The "First Financial Daily" learned from Baosteel Group yesterday that the list of the top 20 global steel companies in 2010 was recently released. China's steel companies have occupied 9 seats in the top 20. In addition to ArcelorMittal is still the world's largest steel company, China's Hebei Iron and Steel Group and Baosteel Group ranked second and third, the world's top ten steel companies in China's iron and steel enterprises occupy six seats.
However, despite the huge output alone, due to the little progress made in the merger and reorganization of the steel industry in China last year, the concentration of steel in our country is still low.
According to report, last year, the global crude steel production reached 1.414 billion tons, a year-on-year increase of 15%, a record high. Most of the major steel mills in the world have experienced double-digit growth in capacity utilization, but output has still not recovered to levels before the global financial crisis. China's crude steel production in 2010 was 626.7 million tons, a year-on-year increase of 9.3%, accounting for 44.3% of global production. Because of the lower base in 2009, the United States and the European Union have experienced higher growth, while Asia and the Commonwealth of Independent States have seen relatively low growth rates.
Among them, Germany's ThyssenKrupp's crude steel production increased the fastest year-on-year, close to 52%, ranking from the 23rd last year to 19th this year; US steel company's increase was 46%, from last year's 16th place went to 13th; Nippon Steel, JFE Corporation, and Nucor of the United States all increased their output of crude steel by more than 30%.
Although the increase in crude steel output of Chinese steel companies is not as high as that of European, American, and Japanese steel mills, due to the large base, there are still six companies that have entered the top ten global steel production. In addition to Hebei Iron and Steel Group and Baosteel Group, the company is located in the fourth, fifth, ninth and tenth place respectively. The company is the largest steel maker in South Korea, Pohang Steel, Japan's largest steel company, Wuhan Iron and Steel Group, Shagang Group and Shougang Group. The Nippon Steel Corporation of Japan and Japan’s JFE are ranked sixth, seventh and eighth respectively. In the top ten steel production in 2009, there were only five steel mills from China.
It is worth noting that, similar to 2009, Hebei Iron and Steel surpassed Baosteel, which has already ranked second in global steel production. After completing the merger and consolidation of Tangshan Iron and Steel, a few large steel plants in Hebei Province, last year, Hebei Iron and Steel in turn included more than a dozen private steel companies in Hebei Province, and steel production jumped to about 60 million tons.
However, due to the difficult situation of the combination of local government interests and strength, except for Hebei Iron and Steel, other domestic steel giants have made little progress in mergers and acquisitions last year. At present, the proportion of crude steel output of the country’s largest 10 steel groups to the total national crude steel is still less than 50%. This is far from the goal of the top five iron and steel enterprises in China that the "iron and steel industry adjustment and revitalization plan" proposes to account for more than 45% of the national production capacity.
In contrast, Japan's largest steel company, Nippon Steel, has only one-third of the market share in Japan's domestic market, even though individual steel production ranks only seventh in the global production list. During the Spring Festival this year, Nippon Steel and Sumitomo Metal Industries Co., Ltd., Japan's third-ranking steel company, jointly announced that the two companies intend to achieve a merger. In terms of crude steel production, the combined entity will occupy half of the Japanese steel market and is expected to Become Japan's No. 1 and the world's second largest steel company.
However, despite the huge output alone, due to the little progress made in the merger and reorganization of the steel industry in China last year, the concentration of steel in our country is still low.
According to report, last year, the global crude steel production reached 1.414 billion tons, a year-on-year increase of 15%, a record high. Most of the major steel mills in the world have experienced double-digit growth in capacity utilization, but output has still not recovered to levels before the global financial crisis. China's crude steel production in 2010 was 626.7 million tons, a year-on-year increase of 9.3%, accounting for 44.3% of global production. Because of the lower base in 2009, the United States and the European Union have experienced higher growth, while Asia and the Commonwealth of Independent States have seen relatively low growth rates.
Among them, Germany's ThyssenKrupp's crude steel production increased the fastest year-on-year, close to 52%, ranking from the 23rd last year to 19th this year; US steel company's increase was 46%, from last year's 16th place went to 13th; Nippon Steel, JFE Corporation, and Nucor of the United States all increased their output of crude steel by more than 30%.
Although the increase in crude steel output of Chinese steel companies is not as high as that of European, American, and Japanese steel mills, due to the large base, there are still six companies that have entered the top ten global steel production. In addition to Hebei Iron and Steel Group and Baosteel Group, the company is located in the fourth, fifth, ninth and tenth place respectively. The company is the largest steel maker in South Korea, Pohang Steel, Japan's largest steel company, Wuhan Iron and Steel Group, Shagang Group and Shougang Group. The Nippon Steel Corporation of Japan and Japan’s JFE are ranked sixth, seventh and eighth respectively. In the top ten steel production in 2009, there were only five steel mills from China.
It is worth noting that, similar to 2009, Hebei Iron and Steel surpassed Baosteel, which has already ranked second in global steel production. After completing the merger and consolidation of Tangshan Iron and Steel, a few large steel plants in Hebei Province, last year, Hebei Iron and Steel in turn included more than a dozen private steel companies in Hebei Province, and steel production jumped to about 60 million tons.
However, due to the difficult situation of the combination of local government interests and strength, except for Hebei Iron and Steel, other domestic steel giants have made little progress in mergers and acquisitions last year. At present, the proportion of crude steel output of the country’s largest 10 steel groups to the total national crude steel is still less than 50%. This is far from the goal of the top five iron and steel enterprises in China that the "iron and steel industry adjustment and revitalization plan" proposes to account for more than 45% of the national production capacity.
In contrast, Japan's largest steel company, Nippon Steel, has only one-third of the market share in Japan's domestic market, even though individual steel production ranks only seventh in the global production list. During the Spring Festival this year, Nippon Steel and Sumitomo Metal Industries Co., Ltd., Japan's third-ranking steel company, jointly announced that the two companies intend to achieve a merger. In terms of crude steel production, the combined entity will occupy half of the Japanese steel market and is expected to Become Japan's No. 1 and the world's second largest steel company.
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