bonanza

Chapter 458

South Korean iron and steel enterprises misjudged the situation and their products were unsalable, and the debt ratio of some iron and steel enterprises even reached 1000%.

However, the previous investment in South Korean steel mills has not been in vain, and the money has been turned into real assets.

Yang Dongsheng wants to take advantage of the stocks of these steel factories falling into rubbish, buy these steel factories, even if they dismantle the equipment and sell them, he can make a lot of money.

There is still a great demand for steelmaking equipment in China.

James Whistler's words made Yang Dongsheng's plans come to naught, "I heard that the South Korean government intends to allow Posco and Dongguk Steel to integrate the Korean steel industry!"

Due to Alice’s short-selling, the crisis of the Korean steel industry was much more tragic than in the previous life. After Hanbao Steel went bankrupt, Sammi Special Steel soon collapsed, followed by Kia Special Steel, Marunaga Steel and other steel companies also fell into bankruptcy. in crisis.

At this time, South Korea is not yet a big semiconductor production country in later generations. Steel is one of the pillar industries of South Korea, and it is one of the most important pillars.

Once the steel industry collapses, industries that use steel heavily, such as shipbuilding and automobiles, will suffer as well.

Naturally, the South Korean government cannot just watch this happen.

"Bidding with them!" Yang Dongsheng made a decisive decision, "Our goal is not to win the South Korean steel plant, but to make Pohang Steel and Dongguk Steel pay more in the integration process, and provide financial support for the future. Crisis creates more opportunities!"

South Korea's steel industry is a direct rival of China's steel industry and Yang Dongsheng's opponent.

Koreans use iron ore from Australia and Brazil. For them, it is the same to buy Chinese iron ore or Australian iron ore, and they have to use foreign exchange.

Yang Dongsheng will not accept Korean won from them just to enter the Korean market.

Koreans use Japanese blast furnace equipment, and European steel rolling equipment...

Even if Yang Dongsheng made it, they wouldn't use it.

In the minds of Koreans, China is a country far behind them, and they will not believe that a Chinese company can manufacture equipment that they cannot manufacture.

As for the price war?Yang Dongsheng didn't want to fight Australians, Americans, and Europeans to death, and ended up taking advantage of the Koreans.

Even if the South Korean steel industry cannot be knocked down this time, they must be weakened as much as possible to slow down their development.

In the long run, South Korea is the last industrial country to become a developed country, and it is also the most easily replaced among all developed countries.

Our industrial chain is highly overlapped with Bangziguo. If we want to go up, we must do Bangziguo first.

Instead of waiting for Bangziguo to sit on the throne of a developed country before attacking, it is better to give him a stick now.

"Understood!" James Whistler nodded, turned around and pulled out a large stack of documents, "I received this after I got here, and they all invited us to invest in it."

"so much!"

Yang Dongsheng searched roughly, and found that all the cities in Mongolia had come, and even many districts and counties came forward to invite them to come.

To be honest, Yang Dongsheng is not very optimistic about the future of Mongolia.

In the past, Shimeng Province was able to develop because our country’s demand for coal continued to grow. Traditional coal-producing cities in the east, such as Guazhou, Lunan, and Dachengshan, were gradually depleted of resources, and people had to go to the west to develop coal.

But now with Yang Dongsheng, more and more coal will be mined in the east, and there will be no problem of depletion.

And there is another opponent of western coal, which is imported coal.

In later generations, our country imported a large amount of coal from overseas. Not to mention the shortage of coking coal in the country, we need to import it. However, thermal coal, which is not in short supply in our country, has also imported hundreds of millions of tons.

The reason for this is simply that imported coal is cheap.

In our previous life, due to the transfer of coal production capacity to the west in our country, a truckload of coal spanned more than half of China and was transported from the northwest to Shanghai. Compared with the price at the pit mouth, the price can more than double.

Although the imported coal is shipped from overseas and tariffs are charged, the cost of sea transportation is low.

Imported thermal coal can be 80 yuan cheaper per ton than domestic ones, and even more than 100 yuan cheaper in southern China.

In a market economy, power plants naturally choose cheap imported coal.

Since coal is a non-renewable resource, the state has adopted a laissez-faire and even encouraged attitude towards importing thermal coal.

However, some people in the Kangaroo Country shouted to sanction us, so that we would have no coal available in winter and all of us would freeze to death. That would be a big joke.

If the Kangaroo Country does not sell us coal, we can immediately switch to domestic thermal coal.

There is no need to switch to the domestic market at all. From the perspective of the entire international supply chain, there is no shortage of thermal coal. If Australia bans it, coal companies in South Africa, Indonesia, Russia, and the United States will die of joy.

As for the shortage of thermal coal that once occurred near winter in a certain year, it was a man-made accident.

Some people have been fooled by environmental protection, and when the clean energy technology is not yet mature, they restrict production, and the result is naturally tragic.

Although he is not optimistic about the future of Mongolian coal, Yang Dongsheng is still very interested in this trip to Mongolia.

On the one hand, there are resources under the land here. Yang Dongsheng is a typical Aquarius man, and he can't help but collect good things when he sees them.

On the other hand, Yang Dongsheng wants to reach heaven through agriculture and environmental governance.

Another hidden purpose is that Yang Dongsheng needs land to store minerals.

So far, Yang Dongsheng has more than 500 billion tons of coal alone, nearly 300 billion tons of iron ore, and tens of billion tons of bauxite. Although there are not many gold and copper, because these two types of ore The content is not high, and the total amount of ore is also very large...

For the more than 500 billion tons of coal alone, if it is piled up to a thickness of 20 meters and spread out, it will take five to six thousand square kilometers.

It is not impossible to pile hard in a limited place, but the density and hardness of coal are lower than that of ordinary rocks. Piling the coal seam too thick in one place is equivalent to creating a thick layer of sponge mat underground. Too thick Yang Dongsheng worried about causing an earthquake.

The quality of houses these days is generally poor. Even if the pile is 1000 meters thick, it still needs to be spread over ten square kilometers.

Given the dense population in the east, there may be tens of thousands of people within ten square kilometers. Even a small-scale earthquake will kill many people. At that time, Yang Dongsheng will die.

What's more, these coals include cheap lignite, expensive main coking coal, and anthracite, which cannot be mixed together.

There is also the problem of water. The eastern part of the country is rich in underground water systems. Yang Dongsheng's ability cannot control the water. If the water source is polluted, he cannot save it himself.

(End of this chapter)