Successful Hot Test of GCDMR's 1780mm Hot Strip Mill Project in Indonesia by China Heavy Machinery Institute

Recently, the 1780mm hot strip mill project of GCDMR's hot rolling factory, undertaken by the wholly-owned subsidiary of China Heavy Machinery Institute, Xi'an Heavy Machinery Technology Co., Ltd., in conjunction with Erzhong (Deyang) Heavy Equipment Co., Ltd., has successfully completed the full-line hot load test and rolled the first volume. During the hot load test, the equipment operated stably, and the steel coil had a good shape.

The contract includes the design of the entire line of electromechanical and hydraulic systems, complete equipment supply, equipment commissioning, performance acceptance, and technical guidance and training. This is the first set of modern hot continuous rolling equipment for stainless steel and carbon steel exported overseas by Guoji Heavy Industry, with comprehensive technical performance reaching an internationally leading level.

This project is a joint investment by Tsingshan Group and Delong Group in the Tsingshan Industrial Park in Morowali County, South Sulawesi Province, Indonesia, with an annual output of 4.5 million tons of 1780mm hot continuous rolling production line, including 1 million tons of stainless steel hot rolling coil and 3.5 million tons of carbon steel hot rolling coil annually. China Heavy Machinery Institute, affiliated with Guoji Heavy Industry, has organized, designed, manufactured, and served precisely with its brother unit Erzhong Equipment, fully leveraging its strong R&D strength and full industry chain manufacturing capabilities of major technical equipment, to create a high-quality, high-quality, and highly stable hot continuous rolling machine production line.

Ningbo Baoxin's BA Plate Order Volume Increased by 34% Year-on-Year in the First Half of the Year

Recently, Ningbo Baoxin held a management symposium for the second half of 2024, mentioning that the company continues to expand orders and optimize the structure to enhance overall profitability.

In the first half of the year, the futures order volume increased by 14.9% year-on-year. By continuously optimizing the product mix and increasing the order volume of high-profit products such as BA surface, automotive decoration strips, and hard steel, the BA plate order volume increased by 34% year-on-year; the order volume of automotive decoration strips increased by 186%; the order volume of hard steel increased by 61%; the order volume of 400 series increased by 4.7%, ensuring the company's full-load production and enhancing the company's overall profitability.

Baosteel Desheng Achieves a 75% Reduction in Pollutant Emission per Ton of Steel Compared to Before the Transformation

Recently, Zhu Qiangqiang, Deputy Minister of Energy and Environmental Protection of Baosteel Desheng, introduced in an interview, "We have invested more than 1.4 billion yuan in ultra-low emission transformation, achieving a 75% reduction in pollutant emissions per ton of steel compared to before the transformation. By implementing the cascade utilization of wastewater and the utilization of solid waste resources, the company can now achieve 'zero wastewater discharge, no solid waste out of the factory'. Building a green, high-quality, and intelligent stainless steel industrial base is our goal."

Antam's Nickel Mineral Production and Sales Volume Decreased by 46.32% in the First Quarter

Jakarta - PT Aneka Tambang Tbk (Antam) explained its operational performance in the first quarter of 2024, including the production and sales of gold, nickel, bauxite, alumina, and silver commodities.

Syarif Faisal Alkadrie, head of the company's secretary department, said that the company is facing challenges in licensing, global geopolitical and economic conditions, and fluctuations in commodity prices. "In the first half of 2024, Antam is striving to maintain production and sales at the best level to complete the 2024 work plan," he said in the information disclosed to the public on Wednesday (17/7/2024).

In the first quarter of 2024, Antam's nickel ore production reached 4.19 million wet tons (wmt), a decrease of 39.53% compared to the same period last year. However, the second quarter of 2024's production increased by 90% compared to the first quarter of 2024. Nickel ore sales reached 3.36 million tons, a decrease of 46.32% compared to the first half of 2023, but the second quarter of 2024 sales increased by 135% compared to the first quarter of 2024.