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Diversified development of steel companies

Diversified development of steel companies

How do steel companies achieve diversified business development

To achieve diversified development by expanding non-steel business has long been one of the paths for steel companies to achieve high-quality development. Numerous steel companies have proved that the steel industry is not just an industry that only eats "resources", but can also use its own advantages in other fields to break into a world.

While steel companies are developing diversified industries in order to meet customer needs, achieve corporate transformation, and consolidate the main steel business, the top-level design has also formulated several encouraging policies for diversified industries. The recently announced "Three-year Action Plan for the Cluster Development of the Iron and Steel Industry Chain in Hebei Province" clearly stated that appropriate diversified development should be carried out to support steel companies in developing new generations of information technology, high-end equipment, new materials and other strategic emerging industries, and accelerate their development. Modern service industries such as modern logistics, financial services, e-commerce, etc. encourage qualified steel companies to develop in the direction of deep processing such as automobiles and mechanical parts, steel wire ropes, steel strands, and welding rods.

As the pace of high-quality development of the steel industry continues to accelerate, the diversified industries of steel companies are showing the characteristics of intelligent and diversified development like the main steel industry. They are no longer limited to real estate, catering, education, tourism and other industries, but have It extends to various fields such as big data, biotechnology, new energy technology, and finance. However, it is not easy to develop diversified industries. Steel companies must carefully analyze their own characteristics, market conditions and other key factors before making decisions that are conducive to their own development. Otherwise, it may be difficult for diversified industries to make profits and become a burden on the company. How to handle the job of diversified industries and make them a new profit growth pole for enterprises is a question that steel companies must think about.

The author believes that if steel companies want to take care of their diversified industries, they must do the following 3 points:

1. Establish a professional team and introduce "external brain" appropriately. Nowadays, diversified industries are basically technology- and capital-intensive industries, and it is difficult for steel companies to achieve "one set of people, two brands". Therefore, we must attach great importance to the top-level design and form a professional team. Some diversified industries should also introduce "external brains." This will not only give full play to the advantages of professional talents, but also provide a "think tank" for the employees of steel enterprises whose main business is shut down and facing transformation.

2. Establish correct concepts and follow investment laws. The diversified industries have a wide range, numerous fields and complex branches, and each has its own industrial development law. Therefore, steel enterprises must establish a correct development concept, not to make quick money, not to make money, and to be prepared for a protracted battle. Deep cultivation is the best way.

3. Segment the market and achieve differentiated development. The development of diversified industries of steel enterprises must not swarm and join in the excitement, and expand the diversified market with the attitude of "people do not have me, others have me fine". In this process, the advantages and characteristics of steel enterprises themselves will help diversified industries. Therefore, the development of diversified industries is not to make the main business or auxiliary business "outstanding", but to achieve mutual benefit and win-win, and then create a "one body, two wings, two-wheel drive" pattern, only in this way can increase the high-quality development of steel enterprises. power.