Research On M & A Strategy Of Anyang Iron And Steel Group

China's steel industry after nearly two decades leaps and bounds, to 2008, crude steel production has reached 500 million tons, accounting for 38% of global production, but the low concentration of iron and steel industry, iron ore market issues such as lack of pricing power seriously restricting the steel industry. With the 2005 "Iron and Steel Industry Development Policy" was released, the domestic steel industry merger wave has been surging, according to incomplete statistics, the end of 2009, the domestic steel industry mergers and acquisitions has more than 40 cases.This dissertation studies the theories and the M & A history of the steel industry, pointing out that M & A is the only way to iron and steel industry at the present stage, followed by strategic management theory based on the security steel external environment, industry competition structure, the competitive position of enterprises a comprehensive analysis, and then use Swart (SWOT) analysis to determine the safety resources should be selected acquisitions of steel development strategy.Then this dissertation also has carried on the concrete study to the enterprise situation .Baoshan iron and steel Corporation industry ranks first in production, management and production efficiency front row in the same industry, if the horizontal and security steel joint, you can expand the scale advantages, increase market control. The traders of steel is iron ore imports, and foreign manufacturers signed a number of iron ore import agreement and actively shares overseas iron ore market, there are a number of its equipment manufacturing business, Anyang Iron and Steel Corporation after the acquisition can be improved its industrial chain to gain competitive advantages.Finally, according to Baoshan Iron and Steel Corporation and steel enterprises in the specific circumstances affect the acquisition of target companies selected 12 key factors, using QSPM (quantitative strategic planning matrix) method, quantitative analysis to determine the choice of development strategy of Baoshan Iron and Steel Corporation horizontally.