On August 26th, Baosteel held the 2014 first half year performance analyst briefing. Dai Zhihao, general manager of Baosteel, Zhang Pijun, president of Central Research Institute, Zhu Kebing, secretary of Baosteel as well as chief financial officer made interactive communications with analyst representatives of the relevant institutional investors.

During the communication, analysts representatives firstly heard the special reports such as Baosteel technical innovation strategy promotion, premium steel products trial manufacture, new materials and other cutting-edge technology preservations, and visited Central Research Institute pilot plant test laboratory, automotive sheet laboratory and other research site, carrying out spot study on Baosteel new product development and cutting-edge technology research progress.

Dai Zhihao presented detailed introductions to analyst representatives on Baosteel accelerating the transformation and upgrading, promoting automotive sheet EVI service mode, accelerating the development of two wings. Zhu Kebing made a brief introduction on Baosteel first half year operating conditions, financial management and sustainable development.

Dai Zhihao said, Zhanjiang steel is currently in the phase of bi-operation for construction and production preparation, Baosteel is actively planning the arrangement of Zhanjiang Steel operation, the operation of Zhanjiang Steel will be closer to the users in Guangdong and Guangxi region, to reduce procurement costs for users, developing the scale effects of Baosteel premium products and facilitating the expansion of Baosteel products in Southeast Asia, the Middle East, Africa and other emerging markets. After Zhanjiang steel project is put into operation, Baosteel will give full play to production collaborative and management collaboration between Shanghai base and Zhanjiang base, accelerating the competitiveness improvement of Zhanjiang steel.

After exchanging with analysts on the development trends of upstream and downstream raw material price and user requirements in the second half year, Dai Zhihao said Baosteel will adhere to premium strategy, and constantly deepen the internal management reform, improve management capacity and management level, focus efforts on efficiency potential of the loss businesses, continuing to maintain the best operating performance in the industry, ensuring the completion of the annual business objectives




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