Baosteel recently released its Annual Report for 2021. In 2021, Baosteel achieved a total profit of CNY 30.71 billion (USD 4.56 billion) and continued to rank first in the domestic steel industry, with YoY increase of 16.5% in sales of products with competitive edge and 29.4% in operating income compared to 2020.In terms of practicing green and low carbon production, BaoSteel’s Zhanjiang zero-carbon demonstration plant started the construction of a million-ton hydrogen-based shaft furnace in February 2022. Its top gas circulating oxygen blast furnace has completed the industrial trial, and the hydrogen-rich blast technology has realized industrial application.
Baosteel recently released its Annual Report for 2021. In 2021, Baosteel achieved a total profit of CNY 30.71 billion (USD 4.56 billion) and continued to rank first in the domestic steel industry, with YoY increase of 16.5% in sales of products with competitive edge and 29.4% in operating income compared to 2020.In terms of practicing green and low carbon production, BaoSteel’s Zhanjiang zero-carbon demonstration plant started the construction of a million-ton hydrogen-based shaft furnace in February 2022. Its top gas circulating oxygen blast furnace has completed the industrial trial, and the hydrogen-rich blast technology has realized industrial application.
