Chapter 700 Compression of foreign exchange indicators
"What, the forex indicator cut by 1/3, what a joke!"
In the office of the director of Jiangcheng Iron and Steel Plant, Yan Delin heard the report of Zhao Zhenhao, the director of the financial department, and stood up from the boss's chair in a hurry. Maybe it was because he got up too violently, he only felt dizzy in his brain, and his body shook twice, and finally stabilized.
"When did you receive this notification?" Yan Delin asked.
"Just now. Zhao Zhenhao said, "It was the Provincial Economic and Trade Commission who called us directly, and they said that the official documents would then be sent to our factory." ”
"What is the reason?" Yan Delin asked again.
Zhao Zhenhao said: "I asked, and Lao Chen of the Economic and Trade Commission said that this was a circular from the State Economic and Trade Commission, and that the foreign exchange indicators of all systems in the country should be strictly controlled. We import iron ore, is a large user of foreign exchange, the country's requirements are for us to cut half of the import of foreign exchange in the next two years, the province is worried that it will affect our production, and the State Economic and Trade Commission for a long time, and finally the State Economic and Trade Commission agreed to reduce us only 1/3. ”
"Bullshit! Can the ancestors of the Provincial Economic and Trade Commission be so good to us?" Yan Delin scolded, but he knew in his heart that what Zhao Zhenhao said was somewhat credible. Jiangcheng Iron and Steel Plant is a major profit and tax producer in the province, and the Provincial Economic and Trade Commission does not want to see Jianggang's production affected, so it is possible to take the initiative to intercede with the State Economic and Trade Commission. But even if only 1/3 of the foreign exchange quota is cut, it is an extremely serious matter for Jiangcheng Iron and Steel Plant, which means that the amount of iron ore imported by Jianggang must be greatly reduced, and this will directly affect Jianggang's steel output this year.
In recent years, China's economy has entered the fast lane, the scale of real estate and urban construction has been expanding, the demand for steel has been rising, and the steel industry has ushered in spring. Nowadays, there is no worry about the sale of steel in the market, and people will buy as much as you can produce. Yan Delin only thinks about how to increase production capacity every day, and it is really annoying to see that a lot of money cannot be earned.
In the early years, China's metallurgical equipment manufacturing capacity was poor, and large-scale blast furnaces, steel-making furnaces, continuous casting equipment, and steel rolling equipment all depended on imports, and it was very difficult for enterprises to expand their capacity. In recent years, Qinzhong, Puzhong and other equipment manufacturing enterprises have gradually realized the localization of metallurgical equipment by introducing the technology of Sanli Steel Institute of Japan and Klinz Company of Germany, and the new and updated equipment of iron and steel enterprises no longer need to spend foreign exchange to purchase from abroad, and the production capacity has been rapidly improved.
However, with the commissioning of a large number of domestic metallurgical equipment, a new problem has emerged, that is, China's domestic iron ore supply simply cannot meet the needs of so many steel plants. Iron ore mines are working overtime at full capacity, but the supply of iron ore is still very tight. Local governments and some private iron and steel enterprises have spent a lot of money to hire geological teams to prospect for ore on a large scale, and they have indeed found a lot of new mines. The geological exploration engineers, who were particularly unpopular, have now become sweet, and even the geology majors in universities, which originally required state subsidies for tuition, have become popular.
There is not enough iron ore in China, so everyone naturally turns their attention to foreign countries. China is a country with relatively poor iron ore resources, while South America, Australia and other places have large areas of iron ore, and the ore grade is high, the mining conditions are good, and the production capacity is abundant.
As a national key iron and steel enterprise, Jianggang has received special care, and can obtain hundreds of millions of dollars in foreign exchange quota every year for importing Australian iron ore. This shipload of ships drifting across the ocean is not only iron ore, but also gold. Buyers of countless infrastructure enterprises are blocked outside the gate of Jianggang every day, waiting for the steel to be rolled out, and Zhao Zhenhao is soft to collect the money. Steel sales are booming, and corporate profits are naturally rising. In the past year or so, Jianggang has built dozens of staff dormitories, all of which are small high-rise buildings with elevators, distributed on the edge of the East Lake in Jiangcheng, which looks like a small city.
The sales situation is good, the equipment is advanced enough, and the only thing that limits Jianggang's output is iron ore. Yan Delin has been thinking about how to apply for more foreign exchange quotas from the Economic and Trade Commission so that he can import more iron ore and expand production. But without waiting for him to submit an application to the Provincial Economic and Trade Commission for increasing the foreign exchange quota, the Economic and Trade Commission directly reduced the original foreign exchange quota by 1/3.
"Why does the State Economic and Trade Commission want to cut our foreign exchange quota? By the way, you mean that the foreign exchange consumption quotas of all systems in the country have been compressed, is there something wrong with the state? It seems that no one has heard about it. Yan Delin said with a frown.
