Comparison of product competitiveness of the top t

Comparison of product competitiveness of the world's top ten steel enterprises

World Steel Statistics 2017 released by the World Steel Association (WSA) ranks the world's steel enterprises according to the crude steel output in 2016, and released the list of the world's top 50 steel enterprises. The top 10 enterprises in crude steel output in 2016 are ArcelorMittal group, Baowu group, Hegang group, Nippon Steel Sumitomo, POSCO group, Shagang Group Anshan Iron and Steel Group, Japan iron and steel engineering holding company, Shougang Group and Tata iron and steel group. Among them, the crude steel output of ArcelorMittal group is close to 100 million tons; Five Chinese enterprises have entered the top 10, namely Baowu group, Hegang group, Shagang Group, Angang Group and Shougang Group; Japan has two companies in the top 10, namely Nippon Steel Sumitomo and Nippon Steel Engineering holdings

according to the data released by wsa on January 23, the crude steel output of countries included in WSA statistics was 145.3 million tons in October, with a year-on-year increase of 5.9%, of which China's output was 72.4 million tons, with a year-on-year increase of 6.1%; Japan's output was 9million tons, a year-on-year decrease of 1.0%; India's output was 8.6 million tons, an increase of 5.3% year-on-year; Italy's output was 2.3 million tons, an increase of 6.1% year-on-year; The output of France was 1.4 million tons, with a year-on-year increase of 1.6%; Spain's output was 1.3 million tons, an increase of 11.9% year-on-year; Turkey's output was 3.3 million tons, an increase of 11.1% year-on-year; The output of the United States was 7million tons, with a year-on-year increase of 12.0%; Brazil's output was 3million tons, a year-on-year increase of 3.9%. In October, the utilization rate of global crude steel production capacity was 73.0%, with a year-on-year increase of 3 percentage points and a month on month decrease of 0.6 percentage points

at the same time, the organization for economic cooperation and development (OECD) recently issued a report warning that overcapacity outside China is affecting the recovery of the global steel industry. According to the report released by the OECD steel Committee, the global steel-making capacity in the first half of 2017 was 2.36 billion tons, a slight decrease of 0.6% from 2.37 billion tons in the same period in 2016. Among them, the steel production capacity in the Middle East, South America and other European countries except the European Union increased significantly. The report predicts that from 2017 to 2019, the global steel production capacity will increase by nearly 40million tons, including about 23million tons in the Middle East. The report believes that overcapacity is a cyclical phenomenon under the conditions of market economy and a structural problem. Since the outbreak of the global financial crisis, the world economic downturn has led to shrinking demand, which is the fundamental reason for the current global overcapacity in steel and other industries. However, China has taken the supply side structural reform as the main line, digested and eliminated excess capacity such as steel and coal, and made contributions to the international community. Last year, China withdrew more than 65million tons of steel production capacity, and this year reduced another 50million tons. The China Iron and Steel Industry Association said that China has basically achieved the goal set last year to reduce 100million to 150million tons of excess capacity within five years. In the past two years, China has cut production capacity equivalent to the total capacity of the United States

the world steel statistics 2017 released by wsa ranks the global steel enterprises according to the crude steel output in 2016, and publishes the list of the world's top 50 steel enterprises. The top 10 enterprises in crude steel output in 2016 are ArcelorMittal group, Baowu group, River Steel Group, Nippon Steel Sumitomo, POSCO group, Shagang Group, Anshan Iron and Steel Group, Japan iron and steel engineering holding company Shougang Group and Tata Steel Group. Among them, the crude steel output of ArcelorMittal group is close to 100 million tons; Five Chinese enterprises have entered the top 10, namely Baowu group, Hegang group, Shagang Group, Angang Group and Shougang Group; Japan has two companies in the top 10, namely Nippon Steel Sumitomo and Nippon Steel Engineering holdings

in February 2002, the three major European steel manufacturers, USINOR of France, Arbed of Luxembourg and aceralia of Spain, announced the merger by share exchange, and became Arcelor steel group after the merger. The headquarters are located in Luxembourg, and the main products include flat products, long products, stainless steel, etc., which are used in automobile, construction industry, household appliances, packaging industry and general industry. In March, 2006, Arcelor steel group was renamed Arcelor Steel Group, and merged with Mittal Steel to form Arcelor Mittal group, the leader of the steel industry

