Miao Changxing: China's steel industry lacks leading enterprises
In 2013, the concentration of China's steel industry did not rise and fall. Miao Changxing, deputy director of the Industrial Policy Department of the Ministry of Industry and Information Technology, pointed out at the “2015 China Steel Market Outlook†and “My Steel†annual meeting that industrial concentration Low, lack of leading enterprises, led to a number of problems such as overcapacity in the industry. According to Miao Changxing, in 2013, the concentration of China's steel industry did not rise and fall, and the concentration of the top 10 steel enterprise groups before crude steel production was 39.4%, down 9.2 percentage points from 2010. China's steel production enterprises are small and scattered. Miao Changxing pointed out that the industrial concentration of the steel industry is low, and there is no industrial development pattern dominated by superior and strong enterprises. These industries can only seek further development through “patch and projectâ€. Lead to overcapacity. It is reported that last year, China's steel capacity utilization rate was only 74.9%. Excessive production capacity has also had a serious impact on the industry, such as the sharp decline in the industry's profit margin, and the company's profit margins. The data shows that the sales margin in 2013 was only 0.48%, which was the lowest in the industrial sector, and the loss was 21%. Sales profit in the first three quarters of this year improved slightly, but only 0.71%. Miao Changxing believes that there is no overcapacity and repeated construction due to the development of leading industries in superior and strong enterprises. These problems have seriously affected the adjustment and optimization of industrial structure, transformation and upgrading, affecting the improvement of industrial competitiveness, and will also plague the transformation of China's economic development mode. Therefore, he once again stressed the need to accelerate the promotion of mergers and acquisitions, which is conducive to promoting superior enterprises to become better and stronger, to form an industrial development pattern dominated by superior and strong enterprises, to enhance the coordination and self-discipline of industry development, and to guide and promote the advantages of resources. Enterprise agglomeration, promote the promotion of industrial structure optimization and transformation and upgrading. 3PC SS304 ball valve,DIN SS304 flange ball valve,stainless steel flange ball valve Wenzhou Dico Valve Technology Co.,Ltd. , https://www.dicovalves.com