At this time, Cao Guangshan, deputy director of the factory, Teng Zhaoliang, director of production, Zhang Lin, director of supply and marketing, and others all heard the news.
It is easy to go from thrift to luxury, and it is difficult to go from luxury to thrift. Jianggang has also experienced a time when production is sluggish, and there has even been a situation where only 70% of employees' wages can be paid, and everyone can get by at that time. But in recent years, the steel market has been hot, and the life of the factory has become better, whether it is the factory collective or every worker family, they have developed the habit of spending money lavishly. Suddenly there is a need to reduce the supply of iron ore, which will affect corporate profits and employee income, and everyone really can't adapt to it.
"It's good, how can you compress the foreign exchange indicator?"
"Didn't the newspaper say that major results have been achieved in rectifying the economy, and the situation in the whole country is very good?"
"Could it be that the United States is going to sanction us again?"
"No, the Clinton people are fine......"
Several cadres speculated wildly, but no one could say why. Yan Delin listened to a few words, and impatiently interrupted everyone, saying, "Okay, don't guess. I asked you to read more newspapers and study the situation at home and abroad, but you are good, except for the little thing in front of you, everything else is a smear, and you don't know anything. The country has been compressing foreign exchange indicators, and we, as a national key enterprise, can't even say what the reason is, it's a joke to spread it. ”
"Yes, yes, alas, it is true that I usually study too little! ”
Teng Zhaoliang patted his head, showing a distressed look, echoing Yan Delin's words. In his heart, it was a different matter. He thought to himself, "You Yan Delin are the director of the factory and are in charge of the overall situation, don't you know why the state wants to cut the foreign exchange index?" You still have the face to accuse us.
Zhang Lin said tentatively: "Director Yan, I saw an article in the newspaper a few days ago, saying that it was to prevent financial risks or something, but I don't understand what it means. It seems to say that our country's foreign exchange reserves are too small, and it is said that according to the standards of the United Nations, it is a country with high foreign exchange risk. Does the Economic and Trade Commission's request for a reduction in the use of foreign exchange have anything to do with this?"
"When will our country not be nervous about foreign exchange? But no matter how nervous it is, we have to make steel, right? You said that if you compress imported cars or something, forget it, and press our imported iron ore, what is the matter?" Teng Zhaoliang muttered.
Cao Guangshan was silent for a while, and then said: "I think there must be a reason why the state is doing this, we can't guess anyway, so there's no need to guess." The priority now is to think about what we should do ourselves. If the foreign exchange index is reduced by 1/3, the amount of iron ore we import will be reduced by at least 20%, or even more, and we have to think of a way to see how to fill this gap. ”
What he said brought everyone's thinking back to reality. In fact, why the country compresses the foreign exchange index, this matter really has nothing to do with Jianggang, everyone guesses in vain, but how Jianggang responds to this change is what everyone should be most concerned about.
"I think we should find a way to explain our difficulties to the Provincial Economic and Trade Commission, and strive to get the Economic and Trade Commission not to reduce our foreign exchange indicators, or even increase a little more, that would be better. Teng Zhaoliang said.
Zhao Zhenhao pursed his lips and said, "Old Teng, don't do this kind of dream." I have been talking to Lao Chen of the Economic and Trade Commission for a long time, and he said that it is impossible to change the matter of compressing 1/3, and if the pressure from above is great, there is a possibility that the Provincial Economic and Trade Commission will further press our indicators, and you still want them to increase the quota for us, and you are too optimistic. ”
"I'll call the Economic and Trade Commission in a moment and ask again. Yan Delin said. Teng Zhaoliang's words and Zhao Zhenhao's words have some truth, and Yan Delin plans to try it himself again after a while to see if it is possible to let the Provincial Economic and Trade Commission open up the network. However, he also knew that this possibility was too small, so he still had to prepare in advance.
"If the work of the Economic and Trade Commission cannot be done, and our foreign exchange indicators are indeed reduced, what do you think we should do?" Yan Delin asked.
Zhang Lin said without hesitation: "Of course, I will find a way to make up for it from China, and I will immediately arrange for purchasers to contact several mines, so as to get them to increase the supply of ore for us." ”
Teng Zhaoliang shook his head and said, "This is the most helpless way." Most of our domestic iron ore mines are low-grade ores, and the cost of ironmaking is high, even if you can get iron ore, there is no profit in producing steel. Our top priority is to find a way to get high-grade ore, so that we can ensure the profit of the factory. ”
"High-grade ore, then only imported. There is no foreign exchange, where can you let me get you a high-grade mine?" Zhang Lin choked unceremoniously.
"How did I hear that the Xiaguang Iron and Steel Plant also uses high-grade ore. They are a private steel factory, and they don't have foreign exchange indicators, so where do they get their ore from?" asked Zhao Zhenhao.
"Xiaguang Iron and Steel Works?"
Yan Delin, Cao Guangshan, and Teng Zhaoliang chanted the name almost at the same time, and then glanced at each other, all with strange expressions on their faces.