Pangang Group Vanadium records historically best performance in H1 2021
2021-07-21 11:57:16 [Print]
In the first half of 2021, Pangang Group Vanadium achieved a profit of about RMB1
. 68 billion (USD0 . 26 billion), RMB159 million (USD24 . 55 million) higher than the annual target, and hit record high of outputs of major products repeatedly, with iron and steel production reaching the highest levels of 3 . 37 million tons and 3 . 13 million tons respectively in history . The cost was reduced by RMB226 million (USD34 . 90 million), fulfilling 74% of the five-year cost reform target . 16 economic and technical indicators, such as blast furnace utilization factor, comprehensive energy consumption for producing one ton of steel, and yield of hot-rolled product, cold-rolled product, bar and wire rod, broke records.