1. What is the company's product structure?

About 5.5 million tons of section steel, 3.5 million tons of strip steel, 2.5 million tons of thread, the company's rolling capacity is greater than steelmaking capacity.

two。 What is the company's capital expenditure?

Mainly environmental protection investment, about 1-15 billion, including environmental protection transformation, factory image and so on. The company's capital expenditure has been basically maintained at 8-1 billion in recent years, which is mainly used to adjust the product structure and improve energy-saving equipment. At present, the company's proportion of self-power generation has reached 80%.

3. What are the plans of the company for the process of large-scale equipment for the phase-out of blast furnaces below 1000 cubic meters in 2020?

At present, the plan has not been approved. Large-scale equipment must be done, and the plan to be phased out by 2020 is relatively practical. The company plans to replace six 550m3 blast furnaces and two 500th grade blast furnaces of Special Steel into 1500-2000 cubic meters and 50t converters to 150t.

The implementation of the project is expected to take 3 years as the cycle, with an investment of about 3 billion.

It is hoped that the process of equipment replacement will not affect the actual output, and try to cover the old ones with new ones.

Large-scale equipment should also be in accordance with the requirements of reduction and replacement, and this part will be recovered through the improvement of efficiency as far as possible.

4. By 2020, Tangshan iron and steel enterprises will be integrated into less than 30, through what way?

Mergers should be the mainstream, through mergers to increase the concentration of industry. With the increase in the degree of concentration and large-scale, it may be difficult for small enterprises of one or two million tons to exist independently. There should also be many opportunities for restructuring in the process.

5. If the ultra-low emissions are up to the standard, can we not stop production throughout the year?

Do not rule out the possibility of limiting part of the case under special circumstances.

6. Does the regular production limit stop sintering frequently and have an impact on the company?

Temporary production limit response requires the purchase of sinter, resulting in an increase in cost.

7. For coke steel production capacity Prida 0.4, will coke have a new index?

At present, the company has put coke on record, but it has been unable to approve the EIA. It is not expected that there will be an increase in coke production, and there has been no new EIA in recent years. If there is a suitable opportunity, the company will consider taking over the coking enterprise, but it also hopes that there will be corresponding indicators, so that the indicators will be built together, and the effect will be better.

8. What do you think of the situation in the second half of the year?

Should not be bad, supply, demand, inventory, major links are not particularly worried about the data.

9. Is the product structure considered for further adjustment?

I hope the strip can be turned into coil. The section steel part has been basically covered, the steel sheet pile has been mass produced, and there is still room for efficiency improvement. The rebar structure needs further optimization in the future, and it is still possible at present.

10. Raw material inventory?

About 12 days, as low as a week. The company is close to the port. In terms of steel, the stock of section steel is about 30,000 to 80,000 tons, which is now on the low side.

11. Scrap ratio?

The addition amount is about 15%. The company has no plan to build an electric furnace.

twelve。 Does the company consider replacing production capacity elsewhere?

Also consider that if there is production capacity in this region, there will be opportunities in the south, southwest and other areas where the pressure on environmental protection is low and the demand for steel exceeds supply.

13. Customer structure?

No specific proportion is pursued. At present, the proportion of direct sales is about 10%.

14. The proportion of exports?

3%, about 4%, a decrease.

15. Do you want to buy billet rolled material?

Can do billet rolling, steel to material is still profitable.

16. The status of the steel sheet pile project?

This year is expected to achieve a break-even, there is no significant increase, mainly in the stage of hitting the market.

17. What about the transfer iron?

It is not certain that the main road should be the government subsidy, responsible for the formalities and approval, and the freight terminal and the last two or three kilometers may have to be borne by enterprises, but this part of the cost is not high.

18. The reason for the low cost of pig iron manufacturing?

There are many reasons, such as high labor efficiency, low equipment depreciation, low ore blending cost, low comprehensive fuel cost and so on.

19. What if ultra-low emissions do not meet the standards?

Stop.

20. What is the ultra-low emission transformation of the company?

Desulphurization can reach the standard, so can dust, and denitrification is still a little high. At the end of October, everyone will be in a hurry to get on the equipment. The second burning transformation is made by China Metallurgical Co., Ltd., and denitrification is still under debugging.

21. Environmental protection cost per ton of steel?

The discount investment is about more than 200 yuan. The operating cost is relatively low, less than 10 pieces per ton of sinter.

twenty-two。 Is Xiongan New area exciting for the company?

There is no significant stimulus right now, but the region is, and the demand will be in the future. Now there are orders for related railways and steel structures in the center of the city.

23. Which companies are targeted by the company?

Mainly for private enterprises such as Standard Delong, Jianlong and Shiheng.

24. Is there room for improvement in the efficiency of the use of funds?

This part of the company is more conservative. The funds are mainly used for dividends, capital expenditure, M & An opportunities, and part of the investment, mainly money market funds. Or more want to do things in the industry, stable and healthy.

25. Will the proportion of tradable shares increase?

I might mention it when I have a chance.

twenty-six。 Does the trend of RMB exchange rate affect the company?

It has no impact on the business, but the cash on hand is mainly in RMB.