Development course of Hunan Valin Iron and Steel Co., Ltd.

Hunan Hualing Iron and Steel Group Co., Ltd. (hereinafter referred to as Hualing Group) is a large enterprise group jointly established by Hunan's three major iron and steel enterprises-Xianggang, Lian Gang and Henggang at the end of 1997. As a provincial state-owned enterprise, it is authorized by the provincial SASAC. The group has more than ten subsidiaries directly or indirectly controlled by Xiangtan Iron and Steel Group Co., Ltd., Lianyuan Iron and Steel Group Co., Ltd., Hunan Hengyang Steel Pipe (Group) Co., Ltd., Hunan Valin Iron and Steel Co., Ltd., Jiangsu Xigang Group Co., Ltd., Hunan Valin Finance Co., Ltd. and Hunan Valin Information Co., Ltd. ..

Starting from reality, Valin Group takes the road of system innovation full of vigor and vitality, and builds a stable operation system of large groups linked by capital and assets. Implement a dual hierarchical management model and establish a scientific and efficient management system for parent and subsidiary companies. Relying on the capital market, steadily promote the overall listing of main business assets; Implement the international development strategy, carry out strategic cooperation with ArcelorMittal Steel Company, a fortune 500 company in the world, through equity transfer, and strive to integrate into the global steel industry and the world economic cycle.

In the unprecedented market changes in the steel industry, Valin Steel has risen rapidly, ranking among the top ten steel enterprises in China and the top 20 steel enterprises in the world. 20 1 1 year, steel output reached15.43 million tons, sales revenue reached 73.859 billion yuan, and total assets reached 85.969 billion yuan.