BSP(000761)2025-02-25 08:24Group 1: Automotive Steel Performance - In 2024, the sales volume of automotive steel reached 2.98 million tons, representing a year-on-year increase of 5.6% [1] - The direct supply ratio and sales volume from automotive steel manufacturers are on the rise [1] - The company plans to optimize product structure and aims to enhance market competitiveness in 2025 [1] Group 2: Asset Replacement and Financial Performance - The asset replacement transaction requires further verification and negotiation, with no final determination on asset scope or pricing [1] - The company is currently facing losses due to high production, costs, inventory, low demand, and prices in the steel industry [1] - Measures to reduce losses include benchmarking within production lines, cost control, and energy management [1] Group 3: Procurement Strategies - The pricing principle for iron ore procurement from Ansteel Group is based on market pricing or cost plus reasonable profit [2] - Domestic procurement outside the group is conducted through centralized purchasing and competitive bidding [2] - International procurement is managed through long-term contracts and various bidding methods, primarily handled by Bensteel International Trade [2]