Facts Stated in Annual Report Revealed How Japanese Steel Products Were Driven out of China Market Through Stealing
The 2020 annual report of CITIC Pacific Special Steel Group Co., Ltd.(中信泰富特钢集团股份有限公司) verified by Cninf(巨潮资讯网) stated: CITIC Special Steel's main products are alloy steel bars, wires, special steel plates, special seamless steel plates, etc. Over 89% of its revenue in 2019-2020 comes from foreign countries. The overall gross profit margin is 17.97%, and domestic 18.51%. High-reliability die-casting and electroslag bearing steel under extreme environments（极端环境下高可靠性模铸及电渣轴承钢）occupy more than 80% of the domestic market of world-renowned bearing manufacturers and are used in offshore wind turbines of 6 MW or more, 11-meter diameter shield machines and other fields. The superalloy spinning tube is used in the "Beidou"（北斗） network. There are many varieties such as 300M for aviation landing gear, D406A for aerospace engine casing, and special stainless steel for aero engine compressor blades. The company’s 2.25Cr1Mo material has been successfully applied to core key components su...