Business Model & Investment - Nucor, a steel giant, invested $51 million in Tesla's Megapack to avoid demand charges [1] - The investment allows Nucor to essentially "buy out" high demand charges for decades to come [1] - Tesla Energy's business model involves using Megapack as a "power reservoir" to reduce electricity costs [1] Operational Efficiency - Modern steelmaking uses "electric arc furnaces" which consume large amounts of electricity intermittently [1] - This intermittent high electricity demand leads to "demand charges" from the power grid [1] - Megapack stores electricity when it's cheap and releases it when the electric arc furnace needs it, reducing demand charges [1]

Core Viewpoint - Maanshan Iron & Steel Company Limited has announced the appointment of Ms. Zeng Xiangfei as an independent non-executive director, confirming her independence according to listing rules [1][2]. Group 1: Appointment Details - Ms. Zeng has confirmed her compliance with the independence guidelines outlined in Listing Rule 3.13 [1]. - At the time of her appointment, there were no factors that could affect her independence [1]. - She does not hold any financial or other interests in the company or its subsidiaries, nor does she have any connections with core related parties of the company [1]. Group 2: Board Composition - The current board of directors includes executive directors Jiang Yuxiang, Mao Zhanhong, and Zhang Wenyang, as well as independent non-executive directors Guan Bingchun, He Anrui, Qiu Shengtang, and Zeng Xiangfei [3].