Hangzhou Iron and Steel Group Co., Ltd.
Hangzhou Iron and Steel Group Co., Ltd (HISG) is one of the largest iron and steel producers in China. The group is based in Hangzhou city, Zhejiang province and is listed at the Shanghai Stock Exchange with a total assets of 410 billion yuan ($63 billion) in 2018.
The group was established in 1996 and its core businesses mainly include iron and steel smelting, steel product manufacturing and processing, engineering design, construction and erection, commercial trading and financial investment. With a presence in over 10 provinces across China, the company operates 26 companies and 7 total subsidiaries. The company earned around 60 billion yuan ($9.1 billion) in revenue in 2018.
HISG is the largest integrated steelmaker in China, with annual production of over 32 million tons of sinter, crude steel, pig iron and secondary material. Its steel products are used for a range of industries, including auto manufacturing, energy, construction, and consumer goods. The company has a number of joint venture companies with other industry players, including a 20 percent stake in Global Steel Holding Company, a joint venture with Ansteel Mining Corporation.
In addition to steel production, the company is involved in the development of green steel and steel-related research and development projects, as well as its involvement in low-carbon technologies. The company is focused on developing its capacity to produce higher-value-added steel products and reduce the environmental impact of its production processes. The company has also partnered with some of the world’s largest steel producers, including ArcelorMittal and ThyssenKrupp, to procure advanced technologies and processes.
HISG has also been expanding its global footprint, with investments in Australia, Malaysia, and other overseas markets. The company is also involved in several projects in China, including the construction of China’s largest steel factory in Wuhan and the construction of an international R&D center dedicated to researching new steel technologies and processes.
The company was also involved in a successful partnership with steel maker China Baowu Steel Group, which invested 12.1 billion yuan (US$1.8 billion) in HISG in 2018. This investment is expected to further strengthen HISG’s position in the global steel market, as well as its ability to compete on pricing, service and product quality.
Despite the challenges in the global steel industry, HISG remains committed to providing quality steel solutions and supporting customers in their growth and innovation. The company is dedicated to delivering world-class quality and a wide range of products and services, while meeting the needs of its partners and customers.
