Xu Lin, director of Nanjing Steel (600282), said on September 7 that in the future, the company will actively seek investment opportunities in upstream resource projects. In the coming 2-3 years, the self-sufficiency rate of iron ore resources will reach 40%-50%, and the self-sufficiency rate of coking coal resources will reach 1/3 or more.
He also pointed out that Jinan Mining, a wholly-owned subsidiary of the company, currently produces 1 million tons of fine iron powder, accounting for 9% of the company's iron ore consumption. In addition to investing in AWC, it can acquire 100-200 million tons of iron ore resources each year.
It is reported that in the first half of the year, Nanjing Iron & Steel Co., Ltd. realized operating revenue of 19.173 billion yuan, an increase of 35.16%; operating costs of 17.556 billion yuan, an increase of 38.99%; realized attributable to the parent company owners net profit of 586 million yuan, an increase of 14.80%;
According to recent interim disclosures issued by major steel listed companies, the profits of most listed steel companies have declined. The reason is attributed to the fact that in addition to the individual steel enterprises that did not receive large profits from investment in large-scale projects, the decline in profits of steel companies was mainly related to iron ore prices. Rising about. To this end, Nanjing Iron & Steel actively explored upstream resources projects to further increase the self-sufficiency rate of iron ore.
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