Pangang Group Vanadium Output Increased By 15% Year-On-Year

After achieving a “good start” in the first quarter, PANGANG GROUP will hand in its brilliant “report card” in half a year. The output of main products exceeded the schedule target, and both increased significantly year-on-year. Among them, the output of iron concentrate exceeded the target of 330,000 tons, and the output rose to the second place in the country for the first time; the output of titanium concentrate increased by 109,000 tons year-on-year, and the output scale ranked first in the country. The output of pig iron increased by 365,000 tons, an increase of 7.2% year-on-year, and the growth rate outperformed the industry; the output of crude steel increased by 449,000 tons, an increase of 9.3% year-on-year; the output of efficiency product plates increased by 240,000 tons year-on-year, an increase of 7.6%; the output of vanadium increased by 3000 tons year-on-year, an increase of 15%; the output of titanium dioxide increased by 8,500 tons year-on-year, an increase of 7.4%. The company’s total profit increased significantly year-on-year, setting a record high.
In the first half of the year, PANGANG GROUP Vanadium achieved a profit exceeding the annual goal of 159 million yuan, an increase of 7.05 percentage points from last year’s sales profit, a quantified cost reduction of 226 million yuan, and a five-year cost reform target of 74%. A record was set, and the cumulative 9 indicators hit the best in history. In the first half of the year, Xichang Steel and Vanadium achieved a profit exceeding the annual goal of 209 million yuan, and the technical and economic indicators of the whole process of scrap consumption, hot charging rate, molten iron conversion rate, and steel-making vacuum heavy treatment set new records. In the first half of the year, the company’s net profit increased significantly from 426% to 519% year-on-year. The production and sales ratio reached the target, and the export of titanium dioxide increased by 13.6 percentage points year-on-year. The assessed profit of the mining company exceeded the challenge target of 39.98 million yuan, and the output of iron ore and titanium concentrate reached the best level in the same period in history. The quantitative cost was reduced by 247 million yuan, which exceeded the plan by 14%. The main contractual indicators were all completed.
Efficient connection of production, supply, transportation and sales. In the first half of the year, China World Trade Corporation achieved a year-on-year increase in sales of 4.5%, of which six strategic products including heavy rail, automotive steel, special steel, sponge titanium, electrical appliance steel, and pipeline steel all achieved year-on-year growth. Special research on smelting system methods and measures to achieve the “four guarantees” (guaranteeing anterograde, quality, scale, and cost) of blast furnaces, optimize raw fuel structure and product structure adjustment, and increase the use of scrap steel and iron-containing scrap , to ensure the stability of the blast furnace and maximize the scale of benefits such as hot plates, cold plates, titanium dioxide, and vanadium products. The supply system strengthened coordination with the manufacturing base, accurately studied market trends, and controlled procurement costs as much as possible through selective procurement, and continued to widen the positive scissors gap between purchases and sales. The fulfillment rate of the procurement plan in the first half of the year reached 99.5%.