After the Spring Festival in 2014, "Shanghai steel trading king" Xiao Jiashou seizure of assets by banks, under thecompany received the court ruling, assets were seized, hold its Xinri Hengli equity has been frozen, involving up to 1000000000 yuan. This is the second in 2013 June, President of Shanghai iron and Steel Industry Association Shanghai Zhouning chamber of Commerce Zhou Huarui assets were seized, Shanghai nm400 wear-resistant steel plate industry a "leader" of the crisis. In addition, Guangdong Lecong well-known integrated iron and steel company.He Jianhong is caught, also opened the prelude to the Southern China area steel trade crisis, the further spread ofthe steel trade credit crisis. Analytic personage points out, the steel trade industry to come out of the crisis by the transformation of mode.
"The steel trade pay silver deposit of 20% steel, steel silver full payment to steel mills in order, after arrival of the goods into the Steel Association designated warehouse, goods right belongs to the steel, the steel trade operatorsto pay the full amount to the steel, customers can go to the designated warehouse delivery. Money and goods rightbelongs to the steel silver, which unlike a bank loan pledge steel trading business is the warehouse receipt,warehouse receipt pledge risk without repetition. Nm400 wear-resistant steel plate price risks borne by the steel trade, if the steel trade default, 20% margin to silver all steel, steel spot trading platform in the closed his." Guotai Junan report.
CITIC Securities in a research report pointed out that, the traditional banking steel trade loan problem lies in two aspects: the relationship is complex, difficult for banks to supervision; risk of repeated pledge. Steel silver solution is: on the one hand, with the help of the professional knowledge of screening quality enterprises, supervisionenterprises by means of dynamic trading platform; on the other hand, the right to control the goods, put an end to"repeated pledge", reduce the risk of loans.
Guotai Junan report also pointed out: "the current steel silver platform profit mode is mainly spread, steel to steel trade business bank loan interest rates significantly lower than the bank. Future steel silver into the warehousinglogistics field, is expected to get more diversified value-added benefits."