Brief introduction to the development of Baosteel Zhanjiang Iron and Steel Co., Ltd.

At the same time, the National Development and Reform Commission asked Baosteel to merge and reorganize Shaogang Group (hereinafter referred to as "Shaogang") and Guangzhou Iron and Steel Group (hereinafter referred to as "Guangzhou Iron and Steel Group"), and Baosteel Holdings established a new company. Guangdong province should eliminate backward steelmaking capacity100000 tons in combination with Zhanjiang iron and steel project construction, and submit for approval according to the prescribed procedures after the relevant procedures are implemented. At that time, the design and construction scale of Zhanjiang Iron and Steel Project was a steel plant with an annual output of100000 tons, with a total investment of 69.7 billion yuan. Subsequently, Guangdong Iron and Steel Group, which aims to integrate Shaogang and Guangzhou Iron and Steel Group, was officially listed. However, due to the outbreak of the financial crisis and the overall overcapacity of the steel industry, Zhanjiang Iron and Steel Project has not been officially approved by the National Development and Reform Commission. In May of 20 10, the Guangdong Provincial Development and Reform Commission even proposed an "alternative way" to relocate Zhanjiang through environmental protection of Guangzhou Iron and Steel Co., Ltd. to build a 5 million-ton fine steel base, in an attempt to solve the embarrassment that the Zhanjiang project has not been approved at present, and Zhanjiang Iron and Steel Co., Ltd. is now listed in a low-key manner, which shows Baosteel's determination to continue this project. After the establishment of Baosteel Zhanjiang Iron and Steel Co., Ltd., it mainly made some preparations for Zhanjiang Iron and Steel Project. "At present, the raw material wharf is under construction." The investment subject of Baosteel Zhanjiang Iron and Steel Co., Ltd. has quietly changed. Previously, Guangdong Steel Group, which was established after Baosteel reorganized Shaogang and Guangzhou Steel Group, was the main investor of Zhanjiang project. However, General Manager He told this reporter yesterday that the newly listed Zhanjiang Iron and Steel Company is currently wholly owned by Baosteel Group, and may introduce some asset investments in Guangdong and Guangzhou in the future.