Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its
pinyin
Hanyu Pinyin (), often shortened to just pinyin, is the official romanization system for Standard Mandarin Chinese in China, and to some extent, in Singapore and Malaysia. It is often used to teach Mandarin, normally written in Chinese for ...
shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 ().
Hesteel Group is the
second-largest steel producer in the world measured by crude steel output (after European-Indian conglomerate
ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second larg ...
) in 2015, according to the
World Steel Association
World Steel Association, often abbreviated as worldsteel, is the international trade body for the iron and steel industry. The association is one of the largest and most dynamic industry associations in the world, with members in every major stee ...
(Chinese companies data was provided by
China Iron and Steel Association
China Iron and Steel Association (CISA, ) is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China’s steel enterprises, institutions, societies and ...
). After the announcement of the merger of
Baosteel Group
China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. The company was formed by Baosteel Group absorbing its smaller state-owned pe ...
and
Wuhan Iron and Steel Corporation
Wuhan Iron and Steel Corporation (WISCO) is a Chinese state-owned enterprise. It started to operate in 1958 in Qingshan, Wuhan, Hubei, China.
It was administrated by State-owned Assets Supervision and Administration Commission of the State C ...
(WISCO) in September 2016, Baowu Steel Group's pro forma production volume in 2015 would be the second in the world, exceeding Hesteel Group. However, Hesteel Group, Baosteel Group and WISCO all announced the cut in production capacity, in response to the market demand and government policy, thus the final ranking could not be predicted.
By net assets, Baosteel Group's
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
was already exceeding the net assets of Hesteel Group as of 31 December 2015.
Hesteel Group had a
second-tier subsidiary listed at the
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
,
Hesteel Company
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 ().
Hesteel Gr ...
, which is controlled by the direct subsidiaries
Hansteel Group
Handan Iron and Steel Group or Hansteel is a state-owned iron and steel enterprise engaging in the manufacturing, processing, and sale of black metal, billet, steel rolling, carbamide, sintering mineral, metallurgical machinery parts, and coke. ...
and
Tangsteel Group
Tangshan Iron and Steel Group Company Limited, or Tangsteel, founded in 1943 and headquartered in Tangshan, Hebei, is one of the largest steel manufacturing state-owned enterprise in China. Its subsidiary and listed company, Tangshan Iron and ...
of Hesteel Group.
History
Hebei Iron and Steel Group Co., Ltd. was established on 30 June 2008 by the merger of
Tangshan Iron and Steel Group and
Handan Iron and Steel Group of
Hebei
Hebei or , (; alternately Hopeh) is a northern province of China. Hebei is China's sixth most populous province, with over 75 million people. Shijiazhuang is the capital city. The province is 96% Han Chinese, 3% Manchu, 0.8% Hui, an ...
Province.
The company had an indirectly listed subsidiary,
Hesteel Company
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 ().
Hesteel Gr ...
, which was known as Hebei Iron and Steel Company until June 2016.
Se
history of Hesteel Group (Hebei Iron and Steel)since 1918.
Subsidiaries
*
Tangsteel Group
Tangshan Iron and Steel Group Company Limited, or Tangsteel, founded in 1943 and headquartered in Tangshan, Hebei, is one of the largest steel manufacturing state-owned enterprise in China. Its subsidiary and listed company, Tangshan Iron and ...
(100%)
*
Hansteel Group
Handan Iron and Steel Group or Hansteel is a state-owned iron and steel enterprise engaging in the manufacturing, processing, and sale of black metal, billet, steel rolling, carbamide, sintering mineral, metallurgical machinery parts, and coke. ...
(100%)
*
Shijiazhuang Iron and Steel (100%)
*
Hesteel Company
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 ().
Hesteel Gr ...
(60.32%, )
*
Hesteel Serbia
The HBIS GROUP Serbia Iron & Steel, commonly known as the Hesteel Serbia ( Serbian: Хестил Србија / Hestil Srbija) or Železara Smederevo ( sr-Cyrl, Железара Смедерево), is a Serbian steel manufacturing conglomerate ...
(''Železara Smederevo'')
*
Chengsteel in Chengde
*
Xuansteel
Xuanhua Steel Group Co., Ltd.() or Xuansteel is a state-owned iron and steel enterprise located in Xuanhua District, Hebei Province, China, which is mainly engaged in Steel business. In 2006, the company incoperated into the Tangsteel Group.
I ...
*
Wuyang Steel Wuyang may refer to Chinese places:
*Wuyang County
Wuyang County () is a county in the central part of Henan province, China. It is both the westernmost and southernmost county-level division of the prefecture-level city
A prefecture-level ...
*
Hengshui Thin Steel
Hengshui () is a prefecture-level city in southern Hebei province, People's Republic of China, bordering Shandong to the southeast. At the 2010 census its population was 4,340,373 inhabitants whom 522,147 lived in the built-up (''or metro'') ar ...
*
Jingtang
*
Hesteel Group Mining
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 ().
Hesteel Gr ...
*
Guomao Company
*
Caida Securities
*
Palabora Mining Company Ltd
References
External links
*
Official website of Hesteel Company
{{Steel companies of the People's Republic of China
Companies based in Hebei
Companies owned by the provincial government of China
Steel companies of China
Chinese companies established in 2008
Companies based in Shijiazhuang
2008 establishments in China