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In May 25th from the Ministry informed that, in order to adapt to the new normal development of iron and steel industry, strengthen energy-saving environmental constraints, to further improve things in the post industry management, promote the transformation and upgrading of industry, the Ministry of industry, before the "iron and steel industry norms conditions (2012 amendment)" was revised, and in the day before the official publication of the revised "the iron and steel industry norms conditions (2015 Amendment)" and "iron and steel industry standard enterprise management measures". The new version has been implemented since July 1, 2015.
The revised specification conditions, strict control of new steel production capacity, in the Beijing Tianjin Hebei region, the Yangtze River Delta, Pearl River Delta and other environmentally sensitive areas, the implementation of reduction replacement; no new independent ironmaking, steelmaking and hot rolling process of iron and steel enterprises; enterprises should be fully equipped with energy-saving emission reduction facilities.
In addition, the standard conditions also indicate that enterprises should be encouraged to integrate two modern integration technologies, such as modern communication and information technology, computer network technology, industry technology and intelligent control technology, to improve the level of enterprise intelligence.
Qilu Securities said that the steel still has configuration value: demand, production capacity, inventory three periodic resonance is the future plate excess return power source, the steel market has always been the overall sector opportunities, all companies benefit within the sector, can focus attention of Baosteel, WISCO, Valin Iron & steel, the new steel shares, Nanjing steel, steel plates, Daye special steel, Maanshan Iron and Steel shares, etc.;
Optimistic about the growth in transition: the traditional economic slowdown and the introduction of the new model is represent the general trend, new technology may be internal competition in the traditional economic structure changes, if the enterprise can subvert the old business model, can still market share through the expansion of Zhang Dacheng's self rapid growth, and the capital market to the new profit model also gave a high premium valuation.