The steel industry is expected to receive 1 billion yuan in technical reform funds this year

This year, the iron and steel industry is expected to receive one billion yuan of technical reform funds to support enterprises in technological transformation, research and development and the introduction of technological progress in the form of loan interest subsidy. It has always been one of the areas of concern for major industry revitalization plans.

The reporter learned from an authoritative source yesterday that in the plan for the revitalization of the top ten industries, the steel industry is expected to receive about 1 billion yuan in technical reform funds allocated by the central government this year. This was different from the industry’s previous forecast of 3 billion yuan. The reporter learned that the “Reform and Revitalization Plan for the Iron and Steel Industry” (hereinafter referred to as the “Planning”) had a relatively high budget for this year’s technical reform investment in the formulation process, but because the top ten revitalization industries are competing for the central government’s 15 billion yuan technical reform. In the budget, the iron and steel industry may eventually get only about 1 billion yuan. The investment of 15 billion yuan in technical reforms was Jia Yinsong, the inspector of the Ministry of Industry and Materials' Raw Materials Division, and was disclosed on January 13 this year in the "2009 Iron and Steel Production and Operational Expectation Targeting Symposium."

The 15 billion yuan investment in technical reform issued by the State Council will be shared by the top ten revitalization industries. Authoritative sources revealed that in this year's investment of 15 billion yuan in technological reforms, the central SOEs can receive more than 3 billion yuan, and the remaining ones are issued to provinces and cities under separate planning. The relevant enterprises will apply upwards for projects, of which the automobile industry will receive more than 3 billion yuan this year. Yuan, "But this plan is underway. As the industry revitalization plan has not passed the State Council's approval, it has not been completely determined."

As a key content supporting the revitalization of the industry, the "planning" gave a detailed explanation of which technological transformation projects can receive financial support. "Planning" pointed out that investment in technological transformation will focus on the development of high-speed railway steel, high magnetic orientation silicon steel, high-strength mechanical steel and other key steel varieties; promote the use of high-strength steel and material saving technology; encourage high temperature and high pressure CDQ, sintering Waste heat utilization, flue gas desulfurization and other circular economy and energy-saving emission reduction process technology; support the development and utilization of low-grade, difficult to smelting iron ore and other technologies. “Special funds for technical reform and technological advancement will be mainly used for large-scale backbone enterprises that comply with national industrial policies and comply with prescribed standards or for record construction. They will implement leading companies that implement cross-regional, cross-ownership, and cross-industry joint reorganization, as well as national defense, aerospace, and aviation. Key material manufacturers."

Authoritative sources said. However, the number of companies benefiting from technological reform investment may not be large. Industry insiders told reporters that Baosteel, Wuhan Iron and Angang’s high-magnetic-oriented silicon steels, and railway materials such as Panzhihua Iron and Steel, Anshan Iron and Maanshan Iron and Steel, etc. belong to the technical transformation input category. “Overall Look, besides benefiting large enterprises, SMEs can hardly benefit."