Baotou Iron and Steel Co., Ltd. signed a large international purchase order of 2.76 billion yuan.

SMM News: the third China International Import Expo held in Shanghai in 2020 attracted the world's attention. On November 6th, Baotou Steel (Group) General Manager Sun Guolong and Deputy General Manager Li Degang led a Baotou Steel delegation to sign a large international procurement order of 2.76 billion yuan at the Expo, marking a good start to Baotou Steel Group's 14th five-year Plan opening up to the outside world.

On November 6, Sun Guolong signed a strategic cooperation intention agreement with Australia's Rio Tinto (China) on behalf of Baotou Steel Group in Shanghai Huidefeng International Plaza. Rio Tinto Group is a global leader in the exploration, mining and processing of mineral resources, the world's top 500 enterprises, known as one of the world's three giants of iron ore. During the discussion, Sun Guolong and Li Degang highly praised the two sides for maintaining good cooperative relations for a long time, and hoped that the two sides would cooperate sincerely and achieve win-win cooperation. At the same time, in addition to ore business cooperation, we will jointly promote rail cooperation in Baotou Iron and Steel Co., Ltd.

At the Expo venue, Baotou Steel Group signed a strategic framework agreement with Germany's Siemens. Siemens is a global leader in the field of electronic and electrical engineering and one of the top 500 companies in the world. it has established a leading position in the Chinese market with outstanding quality, reliable reliability and leading technological achievements. Since the signing of the strategic framework agreement with Siemens in 2018, Baotou Steel has achieved close cooperation among enterprises through Siemens close technical services, depreciation and replacement strategy, priority deployment of national and even global warehouses, and expert technology exchange. efficiently promote the high-quality development of Baotou Iron and Steel Co., Ltd. According to statistics, Baotou Steel has purchased about 30 million yuan of Siemens products in the past three years, saving about 9 million yuan in procurement costs, greatly improving work efficiency and reducing procurement costs. Sun Guolong highly praised the cooperation between Baotou Steel and Siemens and hoped to take this signing as an opportunity to push future cooperation to a new height. Li Degang signed a strategic framework agreement with Siemens on behalf of Baotou Steel.

During the signing period, a reporter from Inner Mongolia TV Station made a special interview on Baotou Steel's participation in the Expo. Dongsheng, manager of the Purchasing Center, said that the purpose of Baotou Steel's participation in the Expo is to learn and introduce foreign advanced technology and equipment, and the contracted projects will help improve Baotou Steel's equipment level, improve production efficiency and equipment stability, promote the development of digital intelligence, and help Baotou Steel move towards the goal of green, ecological and high quality.

The Baotou Steel delegation also signed a memorandum of cooperation with Australia's FMG, which Sun Guolong signed on behalf of Baotou Steel. FMG has a number of the world's super-large mines, mining, processing and shipping and other integrated operations, promoting it to become the world's fourth largest iron ore shipper. Baotou Iron and Steel Co., Ltd. cooperated with FMG in 2017 and has so far provided Baotou Steel with nearly 13.4 million tons of ore, and the price is lower than that of other Australian ores, which has played an important role in balancing Baotou Steel's ore mix and reducing the cost of sinter. Sun Guolong introduced the industrial scale and product features of Baotou Steel in his speech at the signing ceremony. He said that he is willing to develop a direct relationship between supply and demand with FMG, hoping to maintain long-term price concessions and stable supply, and jointly promote the further deepening of bilateral cooperation.

