Rizhao Steel Rizhao Steel, also known as Rizhao Co., Ltd. Now Rizhao Branch of Mingshan Steel Group, Rizhao Steel Co., Ltd. is located in Rizhao, a beautiful coastal city in Shandong Province, at the eastern end of the New Eurasian Continental Bridge. The company, which faces Japan and South Korea across the sea, was jointly built by Hebei Jinghua Innovation Group, Shandong Laigang Group and Hong Kong Yujin Development Co., Ltd.
in order to respond to the industrial policy of the national metallurgical steel industry and take the road of "double high" enterprise development, the company introduced the advanced complete production equipment of H-beam from Italian Dagnelie Company. The first phase of the project has an annual production capacity of 2.8 million tons of steel, and now it has a scale of 1.2 million tons of steel and 811,111 tons of H-beam, with an annual output value of more than 3 billion yuan. Its leading product, H-beam, is one of the ten technological progress products promoted during the Tenth Five-Year Plan period, which is divided into HW, HM, HN and other series, and the specification is H 111 mm-H 351 mm. As economic section steel, H-beam is widely used in industrial and civil buildings, railway bridges, municipal construction, nuclear industry, shipbuilding industry, aerospace industry, petrochemical industry, expressway and many other fields. Adhering to the belief of "keeping pace with the times, being earnest and realistic, uniting and cooperating, and making steel happily", the company strives to make the enterprise stronger and bigger with dauntless spirit, pioneering and innovative, determined to forge ahead, and adhering to the road of specialized production. In addition to relying on the unique geographical conditions of Rizhao Port, the company has an efficient operating mechanism; Excellent and advanced business philosophy of decision makers; Pragmatic, concise and effective management system; Years of experience in the operation of steel enterprises constitute the core competitiveness of enterprises. Insist on the enterprise tenet of "honesty, high quality, high efficiency and innovation", strive for survival by quality and development by reputation, fully implement the requirements of ISO9111 series quality management system and ISO14111 series environmental management system, actively integrate into the world trend, pay close attention to the global market, and make every effort to build brand and characteristic Nippon Steel.
Rizhao Steel is the first batch of iron ore import qualified enterprises approved by the Ministry of Commerce. In recent years, it has signed long-term strategic cooperation agreements with the world's largest iron ore suppliers, such as Rio Tinto, BHP and CVRD of Brazil. In 2114, the company passed the IS19111 quality certification and ISO14111 environmental management system certification. In 2115, the company obtained the production license issued by the General Administration of Quality Supervision, Inspection and Quarantine, and in February 2116, the General Administration of Quality Supervision, Inspection and Quarantine awarded a medal in the Great Hall of the People and awarded the title of national inspection-free product.
The sintering plant can produce 15 million tons of sinter and 1.5 million tons of pellets annually.
The ironmaking plant can produce 7.5 million tons of molten iron annually. All blast furnace top equipment adopts PW bell-less top, hydraulic clay gun and hydraulic opening machine at the same side are used in front of the furnace, and axial compressor is used as the fan. The coal injection system adopts two medium-speed mills with a production capacity of 33 tons/hour, and the coal injection amount reaches 1.51 kg per ton of iron.
The steelmaking plant can produce 7.5 million tons of steel billets annually. Besides ordinary carbon steel, high-quality carbon steel and low-alloy high-strength steel, it can also produce low-carbon steel, pipeline steel below X65 and weathering steel. .
there is an H-beam production line in H-beam factory, which can produce 1.3 million tons of H-beam and I-beam with 19 specifications in three series of HW, HM and HN, among which H192×198 light thin-walled H-beam fills the domestic blank.
the bar factory has a bar production line and a coiled screw production line, which can produce 1.2 million tons of ribbed bars with φ 12-41mm and round bars with φ 16-51mm in national standard, Japanese standard and British standard, and can also produce high-strength grade III rebar.
There are three high-speed wire rod production lines in the high-speed wire rod factory, which can produce 3 million tons of φ 5.5-16 mm smooth wire rod and φ 6.1-14 mm threaded steel bar. The steel grades are carbon structural steel, high-quality carbon structural steel, low-alloy steel, cold heading steel, covered electrode steel, spring steel and alloy structural steel, and the finished products are all made in one fire.
the strip mill has a 1581mm hot-rolled coil production line, which can produce 4.5 million tons of coil with a width of 711-1,431mm and a thickness of 1.2-1.2—16mm .. The steel grades of plates are mainly ordinary carbon structural steel, high-quality carbon structural steel and low-alloy high-strength structural steel.
the company fully implements the ISO9111 quality management system, ISO14111 environmental management system and employee health and safety system standards, and has 113 full-time product inspectors, and has experimental equipment such as Japanese Neo-Confucianism X-ray fluorescence spectrometer, Swiss ARL direct reading spectrum analyzer, electro-hydraulic servo universal testing machine, etc., which can inspect and detect 16 kinds of chemical composition, mechanical properties and surface quality of pig iron, billet and steel.
