中国钢铁行业重组与外资的进入--以“莱钢”与阿赛洛合资案为例

Recombination of Chinese Iron and Steel Industries and the Introduction of Foreign Investment——Taking as an example the share holding between Laiwu Steel and Arcelor

中国作为世界上公认的钢铁大国,其市场集中度低下的事实也是有目共睹的。提高产业集中度、促进企业兼并重组、提高行业的国际竞争力已经成为国家钢铁行业政策的基本目标。然而,以往的经验表明,依靠行政命令的方式进行行业重组,效果并不理想。作为世界钢铁消费量第一且还在不断扩大的中国内部市场,目前尚没有完全融入世界大市场,正是这一巨大的市场需求支持着我国众多钢铁企业的生存和发展。尽管中国政府可以暂时挡住外资对我国钢铁企业的并购,但是期待这一世界瞩目的高增长市场长期为我国的钢铁企业独占并不现实,与我国改革开放的长期国策也不相符,这就意味着我国的钢铁企业迟早要面对国际钢铁企业的竞争。

Although as a big and commonly-recognized country of iron and steel, China has an obviously low market centralization. It has become a basic objective for the policy of national steel industry to enhance industry concentration, promote business merger and recombination and improve international competitive power. However, according to former experience, it does not work well to reorganize by relying on administrative orders. With the largest consumption of world iron and steel, the expanding domestic market of China has not completely merge into the big international market. Vast market demands encourage the survival and development of Chinese businesses. Although Chinese government can temporarily resist the merger by foreign capital, it is still not realistic to expect our steel businesses to possess exclusively this noticeable high-increasing market nor does it conform to our long-lasting policy of reform and opening-up, which means that our steel businesses will be confronted with the competition with international steel businesses.