BSU: In the first half of the year, rare earth steel new materials reached 1.0171 million tons, setting a new high for the same period

BSU revealed during an investor relations event that in 2024, the company will rely on the key laboratory for rare earth steel product research and development in the autonomous region to form 67 varieties and nearly 300 grades of new rare earth steel materials, with a production volume of rare earth steel reaching 1.5 million tons, setting a new historical record. In the first half of the year, the new rare earth steel materials completed 1.0171 million tons, achieving a new high for the same period. In the next three years, the company will focus on enhancing rare earth steel technology, developing low-carbon hydrogen metallurgy technology, and researching high-efficiency green rare earth steel technology with corrosion resistance. At the same time, the company will continue to increase R&D investment, lead industrial innovation through technological innovation, actively cultivate and develop new quality productive forces, and enhance the company's differentiated competitiveness to provide good returns to investors