ArcelorMittal group is the world's best steel manufacturer, employing 320000 employees in more than 60 countries and headquartered in Luxembourg. The annual output of the group is 130 million tons, accounting for about 10% of the world's total steel output. It occupies a leading position in the world in the fields of automobile, construction, household appliances, packaging and so on. It has branches in 27 countries in Europe, Asia, Africa and the Americas, and its business scope covers emerging markets and mature markets

in the first half of 2017, ArcelorMittal group's crude steel output was 46.788 million tons, an increase of 1.0% year-on-year; The shipment volume was 43.029 million tons, a year-on-year decrease of 2.6%; The average sales price showed a double-digit growth year-on-year. In addition, the ore business is also a contributor to the group's profit increase in the first half of the year. The operating profit of the ore business in the first half of the year was $594million, an increase of 890%. Although the ore price fell month on month in the second quarter, the price in the first half of the year was still much higher than that in the same period last year. In the first half of the year, the ore output was 28.7 million tons, an increase of 4.0%, and the output of Canadian mines and Mexican Volcan mines increased significantly

Baowu group

Baowu group was established after the joint reorganization of Baosteel and WISCO. The group has three series of products, including plain carbon steel, stainless steel and special steel. It is one of the most influential enterprises in the global steel industry

in 2016, China's crude steel output was 808.37 million tons, with a year-on-year increase of 1.2%. Among them, the cumulative crude steel output of the top 10 iron and steel enterprises accounted for 35.9% of the national output, and the leading enterprise Baowu group accounted for only 7.9% of the national crude steel output compared with the ruler on the main column to check whether the piston travel limit switch works. It is also a significant gap with other foreign countries, so it is imperative to improve the concentration of the steel industry. On April 7, Baowu Group signed a framework agreement with WL Ross company, Sino US Green Fund and China Merchants Group to jointly initiate the establishment of Siyuan iron and steel industrial restructuring fund, which is the first iron and steel industrial restructuring fund in China. Its main purpose is to speed up industry mergers and acquisitions

in the first half of the year, Baowu group achieved a cumulative profit of 8.66 billion yuan, and its operating profit continued to remain the first in the industry. The crude steel output increased by 11.5% year-on-year, the operating revenue increased by 61% year-on-year, and the profit doubled year-on-year. Among them, the sales revenue of the steel sector in the first half of the year reached 57% of the annual budget, and the profit reached 83% of the annual budget. The sales profit margin of steel sector is 5%, which is better than the industry average

hesteel group

hesteel group is a super large iron and steel enterprise jointly established by Tangshan Iron and Steel Group and Hangang group on June 30, 2008. The group now has 16 subsidiaries directly under it, with iron and steel as its main industry, spanning four major sectors: Iron and steel, equipment manufacturing, financial services and modern logistics, with more than 140000 registered employees

at present, the company is dominated by three series of "high-quality plates, vanadium and titanium products, and high-quality building materials". The group's products cover more than 20 important application fields, such as aerospace, military industry, automobile, petroleum, railway, bridge, construction, electric power, transportation, machinery, shipbuilding, light industry, household appliances, etc. The leading products include bar, wire, profile, hot rolled strip, hot rolled plate, cold rolled plate, galvanized plate, color coated plate, wide and thick plate, welded pipe, vanadium pentoxide, vanadium nitrogen alloy, ferrovanadium alloy and other series, covering almost all specifications required by the market. Hegang group plans to produce 28.03 million tons of pig iron, 27.87 million tons of crude steel and 26.87 million tons of steel in 2017, a decrease of 4.2%, 3.8% and 3.6% respectively compared with the actual output of the previous year, mainly due to the impact of steel capacity reduction and air pollution control and production restriction