At the Expo venue, the Baotou Steel delegation held an online discussion with the French French company and visited the exhibition hall of the French company. Fafu is an industrial engineering group with a history of more than 200 years, committed to the world's leading process technology and equipment development, and is the leading industrial 4.0 development strategy designated by the French government. The cold rolling and hot-dip galvanizing production lines of Baotou Metal Manufacturing Company are equipped with Fafu equipment, and provide good personnel training and technical support for Baotou Iron and Steel Co., Ltd. Sun Guolong said that international cooperation has enhanced the understanding and friendship between the two sides, and hopes that Fafu will continue to upgrade its process technology in the field of Baotou steel and ultra-high strength steel, integrate more intelligent production programs, and meet the historical opportunities of China's high-quality development. to promote the two sides to become a model of international cooperation. Li Degang affirmed the cooperation between the two sides and hoped that the two sides would continue to carry out cooperation in equipment technology. The foreign representative of the company said by video link that due to the continuous sincere cooperation between the two sides in the novel coronavirus epidemic, the company will overcome difficulties, strengthen cooperation, and fully support the high-quality development of Baotou Iron and Steel Co., Ltd.

On the 7th, the Baotou Steel delegation visited Suzhou Cummins Company, during which Li Degang signed a strategic cooperation agreement with Cummins Company on behalf of Baotou Steel. Cummins is a leading power equipment manufacturer in the world, and provides corresponding after-sales service. Cummins engines are mostly used in large mining vehicles in Baotou Iron and Steel Mine, and the deep cooperation between the two sides has greatly reduced the cost of engine maintenance. it provides inexhaustible power for the development of Baotou Iron and Steel Mine. In particular, the intelligent mine construction project carried out by Bayan Obo Iron Mine in recent years has been strongly supported by Cummins. During the discussion, Cummins introduced the business philosophy and said that it will fully support the high-quality development of Baotou Iron and Steel Co., Ltd., ensure that the supply chain is continuous, and the products are transformed and upgraded. Li Degang hopes that the two sides will carry out more cooperation in the self-driving technology of mine trucks. Sun Guolong highly praised the cooperation between the two sides and hoped that the two sides would take into account such factors as cost, efficiency, quality and service, so as to promote more far-reaching cooperation between the two sides.

The Baotou Steel delegation also went to Jingjiang City, Taizhou to visit Daming International Holdings Co., Ltd., visited the company's production workshop and had a friendly discussion. Daming International is a modern integrated service enterprise engaged in iron and steel processing, sales and technical services, with cutting, cutting, grinding, molding, welding, heat treatment, machining, spraying, final assembly and other platforms. The person in charge of Daming International Company gave a positive evaluation of Baotou Steel products, saying that he would fully support Baotou Steel products, jointly develop high strength steel and pipeline steel market with Baotou Steel, and hope that Baotou Steel would increase its supply volume. and in the supply cycle, product inventory forward and other aspects to give support. Li Degang introduced the characteristics of rare earth steel products of Baotou Steel and hoped that Daming International would pay attention to the advantages of medium and heavy plates of Baotou Steel and consider deep cooperation with Baotou Steel in shear distribution projects. Sun Guolong said that with the deepening of international cooperation between Baotou Steel and Daming, product cooperation should also be expanded. It is hoped that Daming International will take into account the advantages of Baotou Steel in various aspects and strengthen its cooperation in the development of variety steel. in-depth research on the cooperation of high-strength steel and pipeline steel to promote the cooperation to the goal of high-quality development.

On the 8th, Sun Guolong and his entourage were in Shanghai to investigate the progress of the joint venture project, visiting the production line of the joint venture project and investigating the progress of the joint venture project. Sun Guolong carefully listened to the company's introduction on the experimental principle and results of the comprehensive utilization of steel slag by the Colombian carbonic acid process, inspected the experimental site, inquired in detail about the production links, equipment and products, and affirmed the achievements made by the cooperative company. He stressed that environmental protection projects have very good prospects for development, and it is necessary to carry out in-depth research on water slag and iron slag, solve the problem of continuous production as soon as possible, consider industrialization and expand the scale of production when conditions are available, and pay attention to market research to avoid investment risks.

Leaders of the government of Kunming District, relevant responsible persons of Baotou Iron and Steel Co., Ltd., Northern rare Earth, Baotou Steel Mining, Tiehua Culture Company, Metal Manufacturing Company, Purchasing Center, sales Company, International Trade Company and Baotou Company participated in the Expo or visited research activities.