TISCO takes the value-added path to profits

Taiyuan Iron & Steel (Group) Co Ltd, China's largest stainless steel smelter by output, is banking on high-tech products to turn the tide amid an industry slowdown.

While the rest of the Chinese steel producers are grappling with falling prices and rising trade disputes, TISCO, with an annual production capacity of 10 million metric tons, is making waves at home and abroad with its advanced technologies.

In overseas market, the company has enjoyed success with its value-added products like high-grade pipeline steel, duplex stainless steel and hot rolled coils. These products are being increasingly used for oil pipelines, sea water desalination and LNG ship construction.