Baowu holding Masteel is of exemplary significance
According to the ranking of crude steel production in 2018, Baowu and Masteel are ranked 1st and 9th respectively. The top 10 steel enterprises have been jointly reorganized to become the first 80 million ton large steel group in China, and it is of exemplary significance to present a mixed ownership enterprise structure.
First of all, Baowu is a central state-owned enterprise, Magang is a local state-owned enterprise, and Baowu controls Magang. It is the first time to realize the mixing of two different ownership systems of state-owned enterprises in the joint reorganization of steel enterprises, which is of ice breaking significance.
Secondly, Baowu holding Magang can give full play to the enthusiasm of the two kinds of ownership, namely, the ownership of central enterprises and the ownership of local state-owned enterprises. On the one hand, the actual controller of Masteel will be changed from the state owned assets supervision and Administration Commission of Anhui Province to the state owned assets supervision and Administration Commission of the State Council; on the other hand, the direct controlling shareholder of Masteel remains unchanged and remains the Masteel group.
Finally, Baosteel in baowuzhong is in Shanghai, Ma'anshan in Anhui Province, which belongs to the Yangtze River Delta. In the current context of promoting regional economic integration and high-quality development in the Yangtze River Delta, Baowu holding Magang is conducive to building an influential and dynamic regional growth pole
Focus on high quality development to improve industry concentration
As the iron and steel industry is a high investment industry, with major subversive, original scientific and technological innovation investment and long R & D cycle, it is objectively required to concentrate scientific and technological innovation talents, financial and material resources, so as to achieve less investment in general and obtain larger output, and then occupy a favorable position in the international market. All of these can only be realized by speeding up the construction of large-scale enterprise groups and improving the industrial concentration. In order to improve the concentration of iron and steel industry, we should focus on high-quality development, that is to say, we should invest more resources in the research and development of products and core technologies that can realize import substitution, and no longer invest too much in products whose demand has reached saturation or whose supply is relatively sufficient.
From the current situation, the starting point and the end point of the merger and reorganization of China's iron and steel enterprises are on the adjustment of industrial structure, with complementary advantages, highlighting the main business and focusing on high-quality development. For example, after Baowu's reorganization, its control over the three major products in the market segments - silicon steel, automobile plate and plating plate has been enhanced. Its high-quality plate production capacity of 60 million tons has strong competitiveness in three regional markets of East China, central China and South China. The restructuring of Northeast Special Steel by Shagang and Beiman Special Steel by Jianlong is also to build high-quality special steel products from the perspective of structural adjustment, making up for the lack of special steel products in most of these two steel enterprises.