2013年8月27日星期二

Mergers and acquisitions dissolve excess capacity problem

As early as in 2005, the national development and reform commission published "the iron and steel industry development policy" is put forward, to make our country iron and steel power ASTM A234 socket welding pipe fitting tee and power, through merger and acquisition way to sharply reduce the amount of iron and steel smelting enterprises, such as the formation of several thousand - mega enterprise groups with international competitiveness. Since then, China's steel industry is a major restructuring again: baosteel restructuring steel, anshan iron and steel for pangang, tanggang absorption merger hangang and chengde, etc.

Until today, the steel industry mergers and acquisitions was still going on, and policy points to more specific. Earlier Long Radius 90 Deg carbon seamless elbow this year, the ministry 12 departments such as joint development and reform commission jointly issued by the "about accelerating guidance of key industry enterprise merger and reorganization, the auto, steel, cement, shipbuilding, electrolytic aluminum, rare earth, electronic information, medicine and agricultural industrialization, a total of nine big merger and reorganization of the work in the field of industry and sch80 galvanized carbon steel pipe puts forward the main target and key tasks, in particular, has been clear about the industrial concentration required to achieve by the end of 2015. In nine big industry of iron and steel, automobile has become the key ministries to promote merger and reorganization, the ministry said the key support large-scale iron and steel enterprises group in cross-regional, cross ownership merger and reorganization, actively support steel enterprise merger and reorganization of regional advantage. Encourage steel enterprises extends the industrial chain, key support for iron and steel enterprises bigger and stronger. The China iron and steel association, Mr Xu said in an interview with the media, overcapacity is China's manufacturing industry, including steel, face a common problem, the steel industry is especially typical.

And marketization of mergers and acquisitions is an important means of the steel industry overcapacity. On August 3, cisa, deputy secretary general, chief analyst at late jingdong council in cisa, speed up the steel companies restructuring, improve the industrial concentration is the bottom line of the iron and steel industry policy, but now the industry concentration degree is not enough, can only have their valuation.

Zhanjiang steel unilateral capital increase of 12 billion yuan

Some people who are involved in zhanjiang project of form a complete set of business enterprise of iron and steel to our reporter said that even in September, 2016 to 90 degree pipe fitting long radius elbow start construction as scheduled, how much production capacity is also a problem. "Say it's a period can reach 10 million tons, but in fact is 5 million tons and 7 million tons, also hard to predict." Huang said.

Party secretary of guangdong zhanjiang economic and technological development zone, Mr Feng said several times two big projects in stimulating amplification, huge potential for further development of ASME B16.25 Welding on the pipe end cap the upstream industry.In 26, chairman of baosteel He Wenbo baosteel half-year results show, said the company plans to zhanjiang steel unilaterally capital 12 billion yuan, holding the equity of zhanjiang steel up to 90%. On the weekend, baosteel released its annual report, net profit fell more than sixty percent.

With the steel in zhanjiang economic and technological development zone to the ground at the same time is medium division Q235 seamless carbon steel pipe refining project. Maoming LuHua chemical co., LTD. Deputy general manager in JunWei told our reporter, since last year, the division in the body of the refining project basic suspension. Sinopec is to want to continue doing this project, but nearly two years chemical market is not optimistic."We are still waiting to see, basically be to see zhongke refining the plan, it give me we'd follow up materials." JunWei, arguing that the division in refining are waiting to see a number of supporting enterprises.

Zhanjiang company, said before the hope through this project, but now light steel has become a big burden of zhanjiang. Project delay of high-cost, such as bank loan interest. By the end of 2010, around the zhanjiang steel supporting investment has exceeded tens of billions of dollars.In recent years, China's steel production capacity surplus seriously. In 2008, the national steel production capacity has reached 600 million tons, 100 million tons of excess. In 2009 reached 700 million tons, in 2010 reached 800 million tons. Academy of engineering Xu Kuangdi said, at present the excess steel production capacity will reach 200 million ~ 300 million tons.

To this one industry source said, is not the problem of excess production capacity in guangdong, the province's steel demand for more than 4000 4000 tons per year, and production in more than 2000 only 2000 tons. Guangdong, he said, could not have become a big province of steel, but can be a powerful province of steel, for example, nansha is cooperation with Japan to build fine steel, used in automobile production.

