From Surf Wiki (app.surf) — the open knowledge base

Hesteel Group

Chinese iron and steel manufacturing conglomerate

Field	Value
name	Hesteel Group
河北钢铁集团有限公司
logo	HBIS.png
type	State-owned enterprise
foundation
hq_location	385 Sports South Avenue
hq_location_city	Shijiazhuang, Hebei
hq_location_country	China
area_served	China, Serbia
industry	Iron and Steel
revenue
revenue_year	2015
operating_income
income_year	2015
net_income
net_income_year	2015
assets
assets_year	2015
equity
equity_year	2015
parent	State-owned Assets Supervision and Administration Commission of the Government of Hebei Province
owner
subsid	see list
homepage	hbisco.com
footnotes	in a consolidated basis

河北钢铁集团有限公司 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 Group is the fifth-largest steel producer in the world measured by crude steel output (after European-Indian conglomerate ArcelorMittal) in 2023, according to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association). After the announcement of the merger of Baosteel Group and Wuhan Iron and Steel Corporation (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 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, Hesteel Company, which is controlled by the direct subsidiaries Hansteel Group and Tangsteel Group 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 Province.

The company had an indirectly listed subsidiary, Hesteel Company, which was known as Hebei Iron and Steel Company until June 2016.

See history of Hesteel Group (Hebei Iron and Steel) since 1918.

Subsidiaries

Tangsteel Group (100%)
Hansteel Group (100%)
Shijiazhuang Iron and Steel (100%)
Hesteel Company (60.32%, )
Hesteel Serbia (Železara Smederevo)
Chengsteel in Chengde
Xuansteel
Wugang Steel
Hengshui Thin Steel
Jingtang
Hesteel Group Mining
Guomao Company
Caida Securities
Palabora Mining Company Ltd

References

(29 April 2016). "2015 Annual Report". Hesteel Group.
link. (26 January 2016). Hebei Iron and Steel Company
"World Steel Association - Top steel-producing companies".
link. (1 July 2008). Tangshan Iron and Steel Company
link. (13 June 2016). Hesteel Company
Megan Van Wyngaardt. (11 May 2017). "Hesteel Group acquires Palabora Mining Company's Holding Company". Mining Weekly.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-based-in-hebei companies-owned-by-provincial-governments-of-china steel-companies-of-china chinese-companies-established-in-2008 companies-based-in-shijiazhuang 2008-establishments-in-china

Want to explore this topic further?

Ask Mako anything about Hesteel Group — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report