China’s major steel companies are grappling with an imminent property-market slump that threatens demand for their products and Beijing’s hesitance to provide financial and infrastructure stimulus packages similar to what helped revitalize them following the global financial crisis.
China has experienced significant educational reform over the last decade, leaving a shortfall of professional teachers. To address this shortage of staff, the government is working on raising standards at domestic schools while sending more students abroad for study.
Tianjin Tiangang Steel Group
Tian Steel, located in Tianjin’s Economic Development Zone, is one of China’s leading steel pipe manufacturers. Their products can be found across a variety of applications and sold to customers around the globe. Their over 40 subsidiary companies offer quality and competitive pricing products such as seamless steel pipe, welded steel pipe, galvanized steel pipe, stainless steel pipe sheets as well as steel sheets – an option particularly well suited for oil and gas pipeline construction projects but capable of manufacturing other kinds as well.
Shougang Iron and Steel Company Ltd was established with its own self-financing in 1979. Since its formation, it has experienced rapid expansion. Both its production capacity and technology have been regularly upgraded; their products can now be found everywhere from construction sites to machinery factories, metal mines and even transportation networks. Shougang has made significant strides toward improving its management system and expanding business, employing extensive management personnel with vast expertise in iron manufacturing processes as well as scientific research programs focusing on this sector.
The company operates as an integrated steel complex that encompasses three major production lines, five large-scale projects and six medium and small furnaces. Their main products are rolled and cast steel products as well as cold-rolled silicon sheet and hot-rolled carbon steel coil/plate with wide application both domestically and overseas; annual steel production exceeds 5 million tons!
Many steel enterprises in Beijing have been ordered to close their furnaces, raising doubts about Beijing’s ability to meet energy efficiency targets. But some remain open regardless, including Changjiang Steel in Anhui Province which received an order to shut three furnaces but its owner intends to open three replacement plants that cost more than their predecessors.
Xinyu Iron & Steel Group Corporation, or simply “Xinyu Steel”, is a large state-owned company located in Xinyu City in Jiangxi Province. Occupying an area of 28,508 mu, its major features are the China state-owned railway from Zhejiang to Jiangxi running along its north edge and highway from Shanghai to Ruili (Jiangxi Provincial Capital) running along its east boundary, as well as Yuanhe River running through its middle – both are branches of Gangjiang River which runs directly through its middle.
Shougang Group (also known as Capital Steel Plant in English) is an enormous enterprise group involved with iron and steel, comprising mining, machinery development, electronics, building, real estate services, overseas trade as well as financial information services. Their concurrent activities span mining, machinery development, electronics development, electronics building real estate services as well as overseas trade – simultaneously. Their business activities span mining, machinery equipment development electronics building real estate service industry overseas trade overseas trade manufacturing import export of iron steel products (metallurgical coke coal etc), chemical products (coal etc), other chemical mineral products as well as financial information services to its overseas partners – they even provide financial information services via financial information services!
The company offers an impressive variety of high-quality, cost-effective and eco-friendly steel products including hot-rolled, cold-rolled and galvanized. Additionally, precast concrete walls panels and wall panels made from steel-based building materials are produced as well as engineering services provided throughout its network of branches across India.
Fitch has confirmed Shougang Fund’s Long-Term Issuer Default Rating (IDR) at A- and Short-Term IDR at F1 with a Stable outlook, using Fitch’s Parent and Subsidiary Linkage Rating Criteria. These ratings reflect its highly integrated operations involving management decisions, service branding decisions and provision of critical services as well as closely aligned management responsibilities and strategic incentives that are highly linked with its parent’s business activities.
Furthermore, the company boasts significant business diversification and holds strong positions in key Chinese markets. Its diverse profile gives competitive advantages that should support growth plans within non-steel sectors; furthermore it has a solid track record in managing risks (including its debt).
Additionally, the company has taken steps to decrease carbon intensity during steelmaking by signing an MOU with Rio Tinto that provides for collaborative research, design and development of low-carbon technologies that reduce Scope 1 and 2 emissions from steelmaking process – such as blast furnace (BF) slag heat recovery technology; carbon capture utilization (CCU); as well as low carbon sintering technologies.
This company boasts strong state ties and is wholly-owned by Beijing government. As a key provider of essential public services to Beijing residents, the firm’s strong capital base and diverse business profile have contributed to strong economic performance, solid budgetary position and an appealing socio-economic profile.
Jiangsu Tianjin Steel Group
Jiangsu Tianjin Steel Group is a multi-industry group corporation with steel as its core business, as well as interests in chemicals, hotel services, real estate development and real estate investments. All products produced have received ISO9001&ISO14001 factory accreditation; additionally the company was awarded Shijiazhuang’s top 100 enterprises award 8 times consecutively between 2003-2010; realizing an annual sales revenue of Y=58.6 billion Yuan in 2010, placing 234th in China’s Top 500 rankings while ranking 8th among Hebei’s Top 10 steel companies that year.
Hebei Jingye Steel is a large iron and steel production enterprise, specializing in producing special high-strength and high-ductility rebar. Their products have applications across industries including automobile manufacturing, construction, petrochemical production and machinery production; with products exported to over 30 countries around the globe.
Established in 1958, Hebei Angang Iron and Steel Company (also known as Hesteel) is a nationally grade-one steel making complex specializing in melting, continuous casting and rolling steel products. Recognized globally as an advanced plant with annual steel output surpassing 12 million tons, Hesteel stands as a key state enterprise within China’s iron and steel industry.
This company also manufactures hot and cold rolled steel, stainless steel and engineering structural steel products, and uses them in numerous applications such as construction, automobile manufacturing, shipbuilding, machinery production and energy transportation. Their products have received certification from factories in China, Germany, Britain France Japan as well as 8 national classification societies.
Shougang Corporation has long been recognized as a premier domestic steel supplier. Their products can be found across industries such as construction, automobile manufacturing and mining – not to mention being highly acclaimed by customers worldwide for both quality and cost efficiency.
To meet the rising market demands, the company has developed and produced a variety of low-carbon steel products with excellent tensile strength, ductility and impact resistance as well as being corrosion resistant and having high degrees of machinability. These items meet or surpass all market requirements.
Dongfang Group is a state-owned enterprise engaged in manufacturing machinery production. It conducts scientific research, production, sales and service activities related to its products of briquetting equipment, crushing equipment and dryer equipment that serve various industries including metallurgy, mining, coal, building material and refractories. Of its products, its most famous one million set briquetting machine stands out.
The company provides an array of engineering and technological services. Its subsidiaries specialize in power generation, electrical machinery and electronic control equipment – such as hydropower generation, thermal, wind turbine power generating equipment, nuclear reactor and gas turbine generating capacity – while it also offers power-plant project contracting services.
Alongside its advanced manufacturing solutions, the company also provides industrial Internet platform services. These enable companies to use technology for operational efficiencies and productivity gains as well as improving the customer experience. Lastly, software-based apps have been created by this provider that help their customers manage operations more efficiently and increase productivity.
Yu launched two companies near Beijing – Xtal and Dongfang – with the hope that they would compete against foreign semiconductor giants, while taking advantage of China’s new policy on chipmaking. But soon afterwards he ran into trouble with his government; eventually being ordered out as CEO of Xtal in 2019. This decision dealt a severe blow to China’s semiconductor ambitions as Yu had fostered strong ties to Chinese Communist Party members while raising millions for his two companies, even appearing on reviewing stands during military parades commemorating China’s anniversary – something usually reserved only for elites; in addition he has received significant government funds over time.