The Zenith Steel Group’s selective steel project located in Haimen city has achieved profitability, marking the emergence of a high-end and green port-based steel industrial park with a value of 100 billion yuan.
The zenith Steel Group’s selective steel project is a demonstration project in Jiangsu that implements the two major national strategies of the development of the Yangtze River Economic Belt and the integration of the Yangtze River Delta by promoting the transfer of steel production capacity from the Yangtze River to the coastal areas.
Started in August 2020 with a total investment of 100 billion yuan, the project has a planned steel production capacity of 20 million tons for high-quality line bars and high-end hot rolled coils.
Through technological empowerment, Zenith has built a national-level intelligent manufacturing demonstration factory, achieving low-carbon circular production with zero discharge of wastewater, zero gas release, and zero discharge of solid waste.
“We expect to officially start exporting next year, and we expect to achieve exports worth 2 billion US dollars in two to three years. We will continue to tap into our potential and take steps towards higher levels in terms of production efficiency, production costs, and product quality. We will also collaborate with upstream and downstream enterprises and conduct extended processing to enhance our core competitiveness”, Dong Liyuan, Vice President of Zenith Iron and Steel Group and General Manager of Zenith Nantong Company, said.
Since its founding 22 years ago, Zenith Steel has become a national-level super large steel joint enterprise with an annual revenue of more than 200 billion yuan by building multiple production bases in Changzhou, Nantong, and Huai'an.
