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From Baotou Steel Group was informed that the first half of Baotou full play to the advantage of rare earth and production for ore, the cumulative production of 5.02 million tons of steel, 120,000 tons of production of rare earth, is expected to achieve sales revenue of 27.335 billion yuan, profit of 1.76 billion yuan. During the same period, the China Steel Association Member iron and steel enterprises realized a total profit of only 2.385 billion yuan, significantly reduced year on year to 54.549 billion yuan, a decrease of 95.81%; enterprises suffered losses totaling 14.248 billion yuan, the loss of 33.75%.

Recently, Baotou Steel chairman, party secretary Zhoubing Li said, the face of the difficult situation of domestic and international economic recession and large losses of iron and steel industry, Baotou adhere to progress while maintaining stability of the general principle, closely follow the situation ahead of forecast, rapid response established monthly operational analysis system, timely adjustment of the beginning of indicators will be the original 19 billion cost reduction and efficiency targets throughout the year to 3.87 billion yuan, the effective guidance of the production and operation remained stable. To maintain stable production and operation, infrastructure and technical transformation and other projects has also been considerable development. In the first half, Baotou give full play to the advantage of rare-earth and self-produced ore, the cumulative production of 5.02 million tons of steel, 120,000 tons of production of rare earth, is expected to achieve sales revenue of 27.335 billion yuan, profit of 1.76 billion yuan, domestic profits in the first half of three steel one; In Baotou steadily promoting the "12th Five-Year" structural adjustment programs and the old system renovation project, and further enrich the product specifications, optimizing product mix, improve the business equipment and production capacity.

The statistics show that in the first half, Baotou Steel Group accumulated pig iron output of 4.9474 million tons, down 3.32%; crude steel output was 5.0203 million tons, down 1.61 percent; steel output was 4.6439 million tons, down 3.33 percent. The first half of the finished product rate of the company of steel products reached 94.27 percent, steel products (billets) product plans varieties rate achieve 99.08%, the outgoing quality objection of steel products was 0.12%, of inspection checks does not exceed the difference was 99.3%, the main quality indicators are completed, the completion of the assessment plan of the indicators are better than the plan target.

The face of the global steel market downturn and adverse factors of the domestic steel overcapacity, Baotou timely adjustment of the export strategy, to develop a reasonable export prices, exports of steel in the first half of 513,900 tons, an increase of 8%; earning $ 352 million, an increase of 2% . Clad steel products are exported to 38 countries in Asia, Africa, Oceania, Europe and the Americas, and strive to annual steel exports over one million tons.

To maintain a certain level of profitability at the same time, Baotou is to further accelerate the pace of construction projects, and efforts to extend the rare earth industry chain, to seize the opportunities of future competition in the market. Since the beginning of this year, Baotou Steel Group Start 5.5 million tons of rare earth Automotive board project, 1.2 million tons of steel production line; basically completed a one million tons of Baotou Wan Teng, "460" full range of seamless steel pipe production line heat load test successfully. In the extension of the rare earth industry chain, the Baotou Rare Earth will be a joint venture in Ningbo Ningbo Baotou Show Hao New Materials Co., Ltd., and invest in building an annual output of 5000 tons NdFeB alloy production line; plans to invest 87.5 million yuan to initiate the establishment of the Baotou Steel Rainbow (Jingjiang) Technology Co., Ltd., the annual production capacity of 4000 tons of energy-saving lamps with rare earth trichromatic phosphors project.