Maanshan Iron and Steel Group has suffered losses for 8 consecutive months

According to comprehensive media reports, this year, China's steel industry continued the severe decline in steel prices in the fourth quarter of last year, raw material prices remained high, and the economic benefits of the whole industry declined. The first quarter of this century, the first industry-wide losses. As of April this year, Maanshan Iron and Steel Group has suffered losses for eight consecutive months. Among them, in January 2012, Ma Steel Group’s monthly loss exceeded 100 million yuan. Ma Steel's net profit attributable to shareholders of listed companies in the first quarter was 468 million yuan, a year-on-year decrease of 541.07%. In the face of difficulties, Maanshan Iron and Steel will strive to achieve the goal of turning losses into profits by improving the iron ore self-sufficiency rate, optimizing product structure, extending the steel industry chain, and reducing procurement costs.

According to statistics, Maanshan Iron and Steel Group achieved a production of pig iron in the year of 1,604,680 tons, an increase of 5.11% year-on-year; crude steel output was 16.684 million tons, an increase of 2.43%; steel output was 15.99 million tons, an increase of 1.73%. The company's full-year revenue in 2011 was around 93.5 billion yuan, a significant increase from the 68 billion yuan in 2010.

Self-production ratio is expected to reach 30%

In 2011, Maanshan Iron and Steel Group Co., Ltd. invested in the establishment of Maanshan Iron and Steel Group Mining Co., Ltd., and the assets of Nanshan Mine, Gushan Mine and Taochong Mine were all included in the mining company. Zhangzhuang Mine, Luohe Mine and Group Design Institute entrusted the mining company to manage. After the establishment, Maanshan Iron Group Mining Co., Ltd. produced 3 million tons of finished ore in the whole year. In that year, Maanshan Iron & Steel Group realized a total production of 1,604,800 tons of pig iron, and the self-sufficiency rate of iron ore was only 11.7%. However, like Hebei Iron and Steel Group, Maanshan Iron and Steel Group is starting construction of a number of iron ore projects, and all iron ore production capacity will achieve leapfrog development after all production.

According to the information editing of the steel association, the construction of the Maanshan mine includes: the Luohe iron ore project is implemented in two phases. The first phase of the project is expected to be completed in the first half of this year, with an annual output of 3 million tons of iron ore and an annual output of 66% iron. Concentrate is 983,100 tons, and the second-stage mining scale is 6 to 8 million tons. The Baixiangshan Mine started construction in March 2008. The designed ore production capacity is 2 million tons, and the construction period is 4 years. The original capacity of the Heshangqiao iron ore mine will be 3 million tons/ The annual expansion to 5 million tons / year, with an annual output of 1.2 million tons of iron concentrate, is expected to carry out heavy-duty test at the end of November. Zhangzhuang Iron Mine designs an annual output of 5 million tons of iron ore raw ore, and iron ore concentrate with an annual product level of 65% is 1.71 million tons. It was approved by the National Development and Reform Commission in 2011. According to reports, during the “Twelfth Five-Year Plan” period, Maanshan Iron and Steel Co., Ltd. is expected to form an annual production capacity of 33 million tons of raw ore and 10 million tons of finished ore. The iron ore resources will increase by 500 million to 1 billion tons, and the total amount will reach 2 billion tons. The proportion of self-produced mines is expected to reach 30%, greatly reducing import dependence.

Developed 700,000 tons of new products in 2012

Since the beginning of this year, based on the thorough analysis of the market and research, the Maanshan Iron and Steel Technology Center has proposed a guiding plan to develop new products of 700,000 tons and achieve a comparative benefit of 200 million yuan. According to the company's requirements, Maanshan Iron and Steel Technology Center carefully arranged the strength, reorganized 8 new product project groups such as wire rod, steel, wheel, hot-rolled structural steel, electrical steel, automobile board, home appliance board and color-coated board.