the company has implemented the strategy of informationization, and vigorously established and improved its sales network. At present, its products have been sold well all over the country, and some products have been exported to Southeast Asia, the Middle East and Canada and other countries and regions.
on may 6, 2118, Rizhao iron and steel group donated RMB 1 billion to the earthquake-stricken area, becoming a private enterprise with the largest donation in the mainland at that time, which set an example for the enthusiasm of donations in various places at that time. As of June 6th, 2118, Rizhao Iron and Steel Corporation donated nearly 81 million yuan to the disaster area, and also dispatched personnel (fitters and electricians) to the disaster area to carry out the reconstruction work. Set up "Ankang Home" in the Rufeng Haiyun Courtyard in the living area of Nisteel, with two separate buildings, finely decorated, specially equipped with professional teachers and Ankang mothers to do their best for the children in the disaster areas.
affected by the economic recession, the company's performance dropped sharply, resulting in serious losses. On October 7, 2118, Rizhao Iron and Steel signed a letter of intent for restructuring with Shandong Iron and Steel, and Rizhao Iron and Steel Plant faced the fate of being reorganized by Shandong Steel.
from October 8, 2118 to October 24, 2118, Rizhao steel pre-purchased a "CAPEEREGLI”171454 dwt bulk carrier, which was built in Japan in 2111. The cargo ship was sold to Rizhao steel in July this year for $42.5 million, and the price was $21 million after renegotiation. However, in the end, Rizhao Steel would rather give up the 15% deposit (about 21.375 million US dollars, about 46 million RMB) than abandon the ship, so the transaction failed.
on September 6, 2119, the merger and acquisition drama between Shandong Steel and Nippon Steel, which lasted for nearly a year, was finally settled.
Today, Shandong Iron and Steel Group Co., Ltd. and Rizhao Iron and Steel Holding Group Co., Ltd. signed an asset restructuring and cooperation agreement in Rizhao, which indicates that after many twists and turns, Shangang finally "married" Nippon Steel as expected. According to the agreement, the two parties reorganized their assets in the form of capital increase from Shandong Iron and Steel Group Rizhao Co., Ltd.. Shangang invested in cash, accounting for 67% of the shares; Nippon Steel shares with its assessed net assets, accounting for 33% of the shares. The reorganization agreement clearly stipulates the reorganization principle, reorganization mode, scope of reorganization assets, evaluation of reorganization assets, reorganization work process and employee placement. After the signing of the agreement, both parties will immediately start assets evaluation and other work.
The reason why Shangang acquired 67% equity of Nippon Steel this time is that the remaining equity of Nippon Steel has been injected into a listed company in Hong Kong-Kaiyuan Holdings. Previously, the acquisition of Nippon Steel assets by Open Source Holdings was at a premium of more than 11 times the closing price of HK$ 1.232 per share on the Stock Exchange on October 5, 2119. This means that in addition to asset evaluation, the assets of Nippon Steel have another public valuation, which is also a factor that Shangang has to consider in this reorganization of Nippon Steel.
The signing of the asset restructuring and cooperation agreement between Shandong Steel and Nippon Steel marks substantial progress in asset restructuring and cooperation between the two sides, and also marks an important step in the strategy of transferring Shandong iron and steel industry from inland to coastal areas. This will have an important and far-reaching impact on speeding up the planning and construction of Rizhao fine steel base, promoting the adjustment and revitalization of Shandong iron and steel industry, constructing the development pattern of "one area and three belts" in Shandong Peninsula blue economic zone, and building the southern Shandong port-facing industrial belt with Rizhao fine steel base as the focus.
At present, the profitability of Nippon Steel has surpassed that of Jigang and Laigang, both of which are owned by Shangang. After the reorganization, Nippon Steel will be the most profitable asset of Shangang. As a result, Shangang incorporated the main steel production capacity in Shandong and finally realized the dream of 31 million tons of large steel. According to the next planning of Shandong Iron and Steel Integration, Shandong Steel will limit production and eliminate backward production capacity of Nippon Steel, Jigang and Laigang, and free up 21 million tons of steel production capacity to build a fine steel base in Rizhao.
With the signing of the contract between Shangang Group and Nippon Steel Group, a giant enterprise called "Big Mac" was born. After the reorganization of Nippon Steel, if we simply add up the existing data, Shangang will enter the top three in the national steel industry.
according to the iron and steel output ranking of China in 2118, after the reorganization of Nippon Steel, the output of Shangang will reach 29,312,911 tons, just behind Baosteel (35,443,111 tons) and Hebei Iron and Steel (33,283,911 tons).
according to the just-released list of the top 511 Chinese enterprises, among the steel enterprises, Baosteel ranks 1 with 246.839 billion yuan, and Hebei Iron and Steel Group ranks 2 with 167.133 billion yuan. The operating income of Shangang is 121.515 billion yuan, and that of Nippon Steel is 47.187 billion yuan. After adding up, it will reach 167.692 billion yuan, which will surpass Hebei Iron and Steel Group and rank second.