Chongqing Iron and Steel hand South Korea POSCO cooperation construction Finex comprehensive demonstration steel plant

China Securities Network News (reporter Wang Yu) reporter from Chongqing Iron and steel large shareholder of heavy metal group learned that the afternoon of 22nd, the group and South Korea's Posco in Chongqing signed Finex comprehensive demonstration Steel Project cooperation Agreement (MOA) and cold rolling galvanizing project Memorandum of Understanding (MOU).　　Chongqing Mayor Huang Qifan, deputy Mayor Ongeming and POSCO President Zhengjunyang attended the signing ceremony. It is understood that the heavy steel group through the successful implementation of environmental protection relocation Project, has become an important modern China's Western Union enterprises. POSCO ranks first in the world's steel industry for many consecutive years. The joint construction of the heavy steel and POSCO Finex comprehensive demonstration mills, will adopt the world's most technologically mature, industrial production adaptability of the best finex melting reduction and CEM continuous rolling process, integrated steel new Area construction of a number of technical innovation and independent intellectual property rights, Build the world's first set of FINEX-CEM demonstration production line, and to be combined with longevity Chemical park, will be surplus gas supply chemical enterprises, to achieve metallurgical-chemical integration, the establishment of high efficiency, low energy consumption of the comprehensive demonstration steel, to truly achieve the green development of iron and steel industry, energy-saving emission reduction,　　Adjustment of structure and elimination of backward capacity has a positive impetus.　　It is also reported that the heavy steel and POSCO to cooperate in the cold rolling galvanizing project will mainly produce advanced cold-rolled, galvanized plate, and targeted services in Chongqing automobile and home appliance market. Chongqing Mayor Huang Qifan said that the signing in the history of the development of Chongqing Steel milestone, with four good: one is to bring the revolutionary progress of steelmaking technology, Finex melting reduction technology can reduce the energy consumption of steelmaking process, reduce pollution, to the national steel industry to environmental protection and energy-saving transformation has a demonstration effect And the second is that the steel plate used in Chongqing automobile is purchased from the field, cold-rolled galvanized project will make up for this short board, which plays an important role in building automobile comprehensive supporting base in Chongqing. Third, the Finex technology and cold rolling galvanized project and the existing production lines of heavy steel, can produce scale effect, realize low input high output　　Four is to the current Chongqing economic development has a good investment pull role. POSCO President Zhengjunyang said the signing is an important milestone in the exchanges and cooperation between China and South Korea. The introduction of Finex technology into heavy steel will contribute to the transformation and upgrading of China's iron and metal industry to energy saving and environmental protection, and the cold rolling galvanizing project will play an active role in the development of Chongqing's automobile industry.　　POSCO will be fully committed to the implementation of the project to achieve cooperation and mutual win. Chongqing Steel board Secretary Lang said that the signing is still in the major shareholder level, in the short term, there is no direct impact on listed companies. But the company is now holding fast to promote the group's operating assets as a whole listing, will soon be audited. If the reorganization is passed, then the Finex of the advanced technology and the subsequent cold rolling galvanized project construction will bring the demonstration effect of the company in full, the long-term development of the company is obviously beneficial.