Baosteel(SH:600019) Ren Min Ri Bao·2025-08-12 21:52Core Viewpoint - The article highlights the achievements and innovations of Wuhan Iron and Steel Co., Ltd. (WISCO), a subsidiary of China Baowu Steel Group, emphasizing its role in advancing high-tech steel products and its commitment to green transformation in the steel industry [1][12]. Group 1: Product Innovations - WISCO has produced over 440 million tons of steel since its establishment, with more than 1,300 product varieties, including over 200 unique products [1]. - The company has successfully mass-produced 0.1mm ultra-thin non-oriented silicon steel, which enhances the efficiency of electric motors by over 20% compared to previous products [4][5]. - WISCO's high-strength, high-precision magnetic steel for hydropower generators has a flatness error of less than 1mm/m, surpassing global standards [7]. Group 2: Technological Advancements - WISCO's technological advancements include the development of ultra-wide automotive sheets, which have a market share exceeding 75%, and the production of steel rails used in nearly 100 railway lines [8]. - The company has introduced a "5G + iron-steel interface" smart control platform, improving iron water transportation efficiency by 10% and reducing temperature drops by 10 degrees Celsius [14]. Group 3: Green Transformation - WISCO aims to achieve a 40% purchase of green electricity by 2030 and has installed photovoltaic panels that contribute 45 million kWh of green electricity annually, reducing carbon emissions by 35,400 tons [13]. - The company has developed green products that reduce carbon emissions by over 50% throughout the production process, becoming highly sought after in the market [15]. Group 4: Organizational Reforms - Following the merger of Baowu and WISCO, the company has implemented internal market-oriented reforms, allowing departments to operate with profit accountability, leading to significant improvements in operational efficiency [11][17]. - The shift from focusing solely on production volume to balancing production, efficiency, and quality has resulted in previously loss-making sectors becoming profitable [17]. Group 5: Industry Context - The steel industry is currently facing challenges such as weak demand and increased environmental costs, but WISCO's innovative practices provide a model for enhancing competitiveness in a challenging market [16][18].