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Hunan Valin announced a major company restructuring in 2016, publishing plans to shift into financial services and electricity generation due to overcapacity in the
Chinese steel market and reduced profits. To do so, the company plans to seek stakes in a number of financial and electricity companies,
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Mittal Steel agreed to a joint venture with Hunan Valin Steel in 2014 to enter the
Chinese car market. The joint venture went operational in June 2014 with an estimated annual production capacity of 1.5 million tonnes, producing various metal parts for chassis and wheels. According to a Mittal
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In 2005, Netherlands-registered Mittal Steel bought a 37.17% stake in Hunan Valin Steel Tube Wire, a subsidiary of Valin, for US$ 314m. The agreement marked the first investment by a major foreign steelmaker into an established
Chinese steel company, and was regarded as a sign of the growing
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plates, steel wires, steel rods, steel pipes, steel strips, sections, steel slabs, copper plate pipes and aluminum products, among others, which are applied in industries such as construction, light industry, automobile, bridge and shipbuilding, among others.
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In 2009, Hunan Valin Steel acquired a 16.5% stake in
Australia's third biggest iron ore producer at the time, Fortescue Metals, for US$ 771 million. Through the acquisition, Valin Steel hoped for better access to Australia's mineral resource market.
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Valin Steel distributes its products in domestic and overseas markets. As of
December 31, 2008, Valin Steel had 12 subsidiaries, involved in smelting of steel and nonferrous metal products, trading of relevant equipment, as well as financing services.
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statement, the venture would supply steel to both international and domestic
Chinese car makers, including Geely Automotive Holdings, Dongfeng Motor Group and Shanghai Auto.
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This decision caused
ArcelorMittal to transfer roughly 10% of its shares in Hunan Valin Steel, worth 1.1 billion yuan ($ 165.9 million), to the state-owned
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271:"Valin Steel Plans to Shift Into Financial Services, Power Generation Amid Industry Overcapacity - YicaiGlobal-Connecting China With the World"
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106:, a 100% stake in Xiangtan Valin Energy Saving Power Generation, as well as a 100% stake in Hunan Valin Energy Saving Power Generation.
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According to its website, Valin Steel provides wide and heavy steel plates, hot-rolled steel plates, cold-rolled steel plates,
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54:. With a market capitalization of $ 2.3 billion in May 2015, the company was ranked #1,858 on
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296:"ArcelorMittal dumps stake in Hunan Valin - Business - Chinadaily.com.cn"
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interest from foreign companies to get involved in the
Chinese market.
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products. As of 8 November 2016, the company was a constituent of
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The company was listed on the
Shenzhen Stock Exchange in 1999.
38:, manufacture and sale of iron and steel products, as well as
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244:"ArcelorMittal taps into China's booming market for growth"
320:"ArcelorMittal to sell stake in China's Hunan Valin Steel"
141:"Hunan Valin Steel on the Forbes Global 2000 List"
34:. Founded in 1997, it is primarily engaged in the
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201:"Mittal Steel buys stake in China's Hunan Valin"
670:Companies listed on the Shenzhen Stock Exchange
222:"Hunan Valin buys A$ 1.2bn stake in Fortescue"
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30:) is a Chinese state-owned company based in
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183:"ArcelorMittal dumps stake in Hunan Valin"
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457:Xinjiang Ba Yi Iron & Steel Group
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440:Wuhan Iron and Steel Company Limited
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660:Government-owned companies of China
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118:History of Hunan Valin Steel Group
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556:Panzhihua New Steel and Vanadium
487:Chongqing Iron and Steel Company
447:Wuhan Iron and Steel Corporation
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593:Shougang Concord International
546:Nanjing Iron and Steel Company
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573:Shandong Iron and Steel Group
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675:1977 establishments in China
600:Taiyuan Iron and Steel Group
588:Tonghua Iron and Steel Group
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665:Companies based in Changsha
20:Hunan Valin Steel Co., Ltd.
16:Chinese state-owned company
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468:Maanshan Iron & Steel
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655:Steel companies of China
613:Tianjin Pipe Corporation
551:Panzhihua Iron and Steel
430:Baoshan Iron & Steel
384:Steel companies of China
94:such as a 100% stake in
604:Taigang Stainless Steel
452:Shaoguan Iron and Steel
618:Tiangong International
566:Huaigang Special Steel
504:Fengbao Iron and Steel
435:Meishan Iron and Steel
104:Jixiang Life Insurance
46:(as well as sub-index
607:Linfen Iron and Steel
492:Dongbei Special Steel
300:www.chinadaily.com.cn
509:Fushun Special Steel
497:Beiman Special Steel
418:Angang Steel Company
102:, a 29.19% stake in
74:Company developments
52:SZSE Component Index
275:www.yicaiglobal.com
395:Companies of China
324:Nikkei Asia Review
96:Fortune Securities
56:Forbes Global 2000
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531:Hunan Valin Steel
482:Benxi Steel Group
425:Baowu Steel Group
111:China Reform Fund
98:, a 96% stake in
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583:Beijing Shougang
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120:since 1997.
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187:China Daily
169:Valin Steel
100:Hunan Trust
649:Categories
305:2017-05-30
280:2017-05-30
253:2017-05-30
248:Reuters UK
150:2017-03-24
124:References
63:galvanized
635:Category
519:Hansteel
36:smelting
32:Changsha
464:(51%)
165:"主要产品"
145:Forbes
58:list.
28:000932
294:孟令君.
116:See
24:SZSE
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