Baosteel Group Xinjiang Bayi Iron & Steel Co., Ltd., founded in 1951, is a listed company mainly engaged in the processing/sales of iron and steel smelting/rolling/ferrous metal materials/metallurgical equipment and other metallurgical products
Baosteel Group Xinjiang Bayi Iron and Steel Co., Ltd. (hereinafter referred to as Bagang) was formerly known as Xinjiang Bayi Iron and Steel Group Co., Ltd. Founded in September 1951, it was originally a state-owned backbone enterprise and a large profit and tax enterprise in the autonomous region, and officially joined Baosteel Group on April 28, 2007.
In 2010, Bagang has an annual output of 7 million tons of steel, products covering long products, plates and pipes and other varieties, nearly 1,610 varieties and specifications, products are mainly sold in Xinjiang and its western provinces and regions, and some are exported to Central Asia. At present, the total assets of the enterprise reach 32 billion yuan, the annual sales revenue is 20 billion yuan, the annual tax payment is 2 billion yuan, and the existing employees are 25,352. The company has a complete production process of mining, mineral processing, sintering, coking, ironmaking, steelmaking and steel rolling. In addition to the two iron mines in Hami and Altay region, there are two iron mines in Yamansu and Mengku, and there are considerable reserves of its own iron ore in the north and south of Xinjiang, and there is also a coal mine in Urumqi Aiweigou that mainly produces coking coal. At the same time, Bagang also has metal products and other steel extension products.
Main process production equipment: 2 265m2 sintering machines, 4 6m 55-hole large coke ovens, 2 2500 m3 blast furnaces, 3 120-ton converters, as well as small materials, medium materials, high-speed wire rods, cold-rolled sheet and galvanized color coated sheet units, 1750mm hot-rolled strip units, 4200/3500mm medium and heavy plate rolling mill production lines, the level of process equipment has been greatly improved, has entered the ranks of large-scale equipment, product structure and enterprise strength have reached a new level.
Under the guidance of the overall development strategy of Baosteel Group, Bagang takes the iron and steel industry as the core, takes the cultivation and development of core competitiveness as the center, makes full use of the unique advantages of iron ore, coal and other resources, adheres to the road of low-cost development, and meets the needs of the regional steel consumption market through measures such as product structure adjustment, filling in and filling, eliminating backwardness, energy conservation and emission reduction, and improving the level of technology and equipment, and will reach 10 million tons of steel production capacity in 2012 and 15 million tons of steel production capacity in 2015. Strive to become the most competitive steel enterprise in western China and Central Asia.
