State-owned Assets Supervision and Administration Commission of the Government of Hebei Province
Subsidiaries
see list
Website
hbisco.com
Footnotes / references in a consolidated basis[1]
Hesteel Group Company Limited
Simplified Chinese
河钢集团有限公司
Traditional Chinese
河鋼集團有限公司
Literal meaning
He-Steel Group Limited [Liability] Company
Transcriptions
Standard Mandarin
Hanyu Pinyin
Hé gāng jítuán yǒuxiàn gōngsī
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 (Chinese: 河北钢铁集团有限公司).[2]
Hesteel Group is the second-largest steel producer in the world measured by crude steel output (after European-Indian conglomerate ArcelorMittal) in 2015, according to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association).[3] 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.
^"2015 Annual Report" (PDF). Hesteel Group. 29 April 2016. Archived from the original (PDF) on 6 October 2016. Retrieved 4 October 2016.
^关于间接控股股东更名的公告 [Announcement of name change of the indirect holding company] (PDF) (in Chinese). Hebei Iron and Steel Company. 26 January 2016.
^"World Steel Association - Top steel-producing companies". Archived from the original on 2016-07-19. Retrieved 2016-07-26.
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Global Information
CN¥284.5 billion (2015)
CN¥570.9 million (2015)