TISCO's "Twelfth Five-Year Plan" will promote energy resources strategy

Taiyuan Iron and Steel Group stated on February 10 that the company will step up its efforts to promote key projects in the “Twelfth Five-Year Plan”, and on the basis of strengthening its main business, it will accelerate the extension of upstream and downstream industrial chains and accelerate the use of chromium, nickel, and coal. Iron ore is a key energy resource strategy, and it will soon enter the high-end manufacturing industries and fields with a focus on stainless steel.

Taigang pointed out in the press release that the company will spend two and a half years to complete the implementation of major projects and lay a foundation for the leapfrogging development of the “Twelfth Five-Year Plan”. First, we must continue to strengthen our main business, continue to strengthen the status of global stainless steel industry leaders, and accelerate the development of high-precision series of specialty products.

At the same time, we must accelerate the extension of the upstream and downstream industrial chains. In the upper reaches, we must accelerate the development of energy and resource strategies that focus on chromium, nickel, coal, and iron ore; on the downstream, we must focus on building the product industry chain and focus on stainless steel as soon as possible. The high-end manufacturing industries and fields, at the same time, accelerate the construction of a rational distribution of processing and distribution logistics system, and strengthen and expand the stainless steel eco-industrial park.

In addition, the company will also accelerate the development of diversified industries that use new materials as breakthroughs, accelerate technological output in information and automation technology, coking engineering technology, metallurgical engineering technology, energy saving and environmental protection technologies, and accelerate the development of green development and harmonious development. Implement a batch of energy conservation, environmental protection and circular economy projects.