Yellow said, after leaving the zhanjiang steel projects, they plan to form a complete set of guangzhou panyu and nansha fine steel rust steel production enterprises. "Nansha fill the blank of the guangdong province is the best project of high-grade automotive panels, high-grade automotive board all come from the field in guangdong province."

Iron and steel enterprise equity merger and acquisition in the majority

Combing the iron and steel enterprise merger, acquisition and reorganization of incidents this year, you can see that in the event of an 18 mergers already equity acquisition, mergers and ASME B16.5 Slip-on Flanges acquisitions are intangible assets and physical assets, among them, 10 for equity merger and acquisition. Specific view, has completed the acquisition of shares by baotou steel group of embellish mining co., LTD. 100% stake and a takeover of baiyun obo ore west ore mining right value maximum, is 5.929 billion yuan. The net worth of embellish mining evaluation value of 3.787716 billion yuan, baiyun obo ore west ore mining right assessment of the value astm a234 CS seamless elbow R=1.5D of 2.14122 billion yuan. In addition, clad steel shares also decided in cash acquisition of solid Yang 100% stake in mines, the final purchase price remains to be determined by way of assessment.

In April, jisco group gansu HongXing iron and API oil welded steel pipe steel co., LTD., proposed to the particular object non-public not more than 1.086 billion shares of class A shares, to raise funds not more than 9.6 billion yuan, after deducting costs issue will be used in the yu steel support the earthquake disaster area reconstruction project and the acquisition of jisco group day stainless steel co., LTD. 100% stake. At present, the merger and acquisition is in progress.

In addition, since this year involving two steel m&a events listed company and shandong iron and steel. In February, shandong iron and steel, according to the announcement the company completed the lai steel group's new substation, waterworks, track scale, railway and molten iron transport facilities such as mergers and acquisitions, the appraisal value of 483.3666 million yuan. In August of this year, shandong iron and steel and announced the acquisition of jinan letter win coal coking co., LTD., currently, the acquisition is still in progress.

From the point of market performance, the 14 incidents involving m&a of iron and steel shares in the secondary market performance is not outstanding. Data show that since this year as of yesterday, only 5 stocks outperform over the same period the Shanghai composite index, among them, the property of Rio tinto, square big special steel, LuYin investment gains.

Baosteel 12 billion capital increase of zhanjiang iron and steel

"Despite some recovery in the second half of the steel market demand, but there are still a lot of uncertainty, at the same time, after a brief dip ore index, rapid rebound, remains high, the other the original fuel prices there is also a rebound momentum. In addition, in the American carbon steel eccentric reducer second half of the company's internal faces no. 3 blast furnace overhaul, hot and cold in repairing series, steel resource will be reduced."

In baosteel half year results shows that the meeting held yesterday, baosteel new Dai Zhihao general manager's comments, shows that the second half of the steel market is still not optimistic, and still have a lot of profits in the core business of steel, baosteel will be the hope ASME B16.9 Butt Welded reducing tee of the future in the new material such as zhanjiang steel projects and aluminum plate, e-commerce and other new business.

Half annual report released on Saturday, baosteel, the company net profit attributable to shareholders of listed companies of 3.7 billion yuan, down 61% year-on-year, but the profit decline is mainly due to the first half of last year the company to sell stainless steel, special steel ansi b16.5 class 150 weld neck flange group related assets revenue of 9.09 billion yuan, and after deducting non-recurring gains and losses, the company in the first half of this year net profit of 3.67 billion yuan, up 54% from a year earlier.

Compared with other iron and steel industry, baosteel main asset is carbon steel, the results are still within the float subsequently, baosteel also want copies the company's operation and management mode to south China, strive for more market space.

"Company intends to zhanjiang steel unilaterally capital 12 billion yuan, holding the equity of zhanjiang steel increased to 90%, is expected to begin in zhanjiang project in September 2016." Dai Zhihao yesterday revealed that baosteel steel users in southern China region by the Shanghai base and MeiGang base to supply at present, after the completion of zhanjiang base will form the annual output of 9 million tons of production scale, the main target audience is in southern China automobile, home appliances, shipbuilding and other industries.

