Research On Supply Chain Financing In The Iron And Steel Enterprise

In the 21 st century,China's iron and steel enterprises maintain a high-speed development trend in the national economic growth,and the market share remains relatively stable.However,since the financial crisis in 2008,the domestic steel market has been in a continuous downturn,and the prices of steel products have dropped,while the prices of imported iron ore and other upstream raw materials and fuels are relatively high.Steel enterprises are generally in a poor state of operation.From 2013 to 2015,even the whole industry suffered losses,which made it difficult to operate and loan and finance,The high asset liability ratio makes it more difficult for steel enterprises to obtain funds.Since 2016,with the deepening of domestic supply side structural reform,the state's increasing investment in infrastructure projects,and the demand of the steel industry downstream has recovered.Compared with the previous years,the demand market environment of the steel industry in 2016-2018 has improved,but the enterprises in the industry still face many problems,such as excess capacity and insufficient high value-added products.As a capital intensive industry,The steel industry has a great impact on the upstream and downstream industries.Through the combination application of innovative supply chain financing products,the capital flow,real logistics and information flow of core enterprises can be effectively re integrate,meet the capital demand of enterprises and reduce the financing cost of the whole supply chain.At the same time,it can also provide many small and medium-sized enterprises relying on the core iron and steel enterprises in the harsh competitive environment In a favorable position.XG iron and steel enterprise selected in this paper is a medium-sized steel plant located in the central region.As the core enterprise,the steel production and manufacturing enterprise involves many upstream and downstream enterprises,upstream purchasing raw materials and fuel,auxiliary materials and spare parts suppliers,downstream sales of steel,steel products by-products,steel derivative processing.The relationship of the whole supply chain is complicated.The core enterprises and their related upstream and downstream enterprises have the problem of fund shortage.This paper believes that financing through the supply chain can effectively integrate the capital flow into the supply chain management of XG steel enterprises,different forms of supply chain financing schemes can bring different financing effects to XG steel enterprises,In order to provide useful help for XG steelenterprise supply chain financing.This paper believes that supply chain financing can effectively integrate the capital flow into the supply chain management of XG steel enterprises,at the same time,it can also provide financing loan services for suppliers and dealers in the upstream and downstream of the supply chain with XG steel as the core enterprise,and can promote XG steel enterprises to manage the whole supply chain more effectively.This paper is divided into six parts.The first part introduces the research background and significance of supply chain financing of iron and steel enterprises,and reviews the research literature of supply chain financing from three aspects: supply chain financing research,supply chain financing operation mode research,and supply chain financing research of iron and steel enterprises.The second part is an overview of the basic theory of supply chain financing of iron and steel enterprises,introduces the definition and essence of supply chain financing and the main ways of supply chain financing.The third part makes a simple analysis of the current financing situation of XG iron and steel enterprises,some existing problems,as well as the causes of these problems do the corresponding analysis,aiming at the actual situation of XG iron and steel enterprises,to analyze the feasibility of supply chain financing mode in XG iron and steel enterprises.In the fourth part,combined with the actual situation of XG iron and steel enterprise,design the scheme which is in line with the actual application of the company.The fifth part elaborates the effect of the design scheme on XG steel enterprise supply chain financing and the problems that should be paid attention to in the application.The sixth part is the conclusion.