December 02, 2008

Baosteel achieves 55% of annual plan for CR production

It is reported that in 2008 amid the ever intensifying competition in the domestic market, Baosteel's cold rolled products demonstrate stronger competitiveness through sustained optimization of product mix. In the first 6 months, the sales of exclusive cold rolled products accomplished 55.2% of the annual plan.

According to the statistics, among the sales of exclusive cold rolled products already completed and the plain cold rolled, hot dip galvanized, electro galvanized sheets and tin plates have completed 67.3%, 56.8%, 50.1% and 53.5% of annual plan respectively.

Moreover, in terms of import substitution the total sales of Baosteel’s premium cold rolled products have accomplished 60.8% of the annual plan.
As per report, in 2008 many green field cold rolling lines in China were completed and put into production successively, which compete with Baosteel's products. Sales and R&D of cold rolled products keeps optimizing the product mix and strengthens the efforts to expand the market shares of exclusive and leading products to further enhance the advantages for differentiation.