Recently, Hebei Jinxi Iron and Steel Group Co., Ltd. announced the launch of two million ton key projects with a total investment of 7.9406 billion yuan, marking a key implementation stage for the company's green transformation and high-end sheet metal production capacity layout.

The two key projects launched this time include the "KR iron desulfurization, RH refining furnace and supporting continuous casting upgrade and renovation project" and the "1880mm hot rolling coil production line project". After the completion of the KR iron desulfurization, RH refining furnace and supporting continuous casting upgrade and renovation project, it will achieve an annual processing capacity of 3 million tons of iron, an annual production capacity of 3 million tons of qualified slabs, and an annual production capacity of 3.5 million tons of hot-rolled steel coils.

Jinxi Steel has been focusing on the field of steel products for many years and has now developed into a specialized, serialized, and large-scale steel production base. The company's products cover 152 series and 428 specifications, including H-beams, steel sheet piles, high-speed rail poles, and groove angle steels, with high value-added products accounting for over 70%. Especially in the field of high-speed rail poles, the domestic market share exceeds 90%, and the products are exported to 33 countries and regions around the world. The production, sales, and export volume have ranked first in the country for consecutive years.

According to publicly available data, Jinxi Steel's crude steel production reached 7.53 million tons in 2023 and 7.43 million tons in 2024, maintaining its 49th ranking among global steel companies for two consecutive years.

Han Jingyuan, Chairman and President of Jinxi Group, stated that the coordinated promotion of these two key projects is a key measure for Jinxi Iron and Steel to promote green and low-carbon transformation and enhance core competitiveness. He further pointed out that Jinxi Group has established a clear development plan, striving to control 3-5 listed companies by 2030 and successfully enter the ranks of Fortune 500 companies. This significant investment will lay a solid foundation for the group to achieve high-quality and sustainable development, while also promoting the transformation and upgrading of China's steel industry towards green and high-end direction. Editor/Yang Beihua