Resource Tycoon Reborn
Chapter 51: Pointing the way
But the biggest hidden danger of Guangyao Iron and Steel Group Co., Ltd. is also here. This project, which has a decisive impact on the future development of Guangyao Iron and Steel Group Co., Ltd., has not received a formal "status" so far. It has only been approved by the relevant provincial departments and filed with the Ministry of Commerce.
Agree. But this alone is not enough. To become a legal project, it must be formally approved by the National Development and Reform Commission. Otherwise, this is a bomb that will explode at some point.
From the second half of last year to now, three groups of investigation teams have come to Guangyao Steel Group Company to conduct investigations, but the approval has still not been passed. Guangyao Steel Group Company also inquired about the reason privately, and the answer it received was, "It's probably a certain link.
If the formalities are not complete, the state’s failure to approve is the reason why the state does not approve.” Or, “National macro-control must consider the overall layout of the steel industry, so the approval of Tangshan Iron and Steel Group Company does not necessarily mean the approval of Guangyao Iron and Steel Group Company.”
In response to such an answer, the shareholders of Guangyao Steel Group could only smile bitterly. The dual treatment of state-owned enterprises and private enterprises in the country can be said to be fully revealed in this answer! Although in recent years, the government has still encouraged private enterprises
Participate in market competition, but the reality is that for the same project, some state-owned enterprises have no capital at all and are located in drought and water-scarce areas, but the projects are approved, while private enterprises with much better conditions are not approved.
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In order to launch this project, Guangyao Steel Group Company has invested 8.7 billion yuan in construction funds, and will invest at least another 3 billion yuan in the future. At this time, banks began to tighten their lending to steel companies, and Guangyao Steel Group
Although the company is the largest private steel enterprise in Shandong Province, it is naturally no exception. Fortunately, Guangyao Steel Group Company has still saved a fortune in the past few years, and the bank has not pressed for repayment. Therefore, it can still maintain it. But in the end, this
This is an annoying thing - if the relevant departments suddenly inform that the project has not been approved, the bank will most likely require the company to repay the loan in advance.
In order to obtain approval, these shareholders of Guangyao Steel Group Company had tried their best, and then they learned a piece of news from the province, a news that made them feel as if they were falling into an ice cave from the inside out. This news of Guangyao Steel Group Company
One project has not been approved because Haiyou Iron and Steel Group Company, a large state-owned enterprise in the same province, intends to acquire Guangyao Iron and Steel Group Company. This news made the shareholders of Guangyao Iron and Steel Group Company feel disheartened.
Haiyou Iron and Steel Group Co., Ltd. is a large-scale steel industry established last year by the Shandong Provincial Government in response to the central government's call to merge several state-owned enterprises in the province. It has nearly 90,000 employees and total assets of more than 1,300 yuan.
Ten billion yuan, the annual output of steel, steel and iron exceeds 20 million tons. It can be said to be the unquestionable leading enterprise in the steel industry of Shandong Province. But! It is a loss-making enterprise! In 2004,
In almost half a year after its establishment, Haiyou Iron and Steel Group Company suffered a loss of nearly 1.1 billion yuan, while Guangyao Iron and Steel Group Company made a profit of 1.28 billion yuan during the same period! Moreover, it was established after the merger of several state-owned enterprises.
Naturally, it is also a wholly state-owned enterprise, and it naturally has the same shortcomings as domestic state-owned enterprises.
The shareholders of Guangyao Iron and Steel Group Company are naturally unwilling to hand over the enterprise they have worked hard to build to others, and it is still a state-owned enterprise that is losing money. Not to mention the merger and acquisition, Haiyou Iron and Steel Group Company will definitely try to keep Guangyao as low as possible
As for the value of the steel group company, just think about the possibility that after the merger, Haiyou Steel Group Company will treat the merged Guangyao Steel as a cash machine to make up for the losses of other companies. This makes these shareholders unwilling from the bottom of their hearts.
As the saying goes, good things never come in pairs, and misfortunes never come singly. At this moment, news came that the price of overseas iron ore had increased by 69%. This undoubtedly made the situation of Guangyao Steel Group Company even worse, and the funds were even tighter.
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Di Minzhong is the major shareholder of Guangyao Steel Group Company, owning 41% of the shares, and naturally serves as the chairman of the company.
"Old Zhou, do you have any connections there? Help our company make peace with the superiors. I, Old Di, will definitely be rewarded generously in the future!" Di Minzhong said with a bitter face, "Your Nangang Group Company, in
The status in the hearts of the people above is beyond what we idiots can compare with." Di Minzhong was originally a business section chief at the predecessor of Nangang Group Company, and he was still a colleague with Zhou Ning, the current chairman of Nangang Group Company.
