In January 2021, DXN Steel expects blast furnace, steelmaking and tapping, the main process of the 4 million tons of DXN Phase I project will be fully put into operation by then. In 2020, DXN Steel set a precedent for overseas steel mills to achieve production and profit efficiency. First-line projects began production at the end of March, and continued profitability when they reached production in June. The second-line sintering project was successfully put into operation at the end of December.

In 2021, DXN Steel will focus on the overall tone of "11146" and, under the leadership and help of the group company, achieve the goal of maintaining the lowest overall cost, the lowest process cost, and the highest product price in the entire group. Actively promote the construction of the "four modernizations" and practice Delong culture through the "six ethics", namely: international ethics, lean ethics, green ethics, innovation ethics, digital ethics and happy ethics. The "Delong Model" is based on the previous precious experience of Delong Group. We must pass on advanced ideas, pass on outstanding results, implement the characteristic management model, and combine the characteristics of Dexin to develop and innovate. Be a model company for the group's overseas development.

On October 10, 2020, Mr. Luhut, the Special Envoy of the President of the Republic of Indonesia and the Minister of Marine and Investment Coordination, and Mr. Ding Liguo, Chairman of Delong Group and Chairman of Xintian Steel Group, signed an agreement to invest in Indonesia with an annual output of 20 million tons in Tengchong, Yunnan. Agreement of intent on overall planning of steel project capacity.

Prior to this, the two parties also had in-depth exchanges on project management and construction, which provided a guarantee for the successful commissioning of the project. At present, the coking and blast furnace construction of DXN's Phase I expansion project has started, and it is planned to reach 6 million tons of iron and 7 million tons of steel in the first phase of DXN in the first half of 2022. At the same time, the 3 million tons coking project in the second phase of the Dexin project on the small K island is under active preparation. Editor/Sang Xiaomei