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Which Chinese steel is strong? These 14 companies are known as "very competitive"

  • Source:China steel net
  • Release on:2019-02-22
https://www.steelhomewaresupplier.com/news/Direttore-generale-della-World-Steel-Association.htmlhttps://www.steelhomewaresupplier.com/news/Direttore-generale-della-World-Steel-Association.htmlOn December 10th, the Metallurgical Industry Planning and Research Institute released the “Comprehensive Competitiveness Rating of Steel Enterprises in 2018” in Beijing, China Baowu Iron and Steel Group, Shougang Group, Hegang Group Co., Ltd., Shagang Group, Angang Group Corporation, Taiyuan Iron and Steel Group (Group) ), CITIC Pacific Special Steel Group Co., Ltd., Nanjing Iron and Steel Group Co., Ltd., Ma Steel (Group) Holdings Co., Ltd., Shandong Iron and Steel Group Co., Ltd., Rizhao Steel Holding Group Co., Ltd., Fangda Iron and Steel Group Co., Ltd., Liuzhou Iron and Steel Co., Ltd. A total of 14 steel companies of the group company and Xinxing Casting Pipe Co., Ltd. were selected as “A+” (very competitive) enterprises.

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According to the Metallurgical Industry Planning and Research Institute, the comprehensive competitiveness rating of iron and steel enterprises in 2018 is divided into three major sections, 14 elements and 23 indicators, and a standard indicator system framework is constructed. The framework of competitiveness elements is divided into three sections, namely, enterprise basic competitiveness, enterprise development competitiveness and enterprise performance competitiveness.
The basic competitiveness of the enterprise mainly considers the material basis of the competitiveness of the enterprise, that is, the production materials and labor tools in the productivity factors, such as technical equipment, scale basis, resource supply, and the use of indicators such as the degree of intelligence; Human resources, technological innovation, energy and environmental protection, service level, logistics efficiency, etc., which consider the competitiveness of enterprises, and diversified and international indicators reflecting the characteristics of business operations;

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the business performance competitiveness sector mainly considers the actual performance of enterprise competitiveness, such as Indicators such as total profit, profit margin, debt ratio, and quick rate.
The participants in this competitive rating have a total of 108 steel companies, and the total crude steel output accounts for 88% of the country's total output. Among them, there are 14 steel companies with a competitive rating of A+ (very competitive), 26 steel companies with a competitive rating of A (excellent competitiveness), and a competitive rating of B+ (high competitiveness). There are 43 steel companies.

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Founded in 1972, Metallurgical Industry Planning and Research Institute is a state-level industry planning research and engineering consulting institution. It is also the only metallurgical industry specialized in steel industry development planning and strategic research. Since 2011, the Metallurgical Industry Planning and Research Institute has published a ranking and rating of the competitiveness of steel companies for eight consecutive years. China Baowu Iron and Steel Group (and its predecessor “Baosteel Group”) are among the highest ranked steel companies in the world.