The dismantling of asset projects, including parts of Shanxi Taigang Stainless Steel Co.,Ltd.'s facilities such as the precision grinding workshop of Steelmaking Plant No. 1, the pure iron cutting workshop of the section steel plant, and the building and equipment in the 20-ton electric furnace area of Steelmaking Plant No. 1, was conducted through an online bidding transaction on the Circular Treasure platform operated by Baowu E-Supply Chain, a subsidiary of Baowu E-Commerce. After multiple rounds of intense bidding, the transaction ultimately achieved an ultra-high premium rate of 401%. The success of this online auction not only highlights the significant results of Shanxi Taigang's online bidding for recyclable materials but also marks the achievement of comprehensive online sales coverage for all categories of its circular materials, including reusable steel products, by-products, solid waste, scrap materials, and asset disposals.
Since the collaboration between the Circular Treasure platform and Shanxi Taigang began in February 2021, the two parties have worked synergistically, delving deep into the disposal of recyclable materials and achieving continuously rising cooperative effectiveness. Data shows that the transaction value of Shanxi Taigang on the Circular Treasure platform has exceeded 1 billion yuan, with premiums surpassing 100 million yuan. Among these, the cumulative transaction volume for reusable steel materials reached 110,000 tons. Leveraging the resource aggregation advantages of the Circular Treasure platform, the bidding attracted high-quality buyer clients from multiple regions including Shanghai and Liaoning to participate in the competition. From January to November 2025, Shanxi Taigang achieved a platform transaction value of 73.67 million yuan, with 17,000 tons of reusable steel materials transacted.
In terms of category expansion, the cooperation has achieved a leapfrog breakthrough. Previously, for higher-value recyclable material categories such as rolls, motors, and shear blades, Shanxi Taigang often opted for internal recycling, making it difficult to maximize both benefits and efficiency. Now, these categories are being successfully auctioned online via the Circular Treasure platform, all achieving favorable results. To date, Shanxi Taigang has successfully sold 52 different varieties of recyclable materials through the Circular Treasure platform, achieving a dual breakthrough in both profitability and category diversity compared to the initial stages of cooperation.
In February 2024, following the launch of the optimization and upgrade project for Shanxi Taigang's hot continuous rolling production line, Shanxi Taigang and the Circular Treasure team boldly innovated the asset disposal model. They adopted a bundled disposal approach of "dismantling + external sale" for asset packages, fully unlocking the assets' value. During the transaction preparation phase, Shanxi Taigang's Equipment Department took the lead, jointly adjusting disposal strategies with multiple departments and meticulously formulating the disposal plan. The transaction successfully attracted 33 potential clients from 8 provinces and municipalities, including Heilongjiang, Hebei, and Jiangsu, to conduct on-site inspections. During the online bidding process, 22 high-quality clients competed on the same platform. After an intense 6-hour and 7-minute bidding war, the asset package was finally sold for a high price of 161.03 million yuan, achieving a premium rate of 134% compared to the reserve price. This not only realized substantial value appreciation for the assets but also established a replicable benchmark for the efficient disposal of scrapped assets in the steel industry through market-oriented innovative practices.
In the future, the Circular Treasure platform will continue to provide users with reliable and efficient disposal solutions for recyclable materials by leveraging its professional service system, extensive industry experience, and innovative digital platform capabilities. It aims to activate resource value through digital and intelligent power, injecting strong momentum into the high-quality development of the steel industry chain.
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