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Hunan Iron & Steel Group
The Hunan Iron & Steel Group is a large-scale enterprise co-built by Hunan Province's three major iron and steel enterprises — Xiangtan Iron & Steel Co., Ltd., Liangyuan Iron & Steel Co., Ltd., and Hengyang Valin Steel Tube Co., Ltd. — at the end of 1997. The group has played a remarkable role in the development and advancement of Hunan's iron and steel industry over the past six decades, creating a magnificent chapter in its history.
The group's main technical equipment and production processes have taken the lead nationwide and entered the advanced level worldwide. The products cover more than 7,000 kinds of specifications in 10 categories, such as wide plate, cold and hot rolled sheet, seamless steel pipe, and wire rod. It manages the Valin Iron & Steel Co., Ltd., Xiangtan Iron & Steel Co., Ltd., Lianyuan Iron & Steel Co., Ltd., Hengyang Steel Tube Group Co., Ltd., and other wholly-owned and holding subsidiaries, with the total assets reaching more than 157 billion CNY. The Hunan Iron & Steel Group is the first of its kind in Hunan Province whose annual sales revenue successively exceeded 100 billion CNY and 200 billion CNY successively.
The 2025 Fortune Global 500, a list of the world's largest corporations ranked by revenue for the 2024 fiscal year, was announced on July 29. The Hunan Iron & Steel Group, a state-owned enterprise of Hunan Province, ranked 483rd on the list with the revenue of 33.4 billion USD. The group has made the list for four consecutive years, and remains the only Hunan-based enterprise being shortlisted.
In 2024, the Hunan Iron & Steel Group achieved the revenue totaling 240 billion CNY, an increase of 1.7%. The profits were nine billion CNY, maintaining its position among the top three in the industry in terms of profitability. Meanwhile, the group has continued to drive the adjustment of its product mix toward the mid- to high-end of the value chain through technological innovation. It has developed 138 new products, launched 26 advanced and sophisticated products, and developed 18 products to replace imported ones. The sales share of its key steel products reached 65%.
Chinese sources: hunantoday; Official Website of Hunan Iron & Steel Group
The group's main technical equipment and production processes have taken the lead nationwide and entered the advanced level worldwide. The products cover more than 7,000 kinds of specifications in 10 categories, such as wide plate, cold and hot rolled sheet, seamless steel pipe, and wire rod. It manages the Valin Iron & Steel Co., Ltd., Xiangtan Iron & Steel Co., Ltd., Lianyuan Iron & Steel Co., Ltd., Hengyang Steel Tube Group Co., Ltd., and other wholly-owned and holding subsidiaries, with the total assets reaching more than 157 billion CNY. The Hunan Iron & Steel Group is the first of its kind in Hunan Province whose annual sales revenue successively exceeded 100 billion CNY and 200 billion CNY successively.
The 2025 Fortune Global 500, a list of the world's largest corporations ranked by revenue for the 2024 fiscal year, was announced on July 29. The Hunan Iron & Steel Group, a state-owned enterprise of Hunan Province, ranked 483rd on the list with the revenue of 33.4 billion USD. The group has made the list for four consecutive years, and remains the only Hunan-based enterprise being shortlisted.
In 2024, the Hunan Iron & Steel Group achieved the revenue totaling 240 billion CNY, an increase of 1.7%. The profits were nine billion CNY, maintaining its position among the top three in the industry in terms of profitability. Meanwhile, the group has continued to drive the adjustment of its product mix toward the mid- to high-end of the value chain through technological innovation. It has developed 138 new products, launched 26 advanced and sophisticated products, and developed 18 products to replace imported ones. The sales share of its key steel products reached 65%.
Chinese sources: hunantoday; Official Website of Hunan Iron & Steel Group