Tonghua-based Chinese steelmaker Tonggang, a subsidiary of Shougang, has announced that it has been focusing on technological innovation and careful management as it seeks to continue to reduce its costs.
In the first four months of this year, the steelmaker has produced a total of 1,337,000 mt of iron at its iron works, with a decrease of RMB 162.9/mt in cost compared to the same period last year. Tonggang also stated that in the first four months it has significantly increased its rate of coal injection at its iron works.