Shougang said that all kinds of steel prices have been falling, breaking the break-even point.
Zhu Jimin, Chairman of Shougang Group, stated on the 12th that the company's steel prices have been continuously falling and have now dropped below the break-even point set in September this year. In response to these challenges, Zhu emphasized the need for thorough analysis and proactive problem-solving, aiming to secure the top position in China’s domestic steel industry by 2010 and enter the global top 500 by the year O2.
The annual innovation, excellence, and entrepreneurship exchange meeting, a rare event for Shougang, took place in Caofeidian, Hebei Province, on the 12th. During the meeting, Zhu revealed that as of the 9th, Shougang's steel product prices had fallen between 800 and 2,400 RMB from their peak this year, with further declines expected. "If we don’t take immediate and effective measures, the entire industry could face losses and become unsustainable," he warned.
Zhu also pointed out that the relocation of Shougang to its new steel plant in Caofeidian has brought increased pressure from debt repayment and depreciation, raising operational risks. Additionally, the company is still in the early stages of transforming its product structure, with resource integration and independent innovation capabilities still in the development phase. According to global steel industry benchmarks, such as market dominance and competition threats, Shougang is not yet in a leading position. Therefore, it is essential to clearly define the company's strategic direction and target for future growth.
To address these challenges, Zhu outlined a plan for the upcoming new steel mill, emphasizing enhanced market forecasting, strict investment control, and diversified cooperation strategies. Starting next year, the company will introduce advanced capabilities and quality models to support its long-term development goals. The strategy includes three key steps: achieving first place in the domestic steel industry, enhancing overall economic strength by 2010, and becoming a global large-scale enterprise group by the year O&M, with a goal of entering the world’s top 500 companies.
In related news, the main construction of Shougang Jingtang Iron and Steel Plant, the core project of Shougang’s new base in Caofeidian, has been largely completed. The first phase of the project is now in the preparation stage for production, originally scheduled for October 18th but now postponed to be launched within the year.
Launched in 2007, Caofeidian represents the highlight of Shougang’s relocation from Beijing. Once fully operational, it will become the largest steel production base in the country. By the end of 2008, the plant is expected to produce 4.85 million tons of steel annually, increasing to 9.7 million tons by 2010.
Meanwhile, the eight square kilometers of land freed up by the relocation of the steel industry in Beijing will be developed into creative industry parks, a special steel “Green Energy Port,†and other projects. This will accelerate the growth of Shougang’s non-steel industries, promoting the concept of “one industry, multiple developments†and fostering sustainable growth in Beijing.
Leg fitness equipment includes but is not limited to the following:
1. Leg Stretching Machine: This is a type of strength equipment mainly used to exercise the quadriceps and rectus abdominis muscles. one
2. One character horse trainer: used for stretching leg fitness ligaments, suitable for practicing splits and splits. two
3. Fitness elastic ring: used for deep squatting to slim down legs, providing resistance to help exercise leg muscles.
4. Mini stepper: Aerobic exercise equipment suitable for home use and helpful for leg exercises.
5. Sit up assist device: combined with leg tension rope, used for abdominal and fitness equipment.
6. Circular massager: used to clear meridians, relax leg muscles, suitable for yoga and fitness.
7. Stretching board: used for calf stretching, standing fitness and leg compression auxiliary equipment.
8. Kegel Trainer: Used for slimming and beautifying legs, suitable for postpartum repair and pelvic floor muscle training.
9. foam axis roller: used for thin leg fitness and muscle trainer.
10. Circular leg clamp roller: used for slimming and fitness equipment, suitable for home use.
In addition, there are some other types of leg fitness equipment, such as leg massagers, one legged horse trainers, squat trainers, etc., each with its own characteristics and suitable for different exercise needs and scenarios. For example, the inline trainer is particularly suitable for practitioners who need to stretch and strengthen their leg ligaments, while the squat trainer is more suitable for users who need to comprehensively exercise their legs and hips.
Leg press trainer,Seated leg curl &Extension exercise,Plate Loaded Squat,Treadmill
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