The two had a good relationship at the time. However, in the early 1980s, Di Minzhong resolutely gave up his iron job and went into business. In the early 1990s, he invested all his wealth into the then Guangyao Steel Company and became the first
A major shareholder.
Although Zhou Ning is now the chairman of Nanjing Iron and Steel Group Co., Ltd., Di Minzhong is also the chairman of Guangyao Iron and Steel Group Co., Ltd. When it comes to personal wealth, Di Minzhong is definitely above Zhou Ning but not behind Zhou Ning.
Next. So the relationship between the two has always been maintained.
Nanjing Iron and Steel Group Corporation is no longer what it used to be. It was successfully listed in Hong Kong and has received sufficient development funds. Its status as a member of the Special Steel Association has enabled it to obtain the latest domestic special steel formulas. Although special steel
The output and sales volume of steel are not large, but the profits are high. Moreover, a few years ago, the Special Steel Association proposed that the overseas iron ore imports of all association members would be handled by import and export companies jointly funded by the association members in the future.
After some debate, an agreement was finally reached, which put these companies in a more favorable position than many domestic steel companies in importing iron ore. Nanjing Iron and Steel Group Corporation has also received support from the local government.
, has also been annexing other steel companies in the province in the past two years. Today, the company's scale is only above Haiyou Steel Group Company but not below Haiyou Steel Group Company. Moreover, Nangang Group Company has always maintained profitability!
"Oh, life is sad this year. Not only has the price of iron ore increased, but the shipping fee and the cost of coking coal have also risen sharply?" Di Minzhong complained, "You still have the country to help us.
These poor people can only rely on themselves to hold on." At the end of last year, Japan's Nippon Steel Corporation agreed to purchase this year's coking coal from Australia's BHP Billiton at a price of US$120 per ton, and in 2004
In 2017, coking coal of the same quality was only US$53 per ton. This price undoubtedly exceeded market expectations. The sharp increase in the price of coking coal in the international market will naturally cause the price of domestic coking coal to rise accordingly.
In the domestic steel market, initially stimulated by the news that the international iron ore price has increased significantly by 69%, all kinds of steel products have risen sharply, among which the price increase of construction steel has been the most alarming.
Factories also continued to raise ex-factory prices, causing steel prices to reach record highs. However, the good times did not last long. Starting from mid-April, the domestic steel market began to experience a comprehensive decline. Even the price of cold steel plates, which had been rising continuously for nearly a year, also declined.
There has been a sharp decline.
Although the current steel prices are still profitable for Guangyao Steel Group Company, no one can tell where the bottom of this round of steel price decline will be, and iron ore, shipping costs, coking coal
, the sharp increase in labor costs has caused costs to rise almost upside down, greatly compressing the profit margins of steel companies. More importantly, everyone in the industry knows that domestic steel production capacity has become excessive, and from now to 2000
Before the end of six years, hundreds of millions of tons of domestic production capacity under construction will be released.
Whether in the domestic or international market, the price of steel is currently declining, and the economic situation is not optimistic, which makes Di Minzhong even more anxious. If at this time, the hot-rolled plate and coil project is taken over
Rejected, the situation of Guangyao Steel Group Company is very dangerous. And if Guangyao Steel Group Company is annexed by Haiyou Steel Group Company, of course he, the major shareholder, will suffer the biggest loss. So in desperation, he can only ask for help.
Zhou Ning, can you use the upper-level approach to help this project pass? Even if it means vomiting blood, it is better than losing all your money.
Zhou Ning held the phone and was silent. He now had a general idea of the situation of Guangyao Steel Group Company. Di Minzhong's worries were definitely not unfounded. He deliberately refused to approve the hot-rolled coil project of Guangyao Steel Group Company.
In order to facilitate Haiyou Steel Group Company's low-price merger with Guangyao Steel Group Company, the relevant departments can definitely do such dirty things. Although he is also a member of the system, he takes advantage of you and requires you to be grateful.
The extremely ugly eating appearance also makes people feel extremely unhappy.
Although the relationship between Di Minzhong and him is not close friends, the relationship between the two is pretty good, and as the chairman of Nanjing Iron and Steel Group Company, Zhou Ning naturally does not want Haiyou Iron and Steel Group Company to annex Guangyao Iron and Steel Group Company.
After that, the two steel group companies in neighboring provinces became strong competitors of Nanjing Iron and Steel Group. The sales of their products will definitely affect each other. And every year, relevant departments also rank these state-owned enterprises in the steel industry.
And this ranking has just determined the future future of the person in charge of the company!
Whether it is public or private, allowing Haiyou Iron and Steel Group Company to annex Guangyao Iron and Steel Group Company in this way will not be a good thing for Zhou Ning and Nanjing Iron and Steel Group Company.
Zhou Ning said in a deep voice: "Old Di, if you believe me, I will show you a clear path..." (To be continued, please search Piaotian Literature, the novel is better and updated faster!
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