Shandong Iron and Steel Group Co., Ltd. was founded in September 2016 and is based in Jinghai County, Tianjin, China. The company is a large-scale producer of iron, steel, and other metals that is the largest in China, the worlds second-largest economy. The company primarily produces various grades of stainless steel, including not only high-grade steel for applications such as aircraft, vessels, and tanks, but low-grade sheet steel for automobiles, construction, and other consumer products. The company is also involved in the production of a variety of specialty products such as galvanized steel, cold rolled steel, and steel coated with zinc or aluminum. The company manufactures products in a variety of shapes, sizes, colors and shapes including steel rings, sheets, bars, rods and tubes, as well as wire and cable.
The company produces its products through two primary categories: hot-rolled steel and cold-rolled steel, each of which is produced at different facilities. The company operates a series of integrated steel works across China which includes not only hot-rolling mills, but also refining and chemical processing, as well as ancillary operations such as utilities and maintenance. The Groups hot rolling mills generally produce steel plates and slabs, steel bars, and wire rods and other hot-rolled products. Its cold-rolling mills produce cold-rolled steel and finished products such as steel sheets, strips, wires, and other specialty products. The groups operations also include chemical and other processing facilities, including coating, paint and galvalume, zinc-oxide production, and electrogalvanizing.
The group is a leading producer of steel in China, with 25 million tons of production capacity per year. The company is listed on the Shanghai Stock Exchange, the Shenzhen Stock Exchange, and the Hong Kong Stock Exchange, with a market capitalization of USD 60 billion. The Group is known for its technological innovation and research and development, such as its high-efficiency light-weight steel production process, and its bi-lifting processes for heavy-gauge steel plates and coils. The company is focusing on developing an environmentally friendly production process for carbon dioxide emissions as well as reducing total energy usage. The Group has also announced plans to expand its operations to include production of photovoltaic modules. As part of its growth strategy, the Group is focused on increasing its sales and market share in other domestic markets as well as entering the global markets through strategic partnerships. The Group is investing in high-end steel and specialty steel products, such as superalloys, non-ferrous metals, advanced engineering and automotive materials, to position itself as a leader in global steel markets.
