ANSTEEL(SZ:000898)2023-07-03 09:18Group 1: Capital Expenditure and Investment - The company plans to invest RMB 3.709 billion in fixed assets and external investments, primarily funded by self-owned funds, with bank loans and bond issuance as supplementary sources [1] - The capital expenditure will focus on technological transformation, information technology upgrades, and equipment maintenance [1] Group 2: Export Performance - In May 2023, China's steel exports increased by 7.7% year-on-year, with a cumulative export volume from January to May reaching a significant growth [1] - The export value of steel products rose by 15.1% year-on-year, indicating a positive trend in steel exports [1] Group 3: Product Development and Procurement - The company has a total production capacity of approximately 1.1 million tons for both non-oriented and oriented silicon steel, primarily used in the electric vehicle, home appliance, and electrical industries [1] - The procurement of iron ore is primarily from Angang Group and imported sources, with a slight preference for domestic iron ore [1] Group 4: Pricing and Market Strategy - The pricing of iron ore purchased from Angang Group is based on the average price of the Platts 62% index, with a 3% discount applied [2] - The company will adjust its sales strategy in response to domestic and international market demand [1]