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Wen丨Xiaofei is a little annoyed
Editor丨Xiaofei is a little annoyed
Preface
South Korea once had the world's largest steel company, Pohang Steel, which can be said to be a pillar of Korea's industrial development and contributed to the development of South Korea.
Of course, as the world's first, today's strength is still not to be underestimated, and compared with today's China, the strength of the mainland Baowu Group is also very strong.
The development of POSCO
South Korea's POSCO was established in the late 60s of the last century and began to make a profit in 1973, and it has to be said that POSCO Steel was undoubtedly strong at that time, and the crude steel output in the second phase alone reached half of South Korea's steel consumption that year.
With the help of Japan, the development of POSCO is booming, and the annual steel production is gradually rising, and in the past few decades, South Korea's POSCO has become the world's most powerful integrated steel plant from a new enterprise. According to the data, POSCO's annual crude steel output reached 28 million tons at that time!
Pohang Steel is not only the pillar industry of South Korea's steel production, but it also has a presence in other countries, such as the existence of 10 factories in the mainland, which shows that its influence is still very strong.
However, after the privatization of POSCO in 2000, POSCO also began to decline, from the world's number one steel company, from the world's top 188 to 201 in 22 to 23 years.
In recent years, POSCO's annual steel output has begun to decline, just as the steel output of POSCO has decreased by nearly 4 million tons in 22 years compared with 21 years, especially in the backward annual ranking, it can also be seen that POSCO's steel production is decreasing year by year.
Of course, although POSCO is not as glorious as it once was, it is still a huge industry, with the number of employees remaining between 30,000 and 40,000 from 17 to 22 years, and the number of employees is not large, and the per capita output value is still stronger than that of many companies.
And as far as the United States once evaluated as the world's most competitive steel manufacturer, it has indeed not lost its name, and since its establishment, there has never been a fiscal deficit, which can be seen in its ability.
As of 22 years, POSCO can still produce more than 38 million tons of steel per year, and its revenue can reach 66.4 billion US dollars, which is one of the few in the world.
Looking at the development of South Korea's Pohang Iron and Steel is so strong, even if it is not at its peak, it is still brilliant, so compared with today's China Baowu, what are China's steel enterprises?
The development of China's steel industry
It is undeniable that there are indeed some problems in the early stage of China's industrial development, in fact, it started late. In the early stage, that is, in 1988, the output of the largest Anshan Iron and Steel Plant in the mainland at that time was 590,000 tons less than the 8.5 million tons of Pohang Iron and Steel in 80 years.
In 88 years, the total output of steel in the mainland reached 59 million tons, and in this data, in terms of the output of Pohang Iron and Steel in the same period, 18 million tons accounted for about one-third of the total output of the mainland.
During this period, the development of the mainland's steel industry was still in the process of struggling forward. However, after entering the 21st century, China's steel production began to grow by leaps and bounds, and began to increase gradually in 13 to 20 years.
In 13 years, the crude steel of the mainland reached 779 million tons, and in 19 years it reached 996 million tons, and as of this year, the crude steel output of the mainland reached 1.15 billion tons, accounting for 55% of the world.
In these data, the mainland steel industry has made a huge contribution to it, such as the mainland's Baowu Group.
China Baowu Group is a key state-owned backbone group enterprise in mainland China, established in 1992, and in business, in 21 world 16 years, China Baosteel and Wuhan Iron and Steel formed into today's Baowu Group.
Before 17 years, the development of Baowu was still relatively decent, slowly moving forward, and after 17 years, Baowu Group began to develop rapidly, in 20 years to become a world-class demonstration enterprise in the mainland central enterprises, and in 21 years was rated as the world's top 500 ranked 72nd!
In 22 years, the crude steel output of mainland Baowu enterprises broke the trillion revenue for the first time! The revenue it created alone could reach 22nd in the GDP ranking of all regions of the country in the same year!
It can be said that from 20 years of Baowu crude steel production of more than 100 million tons, to 22 years of revenue of more than one trillion is a huge increase, and this year, Baowu crude steel production is still maintained at 10,000 tons, and has been increasing, China Baowu with a total operating income of 161698.4 million US dollars in the strength of the world's top 500 rankings also came to 44, the same as the 22 years of ranking.
The gap between Pohang and Baowu
Although South Korea's Pohang used to be the big brother of steel production, the glory of the past was only the glory of the past, and now the mainland's Baowu steel production is not what it used to be.
Take POSCO's crude steel production and revenue in 22 years as a comparison, POSCO declined compared with the previous year, while Baowu is thriving, and both crude steel output and revenue have surpassed POSCO, and its ranking in the world's top 500 also speaks for itself.
Now Baowu's strength is stronger than Pohang, of course, for a country like South Korea, the volume is naturally not comparable with China, and such a country, but the existence of Pohang such an industrial heavy enterprise is really rare, although South Korea has been incomparable with China in terms of output, but their revenue is still very considerable.
With such a revenue capacity, I have to say that Pohang's ability is still obvious to all, but based on South Korea's development pace and privatization, it has gone downhill, but it is still relatively stable.
Compared with China, China's development is booming, especially with China's size, in industrial development, steel production surpasses South Korea is normal, in China's future development, will only keep moving forward, progress, the gap will only get bigger and bigger.
In the 2022 ranking of steel production companies, seven of the top 10 major steel producing companies in the world are Chinese companies.
It can be seen that Posco's competitiveness is much less than that of Baowu, and the steel production of China and South Korea is not the same, or it is reversed from the previous situation
With the continuous development of China's iron and steel industry, especially China's vast land and abundant resources, the gradual increase in steel production is inevitable, and this is also conducive to the development of the mainland. Take Baowu as an example, it is not only the main force of steel production, but also the new material industry, resource and environment industry, industrial park industry and so on. These are all related to the development of industries involved.
The development of new materials and emerging metallurgical materials will make the development of China's industry more competitive in the future, especially high-tech products, the development of national defense forces, etc. The development of resources and environment is in response to the concept of national sustainable development.
In the current development of the world, leading is important, but it is also necessary to maintain the leading process, to maintain the protection and rational and effective use of natural surrounding, resources, so that limited resources to complete better development, energy conservation and environmental protection to do a good job of long-term discovery, but also for the future generations of human beings to leave a better living environment.
This is not only what China should do, but also needs to be so, in the world, while developing the industrial level, we must also try our best to maintain the protection of the environment and resources, so as to achieve more powerful development and better progress.
epilogue
A company like South Korea's Pohang Iron and Steel, its potential is already very good, in the early development and subsequent development, Pohang Steel's output is top, but in today's world, South Korea's Pohang is a little insufficient, and the current performance also speaks for itself.
Relatively speaking, the potential of China Baowu Group is stronger, and the prospects for development are broader, especially now China's development is like a rocket, many aspects have a place in the world, in such a development process, China's future can be expected, and I believe that in the near future, China's industrial development can go further.
Information sources:
https://www.fortunechina.com/fortune500/node_65.htm