Registered capital of 20 billion, another "national character" enterprise was established!Aiming at this kind of ore, it cost 1.2 trillion yuan at high prices last year

As the steel industry was plagued by the fluctuation of iron ore prices, a new central enterprise that integrates national iron ore procurement and overseas iron ore assets was officially established.

Information from many institutions such as Qixinbao showed that China Mineral Resources Group Co., Ltd. (hereinafter referred to as China Mineral Resources Group) was established on July 19, 2022, with a registered capital of 20 billion yuan. Mining, metal ore sales, etc. The group's registered place is Xiong'an New District, the legal representative and chairman are Yao Lin, and the general manager is held by Guo Bin.

Photo source: Qixinbao screenshot

It should be noted that as of press time, the national corporate credit information publicity system has not yet been inquired about the company. Yao Lin had previously been in charge of China ’s largest aluminum central enterprise, China Aluminum Group. On the afternoon of July 19, a person familiar with the matter revealed to the reporter of the Daily Economic News that the internal internal decision of Yao Lin has been known to Yao Lin in the internal week, but it took over, but it took over, but it took over, but it took over. The office's office was not announced.

As the chairman of the current news, as the chairman of the current news, Yao Lin has left Zhong Aluminum Group last week. At present, Yao Lin's information is still on the official website of Zhong Aluminum Group.

On July 18, "Caixin" reported that a new central enterprise that will integrate some state -owned iron ore procurement and overseas iron mine assets is being prepared. The platform, which is also invested in the development of mines.

The report shows that the above -mentioned new central enterprises have started preparations from mid -2020. This year, corporate entities have been established, and some senior management personnel have been in place. Among them, Yao Lin, the chairman of the former Zhong Aluminum Group, was appointed as the leader of the preparatory team in the second half of 2021.

On the afternoon of July 19, a person familiar with the matter revealed to the "Daily Economic News" reporter that Yao Lin's removal decision was learned last week, but it was not announced for his next job.

From the perspective of the resume, Yao Lin "airborne" in October 2019 was the chairman of Chinatary Aluminum Group. In about 30 years before, he worked in Ansteel Group. Chairman and Secretary of the Party Committee.

Except for senior executives, the shareholders structure of China Mineral Resources Group has not yet been announced. However, from the perspective of the steel industry, the formation of formation is similar to the China Rare Earth Group, which was established at the end of 2021. It is established by a number of central enterprises including the SASAC. Large state -owned mining and steel companies.

According to media reports such as the 21st Century Business Herald, Securities Times and other media reports, in addition to Yao Lin, who was born in Chairman of China Aluminum as the chairman of the new company, Guo Bin, deputy general manager of China Baowu, will be the director and general manager. He serves as China Baowu and his predecessor Baosteel Group. He currently serves as Deputy General Manager of China Baowu and general representative of Wuhan Headquarters. Gao Xiaoyu, an executive director of the Minmetals Resources and CEO of the Chief Executive Officer, is the deputy general manager. Another deputy general manager was Shao Anlin, an academician of the Chinese Academy of Engineering, from the Anshan Iron and Steel Group, and Gao Yan (gǎo), deputy secretary -general of the Development and Reform Commission.

Caixin.com reports that part of the West Mangu's rights held by Chinhuman Aluminum Group may also be transferred to the new state -owned enterprise. SIMFER SA, a joint venture company held by the Guinea government, Lito, and CNOOC, holds the mining rights of No. 3 and No. 4 of Ximangdanan Section, including 39.95%of CNOCOs.

A number of people in the steel industry told the reporter of "Daily Economic News" that there were relevant news circulating in the industry last week. At that time, the news was that the new central enterprise would be responsible for integrating domestic iron ore imports and foreign ore with iron ore. The price talks to increase the pricing power of China on the iron ore industry.

