Xianfu Steel Commences 1 Million Tons/Year Coking Project, Boosting Steel Industry Chain Integration

[Commencement of 1 Million Tons/Year Coking Construction Project of Xianfu Steel]

On September 6, Yunnan Yuxi Xianfu Iron & Steel (Group) Co., Ltd. held a groundbreaking ceremony for its supporting 1 million tons/year coking construction project, marking a crucial step forward for Xianfu Steel (Group) in fully connecting the entire steel industry chain. This 1 million tons/year coking construction project, serving as a supporting facility for Yunnan Yuxi Xianfu Iron & Steel (Group) Co., Ltd., is both a key project under Yunnan's "Four Hundreds" initiative and a major private investment project in the province. Covering a total area of 1200 mu (approximately 80 hectares), the project is estimated to have a total investment of RMB 2.2 billion. Upon completion, it will produce 1 million tons of dry coke annually, meeting nearly 70% of Xianfu Steel's annual fuel demand for production, significantly reducing fuel purchase costs, and achieving cost reduction and efficiency improvement. The project is expected to be fully completed and put into operation by the end of 2025, generating an annual output value of approximately RMB 3 billion, tax revenue of RMB 170 million, and creating employment for over 630 people.