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[Ferro-Alloys.com]

  On December 30, the signing ceremony of new agreement between Baosteel Desheng and Ningbo Baosteel was held in Baowu building. On December 23, TISCO group completed the industrial and commercial registration of equity change, and the controlling shareholder was changed to China Baowu. This indicates that the restructuring of China Baowu and TISCO group has entered the substantive operation stage, and TISCO group has become a member of China Baowu family. Based on the overall planning, construction and integration of the stainless steel industry, the group decided to entrust Baosteel Desheng and Ningbo Baoxin to Taiyuan Iron and Steel Group for management.

  Baosteel Desheng and Ningbo Baoxin said that TISCO group is a leading enterprise in the global stainless steel industry, with advanced technical equipment, excellent talents and strong R&D strength. Baosteel Desheng and Ningbo Baoxin firmly support the group's decision-making and will perform well in internal publicity and implementation to ensure smooth business and reliable personnel. Meanwhile, the company should actively integrate into TISCO group to achieve comprehensive docking of management system, seamless connection of management responsibilities, efficient promotion of management docking, continuous and stable operation of the company, helping China Baowu to become a leader in the global steel industry with strength and fame.

  TISCO group said that it will perform well, implement the group's decision-making and deployment in place, transform the group's expectations and high expectations into working motivation, and face struggles and difficulties with a positive attitude, so as to become the leader of the global stainless steel industry as soon as possible. In the next stage, the group will accelerate the formation of the leading industrial planning, take a global view, promote the high-quality development of the stainless steel industry, and strive to become a demonstration enterprise of Baowu in China; realize efficient operation, learn from Baosteel, find out the difference by benchmarking, speed up the establishment of the operation mode of one headquarter with multiple bases, achieve high-efficiency.

• [Editor:Catherine Ren]