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Liuzhou Iron and Steel Group makes great achievements in productive profit
Date:2017-11-29 By:Qiuzhen Luo Source:Liuzhou Daily

It is reported that Guangxi Liuzhou Iron and Steel Group Company Limited has made great achievements in productive profit. In the first 10 months of this year, the production of the iron, steel and material reached 9.44 million tons, 10.09 million tons and 12.78 million tons respectively. The operating revenue amounted to RMB 56.3 billion and the profit amounted to more than RMB 2.5 billion, both of which were higher than the previous record for the same period.

Although the world economy is still at a low stage, Liuzhou Iron and Steel Group has still attained great achievements due to their clear development goal of “building a strong iron and steel making sector and making multi businesses bigger and stronger”. Meanwhile, they seize market opportunities, actively promote the structural reform of supply side, carry out production and operation activities in an orderly manner on the premise of safety, and promote industrial transformation and upgrading.

In 2017, Liuzhou Iron and Steel Group expects to reach a cost reduction of RMB 2.9 billion. To realize benefit maximization, they break regional boundaries of various units by promoting the cooperation between factories and units, and dig up cost reduction potential by coordinating the taches of supply, production and distribution with processes of ironmaking, steel-making, and steel rolling. In the first 10 months of this year, the company created RMB 2.166 billion benefits based on cost reduction, which completed 89.53% of the cumulative schedule.

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