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Small and medium-sized steel enterprises are facing a new crisis, and the industry reshuffle is likely to intensify

under the background that steel is on the edge of loss in the whole industry, the boss of a private steel enterprise in Hebei has run away due to the fracture of the capital chain, causing a lot of vibration. It is learned from the investigation that the running storm is a signal of a new round of crisis for small and medium-sized private enterprises: drop hammer impact test, creep ratio test, melt activity rate, and steel enterprises. The reshuffle of the potential industry will intensify

cause: the rapid expansion led to the rupture of the capital chain

Chen, the legal representative of a private iron and steel enterprise in Hebei, escaped due to debt in August this year and was arrested at the Philippine airport a few days ago. The initial investigation by the police involved hundreds of millions of yuan

it is understood that Mr. Chen founded Baoqiang Steel Co., Ltd. in 2003. Since 2006, a total of five enterprises, including Haofeng steel and Wusu Zhaodong casting company, have been invested and built in Xinjiang. The capital chain was broken this time because of problems in the production and operation of Xinjiang company

after Mr. Chen ran away, a large number of creditors came to the door, most of them local villagers. It is understood that Baoqiang Steel Co., Ltd., like other small and medium-sized private steel enterprises, is difficult to obtain direct loans from banks. Most of them rely on private fund-raising, and individual enterprises borrow from each other. This phenomenon is very common in the local steel circle

bosses of some private steel mills around Baoqiang iron and Steel said that the running storm had produced a chain reaction, and their repayment pressure, which also had private loans, suddenly increased. After the incident, villagers queued up for refunds in some factories. In the past, when the steel industry was in a good situation, nearby villagers used to lend idle money to the steel plant for high interest, but now some people even don't want interest in order to get back the money

according to the analysis, the reason for the fracture of Baoqiang Steel's capital chain is, on the one hand, that it has fallen into high private usury loans, and on the other hand, that the rapid expansion of enterprises has encountered industry downturn. In the cold winter, those private enterprises with relatively small scale are always the first to fail. As long as this

signal: small and medium-sized steel enterprises are facing a new round of crisis

'running' is an example, but the signal released cannot be ignored. Zhang Lin, an analyst at Lange Steel Information Research Center, believes that the capital chain crisis in the steel industry has expanded from steel trading enterprises to production enterprises. The runaway storm is likely to cause the integrity of private steel enterprises to be further questioned, resulting in the continued contraction of bank loans. Relevant parties need to pay attention to the resulting new and larger industrial crisis

during the survey in Hebei, a large iron and steel Province, some bosses of private steel enterprises admitted that they would rather lose money than stop production easily. They believe that in the current financial environment, once the production is stopped, banks or creditors will interrupt the supply of capital to the power machinery plant. In addition, the furnace wall needs to be replaced after the blast furnace is stopped and resumed production. The cost may be as high as millions. Once the capital chain is broken, it is very difficult for the steel plant to resume production

another purpose is to occupy market share. At present, the whole domestic market has been completely allocated. If the enterprise stops production, the original market will be squeezed out by other steel mills. Coupled with the serious overcapacity of steel today, it is even more difficult to develop new markets. Therefore, in order to maintain market share, steel mills would rather lose money than maintain production

an expert in the iron and steel industry said that the iron and steel industry has a scale effect. The larger the scale, the stronger the ability to resist risks. Therefore, many enterprises' strategy to deal with risks is to continue to expand production capacity. Once they encounter market downturn and capital chain crisis, they will be wiped out

future trend: the industry reshuffle will intensify

Hebei Province, which accounts for 1/4 of the national steel output, recently issued the "Hebei steel industry structure adjustment plan", which clearly puts forward the goal of reducing the total scale, improving the development quality, and improving the sustainability. This steel bar zigzag testing machine is the development level developed according to the provisions of the national standard metal zigzag testing method (gb232 (8)). By 2015, the total capacity of iron making, steel making and steel rolling will be adjusted from the current 273 million tons, 286 million tons and 298 million tons to about 210 million tons, 220 million tons and 240 million tons, with a reduction of 63 million tons, 66 million tons and 58 million tons respectively, accounting for about one fifth to one quarter of the current capacity; The proportion of blast furnace capacity below 1000 cubic meters should be reduced from 49.2% to less than 20%; All converters of 50 tons or less will be eliminated

song Jijun, vice president of Hebei Metallurgical Industry Association, said that reduction will become the key word for the development of Hebei Iron and steel industry in the future. For many small and medium-sized private steel enterprises, they will either be shuffled or speed up the pace of industrial technological transformation. The fear is that this round of iron and steel industry crisis will not give these enterprises a chance to breathe

looking at the policy of eliminating backward production capacity in recent years, it is often used by small and medium-sized private steel enterprises and has become the driving force of indirectly expanding production capacity. For example, the policy stipulates to eliminate blast furnaces below 400 cubic meters, but the vast majority of enterprises choose to transform blast furnaces, improve production capacity and continue production

in order to comply with the industrial policy, small and medium-sized steel enterprises obtain the right to exist through expansion, and come up with various ways to deal with the policy. For example, waste blast furnaces are used to offset the target tasks, and for example, old ones are replaced by new ones, and small ones are replaced by large ones. Many steel mills have started new projects long before the old plants are demolished

industry experts believe that the industry crisis is also a good opportunity to promote transformation and development, and we should effectively deal with it to avoid repeating the mistakes