China’s state owned Assets Supervision and Administration Commission of the State Council have approved the joint reorganization of Baowu and Xinyu Iron & Steel Group on 9 November 2022 resulting in Xingang’s official entry into Baowu group.Based in Xinyu City in Jiangxi Province, Xingang has a production capacity of 10 million tonnes. After more than 60 years of development, Xingang has become a collection of ore mining, iron and steel smelting, steel rolling and extended processing. It has more than 800 varieties of general steel, special steel, metal products, steel structures, and chemical products. The company's plate production capacity reaches 7 million tonnes per year, and the thickness covers 0.28mm-380mm.The main equipment’s include 360 cubic meters sintering machine, 2500 cubic meters blast furnace, 210 tonne top-bottom double-blown oxygen converter, 105 meters per second high-speed wire rod, 3800mm width thick plate rolling mill and 1580mm hot coil, 1550mm cold continuous rolling, electrical steel, special steel strip and other production lines.Following the joint reorganization of Maanshan Iron & Steel in 2019 and the joint reorganization of Taiyuan Iron & Steel in 2020, the joint reorganization with Xingang is another step taken by Baowu to promote the implementation of the company's strategy through joint reorganization. In the past two years, Baowu has given full play to the scale effect and synergistic advantages brought about by the joint reorganization. The company's benefits, efficiency, industry influence, and social reputation have been significantly improved.
China’s state owned Assets Supervision and Administration Commission of the State Council have approved the joint reorganization of Baowu and Xinyu Iron & Steel Group on 9 November 2022 resulting in Xingang’s official entry into Baowu group.Based in Xinyu City in Jiangxi Province, Xingang has a production capacity of 10 million tonnes. After more than 60 years of development, Xingang has become a collection of ore mining, iron and steel smelting, steel rolling and extended processing. It has more than 800 varieties of general steel, special steel, metal products, steel structures, and chemical products. The company's plate production capacity reaches 7 million tonnes per year, and the thickness covers 0.28mm-380mm.The main equipment’s include 360 cubic meters sintering machine, 2500 cubic meters blast furnace, 210 tonne top-bottom double-blown oxygen converter, 105 meters per second high-speed wire rod, 3800mm width thick plate rolling mill and 1580mm hot coil, 1550mm cold continuous rolling, electrical steel, special steel strip and other production lines.Following the joint reorganization of Maanshan Iron & Steel in 2019 and the joint reorganization of Taiyuan Iron & Steel in 2020, the joint reorganization with Xingang is another step taken by Baowu to promote the implementation of the company's strategy through joint reorganization. In the past two years, Baowu has given full play to the scale effect and synergistic advantages brought about by the joint reorganization. The company's benefits, efficiency, industry influence, and social reputation have been significantly improved.
