12th Rare Earth Summit

May 18-19, 2020
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

May 14-15, 2020
Hangzhou, Zhejiang, China

9th Magnesium Summit

April 16-17, 2020
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

Mar 12-13, 2020
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Masteel to work with China Baowu for synergy from six aspects

2019-10-31 14:55:16  【Print】
According to the report for the third quarter released by Masteel on late October 30, the company and its affiliates (the group) produced 4.Asian Metal CopyrightAccording to the report for the third quarter released by Masteel on late October 30, the company and its affiliates the group produced 4.Asian Metal Copyright71 million tons of pig iron, 5.Asian Metal Copyright China Baowu is experienced in management.Asian Metal Copyright15 million tons of crude steel and 4.Asian Metal Copyright With the strong support, Masteel will make contrast with benchmark production lines and promote the ability, strengthen the synergy of production technology and process management and dissolve bottleneck issues in process to eliminate development barriers and achieve quality promotion and efficiency improvement of all aspects.Asian Metal Copyright90 million tons of steel products from July to September of this year, generally unchanged compared with the same period of last year.

Masteel noted that the company will keep stable, safe and high-efficient production and operation in the fourth quarter and work with China Baowu together in six aspects to play synergy effect in an early date.

1. Synergy of planning.Asian Metal Copyright With the technology advantage and market resources of China Baowu, Masteel can improve products quality and extend market.Asian Metal Copyright China Baowu strives to become the leader in world iron and steel industry and build a high-quality iron and steel ecosystem.Asian Metal Copyright Masteel's products and China Baowu's products have strong complementarities.Asian Metal Copyright Besides, China Baowu has put Masteel into its overall development plan.Asian Metal Copyright .Asian Metal Copyright As a new member of China Baowu, Masteel will optimize industrial structure and build a high-quality iron and steel ecosystem together under the guide of China Baowu through synergy of planning.Asian Metal Copyright For example, the two parties will share marketing channels and service network to improve response ability of clients' service.Asian Metal Copyright In the future planning, China Baowu will allocate more resources in Masteel and help Masteel to exert location and industry advantages in Yangtze River economic belt and improve the comprehensive competitiveness of Masteel.

2. Synergy of production.Asian Metal Copyright 2.Asian Metal Copyright China Baowu injects impetus to Masteel's development.Asian Metal Copyright 5.Asian Metal Copyright With the strong support, Masteel will make contrast with benchmark production lines and promote the ability, strengthen the synergy of production technology and process management and dissolve bottleneck issues in process to eliminate development barriers and achieve quality promotion and efficiency improvement of all aspects.

3. Synergy of marketing.Asian Metal Copyright Synergy of procurement.Asian Metal Copyright China Baowu will provide an excellent marketing and service system to Masteel, which will help the latter to expend the width and depth of marketing and service.Asian Metal Copyright90 million tons of steel products from July to September of this year, generally unchanged compared with the same period of last year.Asian Metal Copyright For example, the two parties will share marketing channels and service network to improve response ability of clients' service.

4. Synergy of procurement.Asian Metal Copyright Synergy of products.Asian Metal Copyright China Baowu enjoys rich resources in intensified procurement and logistics integration.Asian Metal Copyright Besides, China Baowu has put Masteel into its overall development plan.Asian Metal Copyright Masteel could cut raw material purchasing and logistics cost through synergy of procurement.

5. Synergy of products.Asian Metal Copyright Masteel's products and China Baowu's products have strong complementarities.Asian Metal Copyright Masteel's products and China Baowu's products have strong complementarities.Asian Metal Copyright In the future planning, China Baowu will allocate more resources in Masteel and help Masteel to exert location and industry advantages in Yangtze River economic belt and improve the comprehensive competitiveness of Masteel.Asian Metal Copyright With the technology advantage and market resources of China Baowu, Masteel can improve products quality and extend market.

6. Synergy of management.Asian Metal Copyright With the strong support, Masteel will make contrast with benchmark production lines and promote the ability, strengthen the synergy of production technology and process management and dissolve bottleneck issues in process to eliminate development barriers and achieve quality promotion and efficiency improvement of all aspects.Asian Metal Copyright China Baowu is experienced in management.Asian Metal Copyright Synergy of products.Asian Metal Copyright Masteel can learn from China Baowu to optimize commercial planning, enhance internal control and emphasize return on investments.
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