Expert: high end electrical steel helps the iron and steel industry to save energy and reduce emissions

On April 7, the 2022 (first) high-end new magnetic materials development forum, hosted by Beijing Centergate Technologies (Holding) Co.Ltd(000931) stainless and special alloy new materials industry technology innovation alliance and undertaken by Beijing Shougang Co.Ltd(000959) , metallurgical industry planning and Research Institute, was held in Beijing. Experts at the meeting pointed out that high-end electrical steel has played an important role in promoting energy conservation and emission reduction in the iron and steel industry by using innovative energy-saving technologies to deliver green products in various fields such as green household appliances, green travel and green energy.

Li Xinchuang, party secretary and chief engineer of metallurgical industry planning and Research Institute, said at the meeting that high-end electrical steel with the characteristics of low iron loss and high magnetic induction, as a decisive functional new material for making high-efficiency and energy-saving motors and transformers, is an indispensable key material in a low-carbon society Beijing Shougang Co.Ltd(000959) has efficient, green, clean and advanced whole process silicon steel production equipment, forming an advantageous product cluster with high efficiency and low loss, which will provide important support for the implementation of the national green and low-carbon development strategy.

Tian Zhiling, executive vice president of China metal society, said that at present, Baowu group and Shougang Group have reached the world advanced level in the production technology of electrical steel.

According to Shougang Group, the company adheres to the concept of innovation, coordination, green, openness and shared development, adheres to the high-quality development road of green manufacturing, intelligent manufacturing, high-quality manufacturing, lean manufacturing and precision service, and contributes to the realization of carbon peak and carbon neutralization. The company continues to promote the research and development of electrical steel process technology and product upgrading, insists on thinking about more environmentally friendly and energy-saving process and technology innovation from the two dimensions of its own process flow and product application terminal, and develops greener and more efficient electrical steel products.

The relevant person in charge of Shougang Group told the China Securities Journal that the steel industry and downstream industries jointly promote the low-carbon green transformation, which has become a consistent direction of the development of the industrial chain. In terms of steel demand, the downstream industry also puts forward higher demand for the steel industry. It has become the consensus of the industrial chain to build an efficient circular economy industrial chain and tap the carbon reduction potential of upstream and downstream.

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