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Apr.20.2024 1USD=7.1046RMB
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Shougang Realized Cost Reduction and Profit Addition in Q1

https://en.steelhome.com [SteelHome] 2019-05-21 10:48:43

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Shougang's metallics cost ranked No.10 in the first quarter, and the mill realized 50 million RMB cost reduction before ironmaking process in April.

In the first quarter, major indicators before ironmaking increased obviously. Coke ratio was 314.8 kg per ton hot metal produced, falling 20.6 kg; fuel ratio was 508.7 kg per ton hot metal produced, falling 5.1 kg.

In Q1, production of pig iron, sintered ore and pellet was 1.9886 million tons, 2.1626 million tons and 0.9305 million tons, a rise of 88,900 tons, 61,500 tons and 32,000 tons on year.

Since 2019, raw materials and fuel markets have been shaking because of wild cards in domestic and international market. The Vale's tailings dam collapse and Australian cyclone push up imported ore price.

In Q1, the company consumed 1.36 million tons of imported iron ore. The cost of imported ore was 9.46 dollars lower than market average price, generating 85.38 million RMB of profit.
The company insists the concept that 'every cost could be reduced'. It keeps the smooth operation of blast furnace, actively analyzes the operation of competitors, keeps reducing energy-consumption and strengthens market research.

(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733)
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