Beijing Shougang Co.Ltd(000959) 3 disclosed the record of investor relations on March 21. The announcement shows that in 2021, the production line of the company’s electrical steel will be smooth and stable, the product structure will be continuously optimized, and the proportion of high-end products (high-grade non oriented electrical steel and high magnetic induction oriented electrical steel) will reach 48%. In June 2022, the company will put into operation a special production line for driving motor materials of new energy vehicles, which can increase the production capacity of high-grade non oriented 350000 tons / year; In the first quarter of 2023, the thin specification high magnetic induction oriented electrical steel production line will be put into operation, with an additional orientation capacity of 90000 tons / year. The follow-up company will expand the production capacity of high-end products in a planned way through production line process optimization and relevant supporting production line construction. It is estimated that by 2025, the total amount of electrical steel will reach more than 2 million tons, and the output of high-end products will account for more than 70%.
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