qian'an District 27 private steel and mining enterprises set up jointly funded the Great Wall of Tangshan Iron and Steel Group Co., Ltd., Tangshan City, the southern Fengnan District 12 private steel enterprises were involved in the formation of the Bohai Tangshan Iron and Steel Group Co., Ltd., which is currently the largest private steel enterprises in a joint reorganization between. Tangshan Iron and Steel company one step ahead of private for Hebei Iron and Steel complex response to today's market environment provides an effective reference. I believe in the "heating" of the major principle, Hebei Iron and Steel to the national M & A restructuring of the steel industry, against the background of a place to hold our own.

Article Source: http://depositarticles.com/

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