Baosteel Group Xinjiang Bayi Iron and Steel Co.

Since BSIET entered Baosteel Group, it has given full play to the group's advantages in capital, management, technology, training and other aspects, and entered the fastest development period ever.

First, the scale of production capacity and the level of technology and equipment have been substantially improved. Over the past three years, the cumulative investment of nearly 20 billion yuan, so that eight steel ironmaking, steelmaking, rolling equipment to achieve large-scale. At the same time, the original Aiwelgou coal mine, Fuyun Mengku iron ore mine, Hami Yamansu iron ore mine and Magnetic Sea iron ore mining system has been expanded and transformed, built a higher degree of technical equipment, management level and effective utilization of resources of coal mines, open-pit iron ore mines and underground iron ore mines.

The second is that the product structure has been significantly improved. The output of plate products is increasing, the quality of long products is improving, and the transplantation and development of new products are increasing. Pipeline steel, automobile beam steel, medium-thickness plate and other products have filled the gaps in the autonomous region and achieved remarkable economic benefits.

Third, the management level has been significantly improved. Through the group's large-scale collaborative management of eight steel technical support and the establishment of integrated production and marketing system, management efficiency has been significantly improved. At the same time, on the basis of inheriting the original excellent cultural traditions of the enterprise, it accelerated the integration with the corporate culture of Baosteel Group and promoted the transformation of management concepts.

After the Central Xinjiang Work Symposium, Xinjiang has entered a new stage of great development, great leap forward and great opening up, and the launching of a large number of projects of aid to Xinjiang from mainland provinces and cities will surely drive the substantial growth of steel consumption.In August 2010, Baosteel Group and the People's Government of the Xinjiang Uygur Autonomous Region signed a framework agreement on strategic cooperation to accelerate the development of Xinjiang's iron and steel industry, and the Group will continue to promote the development of Xinjiang's iron and steel industry during the During the period of "Twelfth Five-Year Plan", Baosteel will further increase the capital investment, management and technology transplantation in Xinjiang, which will be used for the development of resources in Xinjiang and the construction of product structure adjustment and technological transformation projects of Baosteel. Eight Steel will usher in unprecedented development opportunities.