Hunan Iron and Steel Group Co., Ltd.

Hunan Iron and Steel Group Co., Ltd. is a large enterprise group established in late 1997 through the merger of Hunan Province's three major steel enterprises: Xiangtan Iron and Steel Group Co., Ltd., Lianyuan Iron and Steel Group Co., Ltd., and Hengyang Iron and Steel Group Co., Ltd. The group's primary technical equipment and production processes have reached advanced domestic and even global standards. Its products cover 10 major categories, including wide and heavy plates, cold- and hot-rolled thin sheets, seamless steel pipes, and wire and bar products, comprising over 10,000 specifications. The group oversees several wholly-owned and majority-owned subsidiaries, including Valin Iron and Steel Co., Ltd., Xiangtan Iron and Steel Group Co., Ltd., Lianyuan Iron and Steel Group Co., Ltd., and Hengyang Steel Tube Group Co., Ltd., with total assets exceeding 200 billion CNY. Hunan Iron and Steel Group is the first enterprise in Hunan Province to achieve annual sales revenue exceeding 100 billion CNY and 200 billion CNY. Since 2022, it has consistently ranked among the Fortune Global 500. 

Hunan Iron and Steel Group holds high the great banner of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, implements the spirit of the 20th National Congress of the Communist Party of China and its subsequent plenary sessions, upholds the Party's leadership, strengthens Party building, and solidifies the enterprise's "roots" and "soul." The group comprehensively implements the new development philosophy, further deepens reform across the board, and steadfastly promotes high-quality development. In its core steel business, the group continues to strengthen lean production centered on zero-defect quality management; advance integrated R&D, sales, and production efforts based on integrated product development; and build a marketing service system supported by information technology. By focusing on high-end markets and emerging steel application sectors, the group has developed the capability to rapidly launch two to three high-end products annually in each major target market segment. Deeply rooted in the industry, it swiftly develops products tailored to customers' specific needs, driving the enterprise's rapid development through the adjustment and upgrading of product and industrial structures. The company has cultivated multiple "hidden champions" in niche markets such as shipbuilding, offshore engineering, bridges, construction machinery, automobiles, high-pressure vessels, oil and gas, home appliances, and defense. It has become a supplier to over 150 Fortune Global 500 companies, and "Hunan Steel Manufacturing" products are widely used in more than 1,000 mega-projects and key initiatives worldwide.

The international business development strategy of "bringing in high-quality resources and going global at a high level" has yielded significant results. Through a joint venture with ArcelorMittal to establish Valin ArcelorMittal Automotive Steel Co., Ltd., the company has achieved top-tier industry standards in automotive steel production technology. Its high-strength automotive steel leads the Chinese market, while its patented hot-formed Usibor® and aluminum-coated Alusi® products both maintain the top market share in China. By investing in Australia's Fortescue Group and becoming its second-largest shareholder, the company has secured a stable supply channel for iron ore resources, with annual production from its overseas iron ore equity mines exceeding 24 million metric tonnes.

The group has been focusing on ccore competencies to share development. Hunan Iron and Steel Group is committed to its core steel business, continuously innovating its business models, and accelerating the development of an "iron and steel industry chain + internet" ecosystem that integrates advanced manufacturing, trade, intelligent technology, warehousing and logistics, finance, and engineering. The group aims to build comprehensive competitiveness across the entire industrial chain and become a comprehensive service provider offering integrated steel product solutions to its customers.

The group has highlighted energy conservation and carbon reduction to building a green future. Hunan Iron and Steel Group actively implements the national "dual carbon" strategy. It has fully completed ultra-low emission retrofits, actively promotes clean production throughout the entire process, and adopts advanced energy-saving and emission-reduction processes and technologies to control pollutant emissions at the source. The group is committed to improving energy and resource utilization efficiency, with energy consumption levels reaching industry-leading standards. It consistently adheres to the philosophy of "prioritizing environmental conservation and pursuing green development," continuously increases investment in environmental remediation, and actively participates in the construction of a socially responsible ecological civilization, ensuring that its "garden factories" coexist harmoniously with the city.

Adhering to the core corporate values of "people-oriented and customer-centric," and upholding mechanisms such as "strict constraints and strong incentives," "elimination of underperformers," and "competitive selection," the company has spurred innovation, efficiency, and creativity among all employees. The project-based platform has established a primary arena where Party building and production operations are mutually integrated and reinforcing. The cohesion of the combat effectiveness of over 10,000 CPC members and more than 700 grassroots Party organizations has forged Hunan Iron and Steel's distinctive Party building brand. By focusing on the grassroots, strengthening the foundation, and improving performance, the group has created new advantages in its Party building efforts.

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Hunan Iron and Steel Group keeps the nation's overarching interests at heart, remains true to its original aspiration, and bears its mission firmly in mind. By leveraging R&D innovation, 5G applications, digital transformation, industrial and supply chains, and the dual domestic and international economic circulation to empower steel manufacturing, the group is accelerating the establishment of a new "dual-wheel, dual-drive, six-pronged" development framework and building a world-class steel enterprise. On the path toward realizing the grand blueprint of "Three Hubs and Four New Missions" strategy, the group will courageously serve as a leading force, contributing more steel-based strength to the comprehensive advancement of national rejuvenation and the great cause of national revitalization through Chinese-style modernization. 

Chinese source: hunan.gov.cn; official website of Hunan Iron and Steel Group Co., Ltd.