As early as March 2021, He Wenbo, Secretary of the Party Committee and Executive President of the Sinosteel Association, suggested: "Establish an overseas iron mine resource development group from the national level, coordinate overseas resources, steadily promote the development and utilization of overseas resources, and form an effective supply capacity as soon as possible ","

"The procurement of various steel mills is basically decentralized, so under special circumstances, the competition of domestic steel companies may increase its own competition." On the afternoon of July 19, Zhang Fengrui, a senior analyst of Lange Iron and Steel Iron ore, " The reporter of the Daily Economic News said that after this (established by China Mineral Resources Group), the centralized distribution of resources may be achieved, thereby reducing domestic enterprises' internal competition in iron ore procurement.

Photo source: Photo Network -id: 500478489 (unrelated graphic)

Previously, foreign media had reported news about the establishment of new central enterprises. The British "Financial Times" has reported that in order to seek to improve its pricing power to the iron ore industry, China will establish a new central enterprise by the end of this year to integrate the country's iron ore import business.

Zhang Fengrui said: "Because of their own steel companies, they were politically politically, so the right to speak in the face of iron ore purchases in overseas mine companies, which caused domestic steel companies to only be led to a certain extent." China minerals The establishment of the resource group can replace the purchase of some steel companies to a certain extent, thereby further enhancing domestic enterprises' right to speak on iron ore procurement.

As one of the pillars of the national economy, the price of iron ore raw materials is particularly important. According to data from the National Bureau of Statistics, the total demand for China's iron ore in 2021 was 1.422 billion tons, of which the import volume was 1.124 billion tons, accounting for nearly 80% of the total demand. 80%of the iron ore imported from China comes from Australia and Brazil. "Previously, because of the low concentration of domestic steel mills in my country and decentralized procurement, in some special circumstances, various companies have pushed up the competition in the domestic iron ore market in disguise for their own production needs." In Zhang Fengrui's view The establishment of new central enterprises will increase the industry concentration of domestic iron ore procurement.

A person from Shanghai Steel Union revealed to the "Daily Economic News" reporter that as the world's largest steel producer, my country's iron ore mainly relies on imports. Enterprises purchasing iron ore is mainly based on national foreign ministers. The price of ore has remained high, and the changes in the international situation have also increased their impact on the supply of the industrial chain.

Minsheng Securities pointed out that since the ore in the Tamsui River Valley in 2019 is difficult, the price of iron ore has been high, which has seriously eroded the profits of domestic steel mills. The agency pointed out that if a centralized purchase system for iron ore is implemented and a centralized management group integrates the national iron ore import business, it will effectively improve China's bargaining ability to iron ore, thereby boosting the profitability of Chinese steel mills.

According to data released by the General Administration of Customs on January 17, from January to December 2021, China ’s cumulative imported iron ore was 1124.315 million tons, a year-on-year decrease of 45.19 million tons, a decrease of 3.9 %.

However, from the perspective of the import amount, according to RMB, the import volume of iron ore in 2021 increased by 338.52 billion yuan year -on -year, an increase of 39.6%, reaching 1.2 trillion yuan (for the first time exceeded 1 trillion yuan), accounting for the total imports of 17.4 trillion yuan in China in China 7%. Based on the US dollar, the import volume of iron ore in 2021 was US $ 184.67 billion, an increase of 60.94 billion US dollars year -on -year, an increase of 49.3%.

Last year, my country proposed the "Raw Materials Industry Development Plan", formulated a number of plans to expand domestic mining and increase the use of scrap steel, and establish the goal of greatly increasing the self -sufficiency rate of iron ore.

In February of this year, the State Administration of Market Supervision jointly warned some iron ore trading companies to not be accumulated for accumulation, and also talked about iron ore information companies and requested not to squeeze and spread price increase information.

Reporter | Peng Fei

Edit | Zhang Haini Sun Zhicheng Du Hengfeng

School pair | He Xiaotao

｜ Daily Economic News nbdnews original article ｜

Daily Economic News

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