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Liuzhou Iron and Steel Group turned losses into gains in the first half year
 
Date:2016-08-01 By:Qiuzhen Luo Source:Liuzhou Daily

Recently, Liuzhou Iron and Steel (Group) Co., Ltd. announced a good news to its staff representatives on employee representative congress that under the extremely difficult situation for the industry in the first half year, Liuzhou Iron and Steel (Group) Co., Ltd. was proactive and initiative to try to cope with all kinds of difficulties and challenges in the industrial "winter" and "ice age". The group took its full power to reverse the passive situation of production and operation, and finally it turned losses into profit, realizing a good start for the "13th five-year plan". In the first half year, the output of iron, steel, and steel products respectively reached 5.25 million tons, 5.40 million tons and 6.86 million tons, with their respective year-on-year growths of 2.62%, 2.10%, 2.65%; an income of 20.93 billion Yuan, and a profit of 236 million Yuan were achieved.

The group vigorously promoted the development of science and technology research, and intensified development efforts for new products. In the first half of the year, 5 new products were researched and developed. The implementation of joint action between production and marketing made the production proportion of variety steel reach 61.5%.

In the second half of the year, Liuzhou Iron and Steel (Group) Co., Ltd. will continue to fully do a good job in stable production of high efficiency and low energy consumption, and do everything possible to tap potential of reducing the cost. The annual planned goal of low cost of 4.7 billion Yuan remains the same.

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