On June 24, Liugang Co., Ltd. issued the "Announcement of Liugang Co., Ltd. on the Commissioning of No. 1 Blast Furnace System of Guangxi Iron and Steel Group Co., Ltd. Fangchenggang Steel Base Project" (hereinafter referred to as the "Announcement").According to the "Announcement", the Guangxi Iron and Steel Group Co., Ltd. Fangchenggang Iron and Steel Base Project (hereinafter referred to as the "Fanggang Project") in which Liuzhou Iron and Steel Co., Ltd. (hereinafter referred to as the "Company") participates in the No. 1 blast furnace system was completed and put into operation on June 28, 2020 .As an important strategic layout for the structural adjustment of the national iron and steel industry and a key component of the second entrepreneurship of Guangxi's metallurgical industry, the anti-steel project was approved by the National Development and Reform Commission in 2012 and started construction in the same year. In 2018, the company's controlling shareholder Guangxi Liuzhou Iron and Steel Group Co., Ltd. completed the reorganization and continued construction. The planned total investment of the project is 36 billion yuan (excluding the project investment before the reorganization). After completion, it will form a production scale of 8.5 million tons of iron and 9.2 million tons of crude steel. The products include cold rolled plates, Hot-dip galvanized coils, hot-rolled wide strip steels, high-strength rebars, alloy steel bars, high-quality wire rods, etc., can meet the needs of the markets of Guangdong, Guangdong, Hainan, Southwest and Southeast Asia, automotive, home appliances, construction, machinery, shipbuilding, energy and other industries Demand for medium and high-end steel products.
