The annual shareholders meeting of Chinese steelmaker Hangzhou Iron and Steel Group Company (HISGC) was held in Hangzhou on November 10.
The company stated that it intends to focus increasingly on research and development into high-technology and high value-added products. Based on its existing annual output capacity of 4 million mt of steel products, HISGC plans to increase its proportion of high quality steel production. The company stated that it has developed a total of 200 new products, with the share of high quality steel reaching 80 percent.
From September this year, the implementation of government policy aimed at saving energy and reducing emissions has had a growing impact on the domestic steel market. However, as HISGC had already gradually perfected its environmental protection measures,, it has not been greatly affected by the government policy. HISGC recycles blast furnace gases and coke oven gases, thus improving its utilization rate of resources and lowering consumption levels.
HISGC's rate of recycling of waste water amounts to 97.45 percent, while its qualification rate for emissions like waste gas and water stands at 100 percent.