Hebei Steel Group's big but not strong full-year profit of less than 1 3 Baosteel

 Reorganization Handan Steel, Tangshan Iron and Steel, Hebei Iron and Steel Group last year to 40.2 million tons of production capacity ranks the first in the world, also ranks second only to Arcelor Mittal's 73.2 million tons. In 2010, Hebei Iron and Steel Group to continue large-scale mergers and acquisitions, in early 2010 acquired from CITIC Shijiazhuang Iron and Steel, Hebei Iron and Steel to fill gaps in product lines. In the end, it is wantonly private steel enterprises in Hebei incorporated to mid-January 2011, has incorporated 16 private steel enterprises in Hebei Province, with production capacity over million tons, total capacity will reach 6,000 million tons.

(This article Source: NetEase of: Li Guimin)

Although the first stable production, 40 billion yuan in profits and not Baosteel recently announced profits of 128 billion to 1 / 3, indicating Hebei Iron and Steel Group's Strong. The key lies in Hebei Iron and Steel Group's product mix has low value-added products, while Baoshan Iron and Steel Group's products either high value-added automotive sheet metal based. Hebei Steel Group Chairman Wang Yifang in May, said an internal meeting, the current gap between Hebei Iron and Steel and Baosteel, poor backward in the product structure, the added value of the difference in the product. He believes that the current level of equipment, Hebei Iron and Steel has had the ability to produce high quality products, first-class benefits.

after Angang, Shougang had been announced over 30 million tons annual output of the data, although Baosteel, Wuhan Iron and Steel Group has not yet announced full-year production data, but as Baosteel, Wuhan Iron and no significant production capacity this year, M & A , the annual data over the production of Hebei Iron and Steel Group will have a big gap, Hebei Iron and Steel Group will continue to sit tight in China's largest steel enterprises in the world.

Wang Yifang proposed annual crude steel production in 2011 will try to reach 46 million tons, operating income of 230 billion yuan, total profit and tax of 100 billion.

NetEase Finance Jan. 19 hearing, Hebei Iron and Steel Group was held on January 18 of the annual work conference, said Group Chairman Wang Yifang, Hebei Iron & Steel Group 2010 steel output reached 44.78 million tons, an increase of 6.4%, crude steel production continue to maintain the leading domestic revenue reached 2200 billion yuan, up 24.3%; annual profits of 8.1 billion, profits of 40 billion yuan, an increase of 33.3%.