Jiujiang Pinggang Begins 12-Day Maintenance on 450m³ Blast Furnace, Affecting 1,700 mt Daily Hot Metal Output

The Ministry of Commerce and nine other departments have issued the "2026 'Happy Spring Shopping' Chinese New Year Special Activity Plan." The plan proposes encouraging localities to increase the number of trade-in subsidies for consumer goods during the Chinese New Year period, enhance support for offline physical retail, mobilize enterprises to continue organizing exhibitions and sales activities related to automobiles, home appliances, digital and smart products during the holiday, guide businesses to set up product experience zones for smart terminals and other products, offer more discounts to in-store customers for trial experiences, strengthen policy interpretation and offline experiential consumption promotion, and foster a strong trade-in atmosphere.

Recently, the R&D of Jinye Huaxi Special Steel's medium-thickness plate Q355ND has been successfully completed. The product specifications cover 12–50 × 2,000–2,500 mm, with all performance indicators meeting the requirements of the GB/T1591-2018 standard, and some key parameters surpassing those of similar international products. This marks a significant breakthrough for Huaxi Special Steel in the field of low-alloy high-strength steel. The Q355ND steel plate exhibits excellent weldability, cold formability, and fatigue resistance, making it suitable for widespread application in various high-end fields such as building construction, bridge construction, marine engineering, energy equipment, and rail transportation.

On 30 January 2026, China Baowu Resources Co., Ltd.—the core resource operations platform of the world's largest steel manufacturer, China Baowu Steel Group—successfully concluded the strategic acquisition of the development consortium for Blocks 1 and 2 of the Simandou iron ore project in Guinea, West Africa. By securing a 51% majority stake in the consortium, the company has formally established de facto control over the project. Recognised as one of the world's premier undeveloped high-grade iron ore resources with a planned annual capacity of 60 million tonnes, this acquisition marks a significant breakthrough in Baowu Group’s development of overseas equity mines.