Seeking new casting price method of spheroidization. The cost of spheroidization is greatly reduced and the temperature of molten iron is raised. If this method is popularized in foundry industry, the economic benefits will be considerable. After more than half a century of efforts, has developed into an important high quality plate production base in China and the core enterprise of Hebei Iron and Steel Group. In 2007, Handan Iron & Steel Technology Center was successfully upgraded to a technical center. In 2010, Handang was awarded as an innovative enterprise in Hebei Province, and in 2011, Handang was awarded as an innovative enterprise by the Ministry of Science and Technology. In the 1990s, Hangzhou Iron and Steel Co., Ltd. entered the market actively, through the implementation and deepening of simulated market accounting, the implementation of cost veto management mechanism, created the experience of Hangzhou Iron and Steel, known as the red flag of the industrial front. Since entering the new century, Handan has promoted the transformation and upgrading of traditional industries with high technology and advanced applicable technology. A thin slab continuous casting and rolling production line with an annual output of 2.5 million tons, a hot rolling thin slab pickling and galvanizing production line in China, a cold rolling thin slab production line with an annual output of 1.3 million tons and a large number of large-scale modern equipment with international level as the new district have been built and put into operation successively. With a qualitative leap in its overall competitiveness, the foundry industry has realized the transformation from ordinary building materials to high-quality plates in its product structure. Its comprehensive production capacity has reached 10 million tons in national economic fields such as vehicles, home appliances, construction, shipbuilding, aviation, machinery manufacturing and petrochemical industry. It has been successfully applied in key projects such as the new site of CCTV, Beijing Olympic Stadium, transportation hub construction of Shanghai and Beijing-Shanghai high-speed railway, and exported to Europe, America and other regions.