Wuhan Iron and Steel setback reorganization approved the first two bases are not built into

 Xiangdong
Economic Observer Online reporter who re-mergers in the steel appreciable gains in the Wuhan Iron and Steel (Group) Company, now faces embarrassment.

Recently, Qi Lin Deng, chairman of Wuhan Iron and Steel again called for the approval as soon as possible Fangchenggang steel base project construction, while the relocation as soon as possible to adjust the approved renovation project Kunming Steel. The two projects are the re-Liuzhou Iron and Steel and Wuhan Iron and important platform for Kunming Iron and Steel, approved two projects will determine whether the strategic restructuring of the success of Southwest China Wuhan.

Bureau of Statistics Qiu Xiaohua, former director of CNOOC researchers turned low-key comeback in the suspension of negotiations on iron ore Steel Association billions of dollars in poor counties in Ningxia, the oil crisis of the alarm and then build a new town ming test of economic recovery in case of expansion of the Nu River Hydropower Development experts fear the medical field trouble brewing third-party mechanism should be introduced high-definition: the first 83 in Libya to return home security room will push prices for the simple reason
present, advance construction of these two projects are nearing completion.

2005 年 12 months, the Wuhan Iron and Steel and the Guangxi State Assets Commission signed a ) joint limited liability company, which, Wuhan Iron and Steel in cash, representing 51% of registered capital.

2008 年 9 months, Wuhan Iron and Steel United Company was renamed Liuzhou, Guangxi Iron and Steel Group Corporation. Meanwhile, the company registered by the change of Fangchenggang in Guangxi Nanning City, the company an initial registered capital of 440 million, of which 80% stake held by Wuhan Iron and Steel Group, holds 20% stake in Guangxi, the SASAC. Wuhan Iron and Steel Group, all in cash.

Fangchenggang Wuhan iron and steel base is the basis for reorganization Liuzhou Iron and Steel, Wuhan Iron and Guangxi Provincial State in accordance with the plan, the scale of Fangchenggang iron and steel base in Phase III of 3000 tons of steel, with a total investment of 204.9 billion yuan, of which a project size of 1,000 tons of steel, construction investment is 68.6 billion.

Wuhan Steel and Liuzhou Iron and Steel for the Fangchenggang project cost, the total capacity of 5.41 million tons out of iron, steel making capacity of 9.1 million tons.

Wuhan Iron and Steel had hoped that the project can Fangchenggang the end of 2008 the State approved and officially started in early December, and strive in the first half of 2011, the first production line put into operation within 30 months, 2012 The overall project fully completed and commissioned.

Liu from Wuhan Iron and Steel formal reorganization since the date five years passed, and Fangchenggang base construction has also been promoting for several years, sources said, Fangchenggang already have started a project conditions. But so far, the project has not been able to get the country's This also allows Fangchenggang iron and steel projects, to become China's largest iron and steel base construction is not approved before.

restructuring of Wuhan Iron and Steel of Kunming in August 2007, the two sides officially signed the restructuring agreement. Under the agreement, Wuhan Iron and Steel shares in full in cash, access to Kunming Iron and Steel 48.41% of the equity shares, becoming its largest shareholder, Kunming Iron and Steel capacity of 600 tons.

White Kunming Iron and Steel Wuhan Iron and Steel after the reorganization as the first step is to Kunming Iron and Steel restructuring and capacity upgrades. It is reported that projects involving 1.85 million tons of new capacity has been on December 25, 2009 officially started, but has yet to be approved.