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 fo ...

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 ...

) 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 st ...

(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 (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 ...

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 Exch ...

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 Ste ...

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, and ...

Province. The company had an indirectly listed subsidiary,

, which was known as Hebei Iron and Steel Company until June 2016. Se
history of Hesteel Group (Hebei Iron and Steel)
since 1918.

Subsidiaries

(100%) *

Shijiazhuang Iron and Steel Shijiazhuang (; ; Mandarin: ), formerly known as Shimen and romanized as Shihkiachwang, is the capital and most populous city of China’s North China's Hebei Province. Administratively a prefecture-level city, it is about southwest of Beijin ...

(100%) *

(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 w ...

(''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. In ...

Wuyang Steel Wuyang may refer to Chinese places: *Wuyang County, in Henan, China *Wuyang New Town, in Guangzhou, Guangdong, China Towns and townships * Wuyang, Suining (武阳镇), a town of Suining County, Hunan province. *Wuyang, Zhang County (武阳镇), ...

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'') are ...

* 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 Guomao may refer to: * Guomao, Beijing Guomao () is an area in Beijing at the center of the Beijing central business district, demarcated by the intersection of Jianguomen Outer Street and the Third Ring Road. The Chinese World Trade Cent ...

* 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