China’s second largest steel maker HBIS has restructured HBIS Steel Research Institute into HBIS Material Technology Research Institute to include vanadium & titanium technology innovations and applications within its scope of focus. HBIS Chairman Mr Yu Yong while inaugurating HBIS Material Technology Reseach Institute in Shijiazhuang on 27 July 2022 said “The establishment of HBIS Material Technology Reseach Institute is concrete actions of HBIS too keep up with the pace of developments. The continuous deepening of supply side structural reform and acceleration of high-quality development have given rise to more new industries, new forms and new models of business and created new opportunities and space for the development of the steel industry.”Mr Yong said that “After equipment & product upgrading and location adjustment, HBIS has a strong process equipment, technology and talent reserve, with a solid foundation to advance into the steel and iron field, but also more need to play the power of science and technology and talent support role. With the establishment of HBIS Material Technology Research Institute as a new starting point, HBIS will further promote the transformation and upgrading of steel to materials, manufacturing to services, maximize the release of equipment, talent, technology, innovation and other all-factor development advantages, so that the products have more technical content and greater competitive value. HBIS will comprehensively improve the effective and high-quality supply of iron and steel materials, strive to solve the bottleneck problem of relying on imports of high-end materials, promote the steel industry to achieve high-level science and technology self-reliance, and contribute to the construction of a more independent, safe and rigid supply chain.”Mr Yong added “Around steel to materials & manufacturing to the service, HBIS will deeply grasp the national industrial structure adjustment and the demand of the social transformation and economic development and follow up of new industry demand for iron base of new materials, new business modes and on the basis of constantly updated HBIS material and market directory, one step ahead in the new industries and new forms, in the new round of development and new market layout, HBIS will further form new comparative advantages and competitive advantages in products and technologies, and promote the development of the steel industry to a new height.”HBIS Material Technology Research Institute will face the major direction of scientific and technological revolution and industrial transformation, implement the national development strategy of new materials, focus on the research and development and application of utility model materials, and promote the innovation and reform of major cutting-edge processes and key generic technologies, with the market demand of key industries and new industries and new business forms as the traction. To build the original technology source and application innovation highland of iron base and vanadium titanium materials, and to build an industry-leading and world-class applied technology research institute.