Nippon Steel Sumitomo

the development of Nippon Steel Sumitomo has gone through three stages: the first stage, in March 1970, the two large steel companies, Bafan and Fuji, combined separately to form Nippon Steel; In the second stage, Nippon Steel, Sumitomo Metal and Kobe Steel officially signed a soft alliance agreement in November 2002, announcing the formation of a strategic soft alliance with Nippon Steel and Sumitomo Metal as the core; In the third stage, on October 1, 2012, Nippon Steel and Sumitomo Metal officially merged to form Nippon Steel and Sumitomo Metal, and became the world's second largest steel producer at that time, with its crude steel output ranking first in Japan

looking at the first three mergers in the history of Nippon Steel and Sumikin, it is not difficult to find that they have certain common characteristics in the merger background, merger motivation and final merger effect. The three mergers basically took place under the background of Japan's weak macro-economy, deteriorating supply and demand in the steel industry and intensifying competition at home and abroad; The reason for merger is that with the help of the government or policies, the merger participants try to generate capacity synergy through merger on the basis of early cooperation, so as to expand the output and quality advantages of advantageous products and enhance market competitiveness; On the whole, the merger effect is significant. The three mergers have achieved the growth of the company's advantageous output, which has led to the improvement of industry concentration. At the same time, the company's own market share and exports have been improved, and finally its performance has improved

Nippon Steel Sumitomo accounts for most of the market share of almost all steel products in Japan. Except for small bar, tool steel, bearing steel and other products, the market share of other products is the highest, especially the market share of steel used in automobile and construction industries is very high. Among the steel products produced by the company, hot rolled coil accounts for 49%, cold rolled coil accounts for 24%, plate accounts for 13%, wire rod accounts for 3%, stainless steel accounts for 1%, and others account for 9%. Among them, the share of hot-rolled coil accounts for nearly half of Nippon Steel Sumitomo products, which can also be printed, because the origin of steel plate is Japan, and the downstream processing production line is transferred overseas through joint ventures, from which equity profits are obtained

Nippon Steel and Sumitomo account for 46% of the sales share in the domestic market in Japan, 35% in other regions in Asia, and about 20% in Europe, North America and the Middle East. The consolidated current profit of Nippon Steel and Sumikin in fiscal 2017 (as of March, 2018, adopting high-precision 24bit SA/D, sampling frequency 200Hz, automatic file change, and full force resolution 1/1000000) is expected to increase by about 70% year-on-year, to about 300billion yen (about 18.27 billion yuan), and the profit increase occurs again after three years. With the improvement of the business environment such as the improvement of the international steel market and the increase of domestic demand in Japan, the overall price rise of steel products will improve the profitability of Nippon Steel and Sumikin

POSCO group

South Korea POSCO group, founded in 1968, is one of the world's largest steel manufacturers, providing more than 26 million tons of steel products to users in more than 60 countries around the world every year. The company has perfect plants in Pohang and Kwangyang, South Korea, respectively, to produce various advanced steel products, including hot-rolled steel coils, steel plates, steel bars, cold-rolled steel plates Conductive steel sheet and stainless steel products, etc. From 500000 tons of steel bars at the beginning of its establishment to the current production capacity of 50million tons of steel bars per year, POSCO group has become the seventh largest enterprise after Samsung, Hyundai, LG, SK, Hyundai Motor and Han Jin

since its establishment, POSCO group has continued the tradition of black word operation, without a deficit, and its excellent income generating ability is outstanding in the world steel industry. POSCO group has a market share of more than 37% in the domestic product market, and is basically in a monopoly position. Its product structure is mainly flat products, with a cold-rolled proportion of 42%. Automobile plates and household appliance plates are fist products. POSCO group recently announced the third quarter of 2017