SteelOrbis Shanghai
On November 18, Baoshan Iron & Steel Group (
Baosteel) announced that its cumulative
automotive sheet
production (in the years since the company first commenced auto-steel
production) has broken through the 15 million mt mark. According to
Baosteel's estimation, its
automotive sheet
production will reach 2.5 million mt this year, continuing to maintain a 50 percent market share in the domestic cold rolled
automotive sheet market.
Ai Baojun, president of the
Baosteel Group, indicated that the company will further expand its
production of
automotive sheet in the future.
Baosteel's targets are, firstly, to further increase
production capacity and try to break its annual
production record of five million mt by the end of 2010; secondly, to further strengthen exploration regarding new products, especially with respect to high grade and high value-added steel products; thirdly, to achieve an advanced supply cycle and quick response to demand by making use of local advantages; fourthly, to continue to enlarge the company's international collaboration so as to boost
automotive sheet technology through strategic cooperation, as well as through joint investment and research and development; fifthly, to push forward the company's premium product strategy and to boost technical progress.
So far, the number of
Baosteel automotive sheet grades has increased from less than 10 to more than 200, including hot rolled sheet, pickled sheet, cold rolled sheet, hot-dip
galvanized sheet, and electro-
galvanized sheet and so on.
Baosteel's
automotive sheet is used in large quantities by almost all automobile manufacturers in
China. With product quality reaching world standard,
Baosteel has now successfully joined the ranks of suppliers of steel to the international
automotive market.