During his briefing, as a result of the first half of this year, held by Baoshan Iron and Steel (Baosteel), a large Chinese steel manufacturer, stated that his strategy is to focus on the development of special long and heavy Asia's heavy and heavy plates. According to the company, its current attention is still focused on the development of the development Production and sales of high -quality products with special long steel products and heavy tablets, named as new goals. Baosteel is expanding in automotive steel and silicon steel in recent years, and the production of these products has already been improved. “Our export of grain-oriented silicon steel is 25 percent [of Total Exports], a significant part,” the company representative said.
In the segment of heavy Baosteel plates, he focuses on improving production, quality and distribution from their Chinese assets. Thanks to cooperation with Shandong Iron & Steel Rizhao, we have a total production capacity of 10 million tons of 10 million tons, and, as Baosteel said.
baosteel is also advancing in his first project abroad. MT high -quality steel plate. Baostel commented: “The Saudi Arabia model will be reproduced in more countries in one belt in the same path throughout Southeast Asia and North Africa, trying to create a foreign steel cluster.” Baosteel Officials Also Stated, "AS OUR Internationalization Strategy Deepens and Industry Trends Continue To Evolve, Establing Region or Full Process Production Production lines ABROAD Will Become an Inevitable and Necessary STEP.
after Establing a Jointa Saudi Saudi-Code Petroleum and Natural Gas Company Aramco and Saudi-Based Public Investment Fund (PIF) IN 2024, Baosteel Is Working on Negotiats with Equipment Suppliers, Optimization logistics and construction plans. The new project will be the first production base of a heavy plate in the GCC. Currently, most plates to the region are imported from China, South Korea and Indonesia. “It seems that most plates will be intended for local government projects,” commented on a source in Steelorbis.
In addition to this project in Saudi Arabia, first declared in 2021, Baosteel also first mentioned his intention to develop production bases in Southeast Asia and Central Asia, no more than more details. The company said that high -class products outside of China. The export of production of steel Baosteel reached 4.83 million tons in the first seven months of this year, which is much higher than 6.07 million tons sent abroad throughout 2024, which means that this year the share of exports in the total sales of the company increased to 12-14 percent. Baosteel said his goal is to maintain an export share of 10-12 percent, focusing on products with a high cost.
.
