Achieve the sustainable development of enterprises through enhancing their technological capacity

Today, the global economy is highly integrated and the competition among steel producers is increasingly fierce. Focusing on scale expansion, adhering to the 'open-to-the-world', self-integration and self-innovation policies, and keeping up with the development of processing equipment and production technologies, Baosteel has successfully shifted its strategies from 'premium products'to 'premium products plus scale expansion', and from 'building new production lines'to 'merging and restructuring plus building new production lines'. These strategies have greatly enhanced Baosteel's comprehensive competitiveness and speeded up its sustainable development. On a new stage of development, Baosteel will choose an open mode of self-integration and self-innovation, which lays emphasis on improving its technological capacity by 'internal creation' and 'external acquisition', to develop a recycling economy. Through correctly balancing the relationship between scale expansion and environmental protection, Baosteel will constantly improve its core competitiveness, keep corporate and social development in perfect harmony, produce better steel products and create a sound environment and a better life.