Shougang stock assets injected into the barrier: Heihu to move steel eight years to wear a certificate

Hebei Shougang Qianan Steel Co., Ltd. (hereinafter referred to as moving steel) into Shougang shares (000959.　　SZ) The biggest obstacle will be cleared.　　January 17, Shougang Corporation, a management person to our correspondent confirmed that the relocation of steel is expected to receive the National Development and Reform Commission in the near future official approval. "Formal approvals may have to wait a little longer.　　The above people said to our correspondent.　　The above people also told the reporter, moved to the National Development and Reform Commission after the approval, may be injected Shougang Corporation listed company Shougang shares.　　Wanguo Steel Industry senior analyst Zhao has been closely watching the restructuring of Shougang shares, he said, now it appears that Shougang will move steel into the listed companies or a big probability of events, which also in Shougang internal gain recognition.　　"My Steel" network information director Xu Xiangchun said that the transfer of steel was approved only under the background of the country's strict controls on steel industry, a special case, more Steel "Heihu" project still difficult to obtain formal approval.　　Eight years grinding a "card" to move Steel won the National Development and Reform Commission recognized, which means that the relocation of steel will end its own plant, expanding production more than 8 years of "Heihu" years. Transfer of steel official website data show, the relocation of Steel December 18, 2002 registration, March 25, 2003 Project Foundation, October 15, 2004 held the completion of production ceremony.　　The current annual design capacity of 4.5 million tons of iron, 4.5 million tons of steel, 4 million tons of hot-rolled steel strip. According to our correspondent before the investigation, the majority of the expansion of steel, new capacity has not been the national Development and Reform Commission and the Ministry of National Environmental protection approval.　　Including the 2160 hot-rolled projects in full operation in 2004 and 1580 projects that are still being expanded. "Because to relocate, Shougang was anxious in Qianan and Qinhuangdao plant, otherwise not enough assets replacement after relocation, if the approval to build, Shougang production capacity is afraid to shrink half."　　Steel expert Zhongbo said.　　This reporter learned that Shougang August 2003 formally agreed to move away from Beijing, this time is the early construction of the transfer of steel.　　Shougang also claimed that the relocation of steel from the establishment to put into production, "lasted 570 days and nights, creating a domestic steel enterprise construction of high speed."　　However, the "side of the car, one side of the ticket" Abacus, Shougang, in the car arrived at the end of the station, also failed to fill the vote.　　Shougang Management told the newspaper reporter, Shougang planned the latest 2010 years ago for the transfer of steel to get approval, but the untimely-2010, the country began to tighten steel policy. But industrial policy has not completely blocked Shougang's way out.　　In June 2010, the State Council issued a number of views on further strengthening energy conservation and emission reduction to accelerate the structural adjustment of iron and steel industry, said that the end of 2011 no longer approve, record any expansion of production capacity of steel projects, but the state has approved the initial work of the project except. "A small part of the production capacity has been approved by the state, and has not been approved for later expansion and most of the new capacity." "The steel was transferred to the country before the first half of the year," said Shougang management.The Committee's approval has "little problem".　　In addition, the relocation of the National Environmental Protection Department of the environmental approval process, the Ministry of Environmental Protection has recently passed the Steel transfer EIA report.　　Asset injection in the end of 2010, Shougang Beijing production capacity has been fully discontinued, the cut-off can be Shougang shares of the core assets.　　After the Shougang relocation plan was finalized, Shougang has promised that at the end of 2010, will operate stable, with the development prospects of steel assets into listed companies, to ensure the continued operation of listed companies, while the listed companies will be involved in the production of capital by the Shougang Corporation replacement of listed companies, to ensure that the listed company corporate property is not lost.　　As promised, the move to steel is expected to be the biggest injection.　　This reporter learned that Shougang district in the production of steel assets after the cut-off, the transfer of steel the most advantage of capital injection.　　At present, Shougang's steel assets include moving steel, the First Qin company, Shougang Beijing-Tang Steel plant, Beijing Shunyi Cold rolling Mill, Shougang Mining company, as well as the acquisition of the Tong Steel, Changzhi Steel, Shuicheng steel and so on.　　Shougang Management said to this reporter, the transfer of steel in Shougang subsidiary position, after Shougang shares, profitability is the best of all steel plate. Public data show that in 2009, the transfer of steel to achieve operating income of 15.9 billion yuan, net profit of 210 million yuan, Shougang shares to achieve operating income of 22.788 billion yuan, net profit of 368 million yuan.　　This means that the turnover of steel sales accounted for 70% of Shougang shares, profitability of Shougang shares of 54%, the relocation of steel once injected into the listed companies, Shougang will solve more than half of the assets replacement task. According to the requirements of the SFC, the assets injected by mainland listed companies must have legal production approval.　　Therefore, the time of the transfer of the legal status, will be to a large extent, Shougang stock asset replacement progress.　　This reporter from Shougang shares in the Office of the Secretary learned that Shougang stock assets replacement period to extend again six months to June 30, 2011, before this, Shougang shares the original production and operation capacity will be affected.　　Special office?　　The move of Steel "positive", whether means the country more than 300 million tons of steel "heihu" capacity will usher in new life?　　Xu Xiangchun said, Shougang steel transfer belongs to the "special office", the vast majority of the steel capacity has not been approved will continue to be in the "Heihu" state. Last November, the National Development and Reform Commission, the Ministry of Land, the Ministry of Environmental Protection issued a circular on the clean-up of steel projects, requiring a one-time clean-up of steel projects.　　The scope of the steel project has been the construction of steel projects (including new and expanded iron ore development projects and steel production projects) since 2005, which have been built (with and built).　　The means of liquidation include elimination of capacity, merger and reorganization and additional approvals for eligible projects.　　An expert of China Iron and steel Industry Association said to this reporter, like the relocation of steel such as additional "hukou" places very little, "mainly to take into account the issue of fairness." However, the relocation of steel "positive" will be for other environmental relocation of urban steel mills to obtain "Zhongsheng" to provide an optimistic signal。　　This reporter learned that the National Development and Reform Commission to obtain additional approval priority will be the national steel industry policy named for relocation of urban steel, such as Shijiazhuang Steel and Chongqing steel.　　The experts said that the government's most respected means of breaking capacity into large steel conglomerates, and then through industrial upgrading, structural adjustment "legalization", for example, Shandong Iron and steel mergers Rizhao steel, Hebei Iron and Steel Group bulk acquisition of private small and medium-sized steel enterprises. However, merger and reorganization is not easy, and most "strewn". The wisdom and determination of the Government is still being tested by the 300 million tonnes of steel capacity that has not been approved by the state.