Baowu Group to become a service provider of intelligent manufacturing of high-quality steel with an annual capacity of 100 million tons in 2021
2017-11-28 15:57:19 [Print]
Chen Derong, General Manager of China Baowu Iron and Steel Group, stated on November 27th that Baowu will strive to build itself into a service provider of intelligent manufacturing of high-quality steel with an annual capacity of 100 million tons in 2021 by two steps based on the latest plan
. First, Baowu will maintain an annual capacity of 70-80 million tons of steel with its high-end products accounting for more than 60% of all homemade steel by 2018 . Second, Baowu will become an internationally competitive capital investment company in the steel sector and finish the international layout fitting "Belt and Road Initiative" with an annual capacity of 80-100 million tons of steel by 2021.