2013年8月26日星期一

Minmetals rare earth net profit fell ninety percent

Net profit fell 94%, substantially the transcript by minmetals rare earth in the first half of 2013. And that is since the end of last year minmetals rare earth backdoor * ST aluminium since listing, the company to hand over the first half of the annual report.First half of the annual net profit decline significantly, namely highlights is behind the industry slump. In fact, due to the influence of rare earth prices have tumbled in the ASTM A234 socket welding pipe fitting tee first half of this year, the whole situation of rare earth industry is not optimistic, in addition to minmetals rare earth, baotou rare earth, xiamen tungsten, guang sheng colored net profits are also varying degrees of decline.

As one of the largest heavy rare earth separation processing enterprises in the south of minmetals rare earths, encountered the reorganization of the first year that net profit fell ninety percent.August 18, black carbon steel butt welded concentric reducer minmetals rare earth half annual report, released 2013 first-half operating income of 265.597 million yuan, down 88.89% year on year. Net profit of 10.1755 million yuan, down 94.46% year on year. Basic earnings per share 0.011 yuan, down 94.69%.Minmetals rare earth in half annals, explains the main reason for decline in net profit for the rare earth market weakness, rare earth products sales quantity, price and gross margin fell and some of the larger products provision.

The main reason for the "operating income fell significantly on the one hand, is in 2012 the company completed the material assets reorganization, so the current operation ShouRuShu to implement several concentric reducer steel pipe fittings in rare earth current assets, and in the same period of last year's revenues are including the aluminium assets to achieve several, on the other hand this rare earth market weakness, rare earth products sales quantity, the price down." The company is half said in its annual report.

It is important to note that despite the recent rare earths prices close to a period of time the price picks up more apparent, but will not be able to make up for the company in the first half of the year."Half-year performance at 1-6 month, and the industry as a whole prices to rise up out of the time it seems too late, the company's performance is not good is very normal phenomenon." Saddle ridge information industry analyst zhang beibei told reporters.

And a perennial engaged in the rare earth industry insiders told reporters, minmetals rare earth significantly decline in performance completely understandable, restructuring its expectations for this year is down, and, on the other hand, before the restructuring, minmetals rare earth's performance has been not very stable.Data show that minmetals rare earth 2012 full-year net profit is 2012 yuan, only has obvious decline from a year earlier, down 68.87%, while the figure in 2013 and a half years in the annual report further.

"Minmetals rare earth since listed backdoor * ST b last year profit fell sharply, the main reason is due to the same period last year revenue including the aluminium assets value, on the other hand is because of rare earth in the first half of the downturn in the atmosphere." Zhuo and rare earth industry analysts edge information was told reporters.

It is understood that in the first half of this year the rare earth industry is not only the price back in 2011, jumped in front of the starting point, and at the same time also makes the rare earth enterprise faced with selling price, the humiliation of a sharp decline in profits. "Although the price is better than Chinese cabbage, but overall is still in the continuous low." While being said.And above the personage inside course of study tells a reporter, although the rare earth prices have rebounded, but may be caused by the private mining operations in short timeliness of rise, the whole, there is no substantial positive to support prices, therefore minmetals rare earth is still hard to say next.

2013年8月21日星期三

Large social networking sites is empty

In a large social networking sites, a person's network is usually too large, there is no real community. When your stream is filled with clutter of information, will be its wall. Due to the large amount of information, the real meaningful content will be lost in the 114mm carbon seamless steel pipe china suppliers flood. Network is endowed with the power of the wireless connection for us, in that case, why waste it on update each other life trivia?

Cross-platform integration has been excessive, resulting in huge social platforms is filled with a lot of useless information. There are some antidote: according to the specific people to build a small scale small social network, can make the content of the attention, the community astm a234 seamless carbon steel tee and having substance in speech reborn in the network world. Will, Quibb, Path, Potluck even Medium websites and applications have become like-minded people connected with each other, can help them to set up new communities, and even recover having substance in speech to discuss in the digital space.

Will the social network is only one: the purpose of question and answer. The wide-ranging, quickly became the focus and R=3D 45 degree Pipe Fitting Bend large community. Similarly, Quibb and Potluck with links to share the simple purpose built a sense of community. Although Quibb mainly for work related news, Potluck is more like a "everyone to participate in the" platform, the two sites are looking for the first-class platform related content, to select the object of attention and participation by users themselves.