According to the new product development plan, Maanshan Iron and Steel Co., Ltd. will be in the 500MPa grade high-strength steel bar, high-strength iron tower angle steel, economical high-grade steel pipe steel, H-beam for automobile girder, thin gauge full-process electrical steel, galvanized automobile plate, lightweight home appliance board. , color coated home appliances, high-hardness wheels and other products to form mass production capacity. At the same time, they combined the special hot rolling pickling production line of Sigang Rolling Plant to develop pickling board products for home appliances and automobile structural steel, and accelerate the promotion of high-grade oil well pipe steel, high-efficiency electrical steel, magnetic pole steel and advanced high-strength automobile. The development process of steel and other products has accelerated the industrialization of high-power machine wheels and EMU wheels.

As of the end of April, the Group's various new products have been produced 217,000 tons; the high-power locomotive wheels passed the assessment and evaluation of the first phase of the Ministry of Railways, and the high-speed EMU wheels with a speed of 200 to 250 km per hour passed the technical review of the Ministry of Railways. The localization of high-speed wheels; the development of 22- and 25-gauge large-angle angle steels for the successful development of iron towers has been developed. The steel grid for the national grid construction accounts for more than 80% of the large-size angle steel; the electric furnace products are mainly targeted at special steel fields such as machinery manufacturing. The R&D, production and market development processes are accelerating. Ma Steel's wheel market share in the domestic subway wheel market has exceeded 60%, and strive to increase the market share of the domestic subway wheel market to more than 70% this year, contributing to the Group's turnaround to profit.

2015 non-steel block to achieve 40 billion yuan revenue scale

In recent years, Maanshan Iron & Steel has actively entered the non-steel industry such as finance and logistics, effectively improving its ability to resist market risks. In September 2011, Maanshan Iron & Steel Finance Co., Ltd. was approved to open operations, with a registered capital of 1 billion yuan. In the same month, Anhui Xinchuang Energy Saving and Environmental Protection Technology Co., Ltd., jointly invested by Maanshan Iron and Steel and Maanshan Mine Design and Research Institute, was incorporated. At the end of 2011, Maanshan Iron and Steel Logistics Co., Ltd. and its shipping company were formally established. It is also known that in 2011, Maanshan Iron and Steel Co., Ltd. also made breakthroughs in foreign trade. It is expected to realize revenue of 9.3 billion yuan and profit of nearly 200 million yuan. In addition, joint venture projects such as the Maanshan Jinxi Rail Transit Equipment Project, the heavy-duty CNC machine tool project, and the roll joint venture project have also been promoted in an orderly manner.

Gu Jianguo, Chairman of Maanshan Iron and Steel Group Co., Ltd. recently said that by increasing investment in non-steel industry and expanding its field, it will form about 5-6 industrial sectors, and by 2015, it will achieve a revenue scale of 40 billion yuan for non-steel plates, accounting for the Group's revenue. one third. He further pointed out that the diversification of steel enterprises should not be aimless, but rather the expansion and optimization of the upstream and downstream industrial chain around the main steel industry.

Strengthening bidding management to reduce procurement costs

Since the beginning of this year, Maanshan Iron and Steel Group International Trade Co., Ltd. seized the opportunity of the downturn in the shipping market and implemented the sub-route and sub-contracting bidding. Compared with last year's transportation price, the procurement cost was reduced by 85 million yuan. The mining company organized 89 batches of tenders, involving the amount. 85.13 million yuan, the initial estimate is to reduce the procurement cost of 2.87 million yuan.

In recent years, with the increase in production capacity, Maanshan Iron and Steel Group's demand for various materials and raw materials has been increasing year by year. Last year, the entire group's purchase amount reached 60 billion yuan. “Currently, strengthening bidding management has become an important means for the company to reduce production costs.” Jin Taihe, director of the propaganda department of the Maanshan Iron and Steel Party Committee, said that since last year, Maanshan Iron and Steel Group has included the regulation of bidding management into the five key tasks of the party committee. Advance, do everything possible to reduce the cost of raw materials and fuel procurement.

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