Ministry of industry and information technology proposed major provisions: large enterprises from small and medium-sized enterprises should pay within 30 days is a great news for refractory enterprises!

According to the website of the Ministry of industry and information technology, in order to promote state organs, public institutions and large enterprises to timely pay for small and medium-sized enterprises and safeguard the legitimate rights and interests of small and medium-sized enterprises, in accordance with the law of the people's Republic of China on the promotion of small and medium-sized enterprises and other laws, the Ministry of industry and information technology drafted the administrative regulations on the management of timely payment for small and medium-sized enterprises (Draft for comments), which clearly stipulated the state organs Public institutions and large enterprises that purchase goods, projects and services from small and medium-sized enterprises shall pay within 30 days.

In addition, the draft will stipulate that if large-scale enterprises abuse their market advantages to force small and medium-sized enterprises to accept unreasonable payment terms or delay in payment to small and medium-sized enterprises, the market supervision and administration department shall order them to make corrections and impose a fine of not less than 100000 yuan but not more than 500000 yuan.

Payment has always been a big problem in refractory industry. Generally speaking, since 2015, the relationship between refractory industry and steel enterprises has been very tense, which is mainly reflected in the payment. Because the payment cycle of steel enterprises is very long, the financial pressure makes many refractory enterprises cooperate with them very carefully, which is not conducive to steel enterprises to find better suppliers. Ministry of industry and information technology proposed major regulations: large enterprises should pay within 30 days when purchasing from small and medium-sized enterprises, which is conducive to the timeliness of contract performance, business expansion of refractory industry and better development of refractory industry. If the iron and steel enterprises can strictly implement it, the cooperation and competition between the refractory enterprises and them will be more sufficient, and the high-quality development of the iron and steel industry and the refractory industry will be further promoted.

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