Laiwu Steel pays close attention to Kashgar project construction and creates new profit sources

On December 20, Ren Hao, general manager of Shanshan Iron and Steel Group and chairman of the Laiwu Iron and Steel Group Corporation, went to Xinjiang Kashgar for investigation and research and stated that Laiwu Steel should seize the great opportunity of Shandong's industrial aid to Xinjiang and build the Kashgar project into Shansteel and Laiwu Steel. New sources of growth and profit.

The Kashgar project in Xinjiang is a counterpart Xinjiang reconstruction project in Shandong Province. The project was contracted by Laiwu Steel to construct a 1,000-m3 blast furnace, a 100-ton converter and a rolling steel growth line. After completion, it will form an annual production capacity of 3 million tons of iron, steel, and steel, with an additional sales income of 9.497 billion yuan, profits and taxes of 781 million yuan, and an increase of 3,152 jobs. It will also create important steel production for Xinjiang and the radiation of Central and South Asia. The base fills the blank of local large-scale steel production. At the same time, Laiwu Steel also took this project as a leader, lengthened the industrial chain, and promoted the development of building materials, mechanical processing, equipment manufacturing, logistics and other industries, formed industrial clusters, improved social support, optimized the ecological environment, and built an ecological steel city.

It is reported that in April 2011, the foundation laying ceremony of the Kashgar Steel project of Shanshan Iron & Steel Group and the unveiling ceremony of Kashi Jinling Pellet Co., Ltd. were held in Shule County, Kashgar, Xinjiang. In June, the drilling operations in the blast furnace, sintering, steelmaking and continuous casting, raw material field, and lime kiln area were completed. In September, the EPC general contracting contract for the steel rolling project of Kashgar Steel was officially signed.

Since this year, Shandong Iron and Steel Group Laiwu Steel has accelerated the improvement of the profitability of the main steel industry. In the first half of the year, the main steel industry realized a ton steel profit of RMB 66.4, an increase of RMB 0.18/ton over the same period last year, and RMB 53/ton lower than the industry average. Laiwu Steel achieved operating revenue of 34.607 billion yuan in the first three quarters of 2011; net profit attributable to shareholders of listed companies was 249 million yuan, an increase of 5.44 times. In the first 11 months of this year, Laigang achieved a profit of 2.349 billion yuan. This result is particularly difficult to obtain in the current steel industry.

It is worth mentioning that Laigang keenly discovered the huge opportunities in the marine shipbuilding industry and quickly adjusted its product structure. As of the end of November, Laiwu Steel has achieved monthly production of 8,000 tons of shipboard steel, rolling process and various properties are stable, inspection pass rate of 100%, to become the steel support point for the implementation of marine strategy in Shandong Province. Sales of H-beams for marine and offshore oil platforms ranked first in the domestic industry; H-beam portals channelled steel led the market, accounting for over 80% of the domestic market, and sales increased by more than 40% year-on-year.

At the same time, speeding up the realization of new breakthroughs in the operation of the Special Steel Business Unit. In the first three quarters of this year, the Special Steel Business Group produced a total of 2,153,300 tons of steel, 1,142,900 tons of steel products, and 1.14 million tons of steel products, achieving a sales income of 6.2 billion yuan, the highest in the same period in history. Level.