Guangdong's largest cold-rolled sheet production line put into operation is expected to output 12 billion yuan

According to an information report, the 1.8 million-ton cold-rolled steel project jointly constructed by Guangdong Steel Group and Japan JFE Steel Co., Ltd., the first of its kind in southern China and Guangdong’s largest production of cold-rolled sheet products, was officially completed and put into operation in Guangzhou Nansha yesterday morning. According to reports, after the 1.8 million tons cold-rolled sheet production line is put into production, it is estimated that the annual output value will exceed 12 billion yuan.

According to reports, 1.8 million tons of cold-rolled sheet project total investment of 6.7571 billion yuan, China and Japan accounted for 50%. The project includes the construction of a new 1800mm pickling-cold-rolling unit, continuous annealing unit, and hot-dip galvanizing unit. After the completion of the production of products including cold-rolled coil, hot-dip galvanized coil, mainly for cars inside and outside the plate, high-end home appliances and other high value-added products. Guangzhou Municipal Party Committee Standing Committee Executive Vice Mayor Min Yimin, Deputy Mayor Chen Mingde and Gan Xin attended the opening ceremony.

In the speech, Lou Yimin stated that the completion of the 1.8 million-ton cold-rolled project is another major achievement in deepening mutual cooperation and mutual benefit, rewriting the history of Guangzhou and even Guangdong without a large-scale modern cold-rolling production line and accelerating industrial transformation of Guangzhou Steel. Upgrading is of great significance for upgrading the level of advanced manufacturing in Guangzhou and optimizing the industrial structure of Guangzhou. It is of great significance for accelerating the construction of Nansha Development Zone and building a modern industrial system with competitive advantages.

Guangzhou Iron and Steel Group revealed that after the 1.8 million tons cold rolling project reaches production, the annual output value will exceed 12 billion yuan, which will inject momentum into the transformation and development of the Group. This is also an important project in which the head office of Hedong Iron & Steel Co., Ltd. is gradually shifting production from the smelter to deep processing.