225:, SISG signed an agreement to take a 67% stake in Rizhao Iron and Steel. On September 6, 2009, Shandong Iron and Steel Group Co., Ltd. and Rizhao Steel Holding Group Co., Ltd. signed agreement on asset restructuring and cooperation, which marked the former's success in the reorganization. According to the agreement, both sides jointly reorganized the assets to the JV by means of a capital injection. SISG owns 67% stakes by cash, and Rizhao Steel holds 33% stock with net assets. Additionally, the agreement made clear the restructuring principles, means, the scope of assets, the evaluation of restructuring assets, the work processes, as well as staff placement. After signing the agreement, both sides will immediately start all evaluation works. The determined agreement between Shandong Steel and Rizhao Steel indicated both sides made substantial progress in asset reorganization and cooperation, as well as the strategy of Shandong's industry shift from the inland to coastal cities. Rizhao is founded and controlled by billionaire Du Shuanghua, who benefited from trading iron ore in Singapore.
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steel bars, steel profiles, steel billets, cold and hot rolled steel products, as well as coking products, among others. Jinan Iron & Steel was also involved in sale of dangerous chemical goods, distribution of coal gas, steel smelting technology consulting services, as well as marketing of iron ores and other ores.
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iron, 5.13 million metric tons of steel and 6.29 million metric tons of steel products. Laiwu Steel Corp distributed its products domestically and to overseas markets with eastern China as its major market. As of
December 31, 2008, Laiwu Steel Corp had eight major subsidiaries and three associates.
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Laiwu Steel
Corporation was principally engaged in the manufacture and sale of pig iron, steel billets, steel ingots, steel products, coke and granulating slag and the supply of electricity and heat. During the year of 2008, Laiwu Steel Corp produced approximately 4.69 million metric tons of pig
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The consolidation is part of a plan by the
Shandong provincial government to streamline its steel sector, one of the country's largest and most fragmented. Rizhao and Shandong Iron and Steel had previously signed a letter of intent for consolidation in early November but the deal was abandoned in
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Jinan Iron & Steel
Company Ltd. was a company principally engaged in smelting, processing and sale of steel products. Jinan Iron & Steel provided steel products, including hot rolled ribbed steel bars, hull structure steel plates, thick steel plates, wide and heavy steel plates, deformed
149:. 2015 it was ranked as 12th biggest steel producer of the world with an production of 21.7 million tonnes of steel. In 2009, it took a 67% stake in Rizhao Iron and Steel. SISG is controlled by the provincial government of
195:, said that link-ups and restructuring of the steel industry had become a global trend and the new Shandong-based steel group would play an active role in the international competitiveness of the country's steel industry.
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Under the provincial steel industry plan, the group has an annual output of 31.6 million tons. In 2007, Jinan produced 12.12 million tons of crude steel and Laiwu turned out 11.7 million tons.
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Shandong Iron and Steel has a registered capital of 10 billion yuan ($ 1.4 billion) and is fully state-owned.
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Ltd, a property investment and heat energy supply company, bought about 30 percent of the core assets in Rizhao.
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153:. SISG was formed in March 2008 when the provincial government of
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288:"How a Chinese steel billionaire outplayed Rio on iron ore"
263:"World Steel Association - Top steel-producing companies"
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46:but its sources remain unclear because it lacks
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177:The three belong to the Shandong provincial
645:Manufacturing companies established in 2008
320:Official website of Rizhao Iron & Steel
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77:Learn how and when to remove this message
157:merged two state-owned steel producers.
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145:, is a Chinese steel company based in
665:Chinese companies established in 2008
447:Xinjiang Ba Yi Iron & Steel Group
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175:Shandong Metallurgical Industry Corp.
430:Wuhan Iron and Steel Company Limited
325:History of Shandong Steel since 2008
300:from the original on 4 October 2021.
191:Luo Bingsheng, vice chairman of the
131:Shandong Iron and Steel Group Co Ltd
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655:Government-owned companies of China
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330:History of Rizhao Iron and Steel
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193:China Iron and Steel Association
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536:Nanjing Iron and Steel Company
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167:Jinan Iron and Steel Group Co
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420:Baoshan Iron & Steel
374:Steel companies of China
223:China Securities Journal
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32:This article includes a
594:Taigang Stainless Steel
442:Shaoguan Iron and Steel
243:List of steel producers
61:more precise citations.
608:Tiangong International
556:Huaigang Special Steel
494:Fengbao Iron and Steel
425:Meishan Iron and Steel
171:Laiwu Steel Group Corp
597:Linfen Iron and Steel
482:Dongbei Special Steel
141:), commonly known as
16:Chinese steel company
499:Fushun Special Steel
487:Beiman Special Steel
408:Angang Steel Company
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385:Companies of China
296:. 4 October 2021.
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34:list of references
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521:Hunan Valin Steel
472:Benxi Steel Group
415:Baowu Steel Group
231:Kai Yuan Holdings
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265:. Archived from
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67:October 2021
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53:Please help
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59:introducing
639:Categories
273:2016-07-19
249:References
625:Category
509:Hansteel
298:Archived
237:See also
155:Shandong
151:Shandong
97:Industry
161:History
135:Chinese
107:Founded
55:improve
454:(51%)
139:ε±±δΈι’ιιε’
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92:ε±±δΈι’ιιε’
208:Laiwu
199:Jinan
147:Jinan
123:China
119:Jinan
40:, or
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