Baosteel Wuhan Iron and steel restructuring plan will soon come out of the steel industry or welcome superrecovery

For the upcoming restructuring of Baosteel Wuhan Iron and steel industry or project of Baosteel WISCO Ying recombinant catalytic events released soon, 24, Baosteel shares issued since July 27, 2016 to continue the suspension is expected not to exceed 1 months’ notice. In addition, from Baosteel Group news, Baosteel, Wuhan Iron and Steel shares and a number of joint research institutions, launched the "high efficiency, low loss and special use of the development and application of silicon steel project" (hereinafter referred to as the "silicon steel project"), the new products are expected annual added value of 800 million yuan (RMB, same below) above. According to China News Network August 24th news, the silicon steel project is China’s Ministry of science and technology, the focus of the basic material technology to enhance and industrialization of the first batch of special tasks to start one. Silicon steel is widely used in power generation, power transmission, electricity and other fields, although the steel manufacturing technology Chinese developed rapidly in recent years, in the field of UHV transmission, advanced large generators have to break the monopoly of foreign brands, but the overall level of top products with foreign countries there is still a certain gap. The project will develop two kinds of environment-friendly magnetic materials, formed a series of high-end products, new products can achieve complete replacement in 2015 Chinese electricity estimates, each year is expected to reduce the transmission loss of 110 billion kwh, equivalent to Three Gorges generating capacity of 127%, 1.1 tons of carbon dioxide emissions. As China two leading iron and steel enterprises, Baosteel and Wuhan Iron and steel group at the end of June to start a "marriage", known as the largest China recombination events of the iron and steel industry in recent years. Chen Derong, general manager of Baosteel Group has revealed that Baosteel, Wuhan Iron and steel two joint reorganization of enterprises, a very important point is how to play a combined effect in the production of iron and steel. In 2015 the steel industry, winter, Baosteel crude steel production was 36 million 110 thousand tons, a total profit of $1 billion 30 million (2014 was $9 billion 420 million). 2016 to 2018, Baosteel plan Yajian capacity 9 million 200 thousand tons.相关的主题文章: