Analysis of Bankruptcy Causes of Pengcheng Iron and Steel Plant in Luannan County

Production and operation factors, external factors.

1, production and operation factors, steel market turmoil, or economic crisis, enterprises have difficulties in production and operation, no benefits or no cash flow, enterprises can not maintain normal operations, and have to stop production.

2. External factors, the influence of environmental protection management and control, the environmental protection of enterprises is not up to standard, and steel mills stop production in heavily polluted weather.