Delong Steel
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| Company type | Private |
|---|---|
| SSE: 000593 | |
| Industry | steel |
| Founded | 1992 |
| Headquarters | , |
Area served | East and Southeast Asia, Europe |
Key people | Ding Liguo (CEO) |
| Revenue | US$33.5 billion (2023) |
Number of employees | 46,403 (2023) |
| Website | delongsteel |
| Delong Steel | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 德龍鋼鐵有限公司 | ||||||||
| Simplified Chinese | 德龙钢铁有限公司 | ||||||||
| Literal meaning | Benevolent Dragon Steel | ||||||||
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The Shanghai Delong Steel Group Co., Ltd (Chinese: 德龙钢铁, tuh-lung), known as Delong Steel, is a Chinese steel company based in Hebei province.[1]
One of the world's largest steel producers, Delong was ranked 12th in the world, producing 27.9 million tonnes of steel in 2022.[2] Forbes ranked it as the world's 451st largest company, with annual revenues of over US$33 billion.[3]
History
[edit]The company was founded in 1992 as Teamsphere Ltd., becoming Delong in 2000. Evraz acquired a minority share in 2008, which it sold to Best Decade Holdings Ltd. in 2018.[4]
One of their plants in Xingtai produces 3 million tonnes per annum.[5]
In 2020, the company opened a steel history museum in Xindu, Xingtai.[6] Delong has also opened the Delong Steel Art Park in Laoting County.
Delong produces high-quality carbon structural steel, low-alloy high-strength structural steel, hot-rolled coils, and special steel plates for pipelines.[7] In 2022 it was first listed in the Fortune Global 500 and announced plans for a plant in Zimbabwe.[8]
References
[edit]- ^ "China shares steelmaking wisdom via BRI". www.chinadaily.com.cn.
- ^ "Top Producers".
- ^ "Shanghai Delong Steel Group | 2023 Fortune Global 500". Fortune.
- ^ "Evraz selling 15% stake in Delong for US$91.7M". www.spglobal.com.
- ^ "印尼德信钢铁一期扩建项目竣工投产". 人民号. September 20, 2023.
- ^ "Steel company factory area in N China's Hebei turns into tourist attraction - People's Daily Online". en.people.cn.
- ^ Fern, Wang (August 9, 2021). "Delong Steel Co., Ltd".
- ^ "History Delong Steel historic company profile". www.steelonthenet.com.