And Evan Williams (Evan Williams) development of the Medium. Medium without "attention" or "friends" function. For a reader, the only two button is "comment" and "recommended". Although there is no too many interactive Medium, but the use of my personal feeling is far more than other platforms. The website design is very reasonable, can satisfy people's curiosity and exploratory.

2013年8月20日星期二

The sun reversal does not affect the earth's climate

According to magnetic recorder Wilcox observatory, since 1976, the big three poles have taken place in the sun, of impending reversal is recorded in the history of the fourth. The sun carbon steel pipe fitting lr elbows 45 degree reversal occurs, the magnetic North Pole will become the South Pole, pole, into a magnetic field.

Solar cycle for 22 years, the sun the poles will flip is almost every 11 years. In the process of turning the sun's polar magnetic field will weaken, in turn will increase again. Polarity reversal occurred in the process, we can detect the surface formation of the "big ripple" phenomenon, and across the surface of the sun. The "huge ripples or will affect the entire solar system," far beyond the orbit of Pluto, may arrive at "voyager" the astm a234 seamless carbon steel tee position of the detector, is close to the edge of the solar system.

This powerful radiation flow will, of course, to a certain extent on the surrounding space constitute some impact. National astronomical observatory of the Chinese academy of sciences of the relevant researchers said earlier in an interview with the media, more sunspots, charged particles can interfere with the earth's ionosphere, electronic communication will produce certain influence on the earth, also can make increase in the carbon steel concentric reducer number of the aurora, geomagnetic storm phenomenon on the earth.

But experts say, there is no evidence that global temperatures generally rise this year because of the reversal. And the researchers point out that the equator on the surface of the sun to the periphery of some material will form the "current", they will flip magnetic fields from the sun and inspire some of the induced current. The "current" instead have the effect that protect the earth, because they can to resist cosmic ray radiation from outside the solar system formed a natural barrier.

The first seven months of coal investment of 258.9 billion yuan

19, China coal industry association, the first seven months of this year the national coal output of 2.13 billion tons, fell 78 million tons, down 3.5%; National coal 2.07 billion tons, 45 degree short radius pipe fitting elbows sales dropped by 84 million tons, down 3.9%.

In addition, since the second quarter of 2012 coal CaiXuanYe fixed asset investment growth fell, the coal investment 258.9 billion yuan, the first seven months of this year fell 1.6% year on year, a drop.Vice President of China coal industry association Jiang Zhimin said in a news conference that day, in the import and export, the first seven months of the national total imported 187 million tons of coal, year-on-year growth of 14.1%; Total exports of 4.9 million tons, fell 22% year on year; Net imports 3D eblow Carbon Steel pipe fittings of 182 million tons, year-on-year increase of 24.5 million tons, an increase of 15.5%.

In terms of shipment, the first seven months of national railway sent 1.322 billion tons of coal, reduce 16.29 million tons, down 1.2% year-on-year.In terms of inventory, in late July, 90.2 million tons of coal enterprise inventory, year-on-year increase of 2.35 million tons, an 114mm carbon seamless steel pipe china suppliers increase of 2.7%.In terms of the price of coal, since November 2011, the price of coal is declining. On August 2, 2013, China's coal price index 159.1 points, down 11.6 points from a year earlier, down 19.7 points, down 43.9 points, 2011 highs.

Jiang Zhimin, according to the current enterprise management difficulties increase, payment collection more difficult, enterprise cost continues to increase, industry profits continue to fell sharply. The first six months of the coal enterprises above designated size profits fell 43.3% year on year; Large-scale coal enterprise profits fell 40.8% year on year, of which 24 enterprise losses, KuiSunMian 26.7%, heilongjiang, jilin, chongqing, sichuan, yunnan, anhui, jiangxi seven provinces, such as coal industry-wide losses. In addition, some difficult enterprise employees income is affected, parts of old mining areas difficult enterprise, has appeared the phenomenon of payday loans and delaying salaries.

Jiang Zhimin said, from the industrial economic operation situation analysis and prediction in the third quarter and the second half of the coal demand will remain small growth capacity continues to release, the import increase, the market continued easing total supply and demand, structural surplus situation, the whole society inventories remain high, coal prices downward pressure is still there, heavy industry production capacity and inventory of tasks, enterprises will face greater difficulties.