Steel, cement, glass capacity replacement measures introduced strict replacement requirements
The Ministry of Industry and Information Technology recently issued the "Measures for the Implementation of Capacity Replacement in the Steel Industry" and the "Measures for the Implementation of Capacity Replacement in the Cement and Flat Glass Industry" to revise the original capacity replacement method. Industry analysts believe that the new regulations are generally more stringent, and the intensity of new production capacity and capacity reduction is further increased. Capacity replacement has also become an important means to achieve an organic combination of new production capacity and structural adjustment. Capacity replacement requirements are tightening According to the Capacity Replacement Method, the capacity for replacement must meet the requirements of “1 must + 6 not allowedâ€. “1 Necessary†means that the smelting equipment used for capacity replacement shall be in the list of industrial smelting equipment submitted to the State Council for filing and capacity-removing plans in 2016 by the State-owned Assets Supervision and Administration Commission of the State Council and the provincial people's governments, and legal compliance smelting completed in 2016 and beyond. Equipment can also be used for capacity replacement. Smelting equipment not in this range shall not be used for replacement. “6 no†means that the capacity for capacity replacement shall not be the capacity to be included in the capacity-removal task, the exit capacity of the award-winning funds and policy support, the “strip steel†capacity, the backward production capacity, and the main body removed before the replacement is confirmed. 6 types of production capacity, such as equipment capacity, casting and other non-industry smelting equipment capacity. Any of the touches shall not be used for replacement. In terms of replacement ratio, the “Capacity Replacement Method†requires that the replacement ratio of environmentally sensitive areas such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta continue to be implemented at a minimum of 1.25:1, and other regions are adjusted to reduce replacement by equal-volume replacement. At the same time, it is stipulated that provinces (autonomous regions and municipalities) that have not completed the target of total capacity control shall not accept the production capacity of other regions. The relevant person in charge of the Raw Materials Industry Department of the Ministry of Industry and Information Technology said that in order to standardize the calculation of the replacement ratio and avoid the phenomenon of playing “digital gamesâ€, the “Capacity Replacement Method†adjusted the capacity conversion table used to calculate the replacement ratio and canceled the same furnace capacity. The conversion (electricity) furnace is adjusted to the number of conversions of the common steel and special steel, and is adjusted to the unified conversion number. According to the capacity of the electric furnace during the whole scrap steel smelting, the capacity conversion standards such as electric furnace in the capacity conversion table are reduced. When each company calculates the replacement ratio, it is necessary to “calculate the amount of one ruler in the endâ€, that is, to withdraw the production capacity and build the production capacity, and use this conversion table to calculate, so that it is relatively fair and reasonable. There is only one purpose to be achieved in the "Capacity Replacement Method", which is to prohibit new capacity. Qiu Yuecheng, the principal researcher, believes that from the supply side, this year's capacity replacement project may exceed the expectation, the process of the intermediate frequency furnace conversion furnace is accelerating, and another batch of small construction and “reinforcing production of “strip steel†has reappeared, and new capacity has rebounded. The signs, whether the policy level can maintain a high degree of pressure, will be crucial to the trend of steel prices in 2018. Cement and flat glass industry to increase the intensity of replacement Regarding the resolution of excess capacity of cement and flat glass, the relevant person in charge of the raw materials industry department of the Ministry of Industry and Information Technology clearly pointed out that the work of overcapacity overcapacity has achieved initial results, but the contradiction of overcapacity has not been alleviated. The stable development of the industry is still not solid, especially It is the cement industry, with more than 800 clinker production lines with a daily production capacity of 2,500 tons and below, and a production capacity of more than 500 million tons. In order to control the “no new capacity†from the source, the company will guide the enterprises to withdraw the excess capacity of the weak competition as soon as possible through joint restructuring and capacity replacement. The revised new regulations are more stringent and more powerful than the original measures. . This document is more stringent than the previous one for capacity limitation and capacity index verification for replacement. The “Cement Glass Capacity Replacement Measures†stipulates that: except for the implementation of the same amount of replacement in the Tibet Clinker Project, other regions will implement full reduction and replacement, among which: 1 ton for each construction project in the environmentally sensitive area specified by the State. Capacity must be shut down to exit 1.5 tons of capacity; construction projects located in non-environmentally sensitive areas must shut down and exit 1.25 tons of capacity for each ton of capacity built. The flat glass project continues the replacement ratio of the original method. It is located in the construction project of the environmentally sensitive area stipulated by the state. The quantity of capacity to be replaced and replaced shall be no more than 1.25 times of the construction project, and the other areas shall be replaced by the same amount. The revised new regulations have also added some new contents, such as the provision of energy-saving and emission reduction technological transformation projects based on existing main equipment to determine the non-addition of new capacity, and the industrial glass projects with a new melting furnace capacity of not more than 150 tons/day. Replacement plan. There is a phenomenon of “first build and then split†in the capacity replacement scheme. In addition, it has increased the punishment for the occurrence of untrustworthy behavior in the process of capacity replacement. ã€Related Reading】 Industry reform focus shifts to deleveraging The Ministry of Industry and Information Technology recently announced the "Industrial Capacity Replacement Implementation Measures", and revised the original capacity replacement rules. In the eyes of the industry, this is a sign that the supply side reform of the industry continues to advance, and as the industry benefits improve, the focus of this year's reform will turn to de-leverage and mergers and acquisitions. Cement industry earnings are expected to continue to improve As one of the most concerned cyclical industries in 2017, the profitability of listed companies in the cement industry in 2017 has received much attention. In the view of Guojin Securities, with the development of sheds, multi-main housing construction and the construction of local infrastructure, the demand side is expected to remain stable, the cement price will stabilize at a high level, and the industry's profitability is expected to continue to improve. PVC wall panel,white pvc wall sheet,wall panel board pvc,plastic wall panel ZHENHAO BUILDING MATERIALS CO.,LTD , https://www.zhpvctile.com