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]

Delong Steel
Company typePrivate
SSE: 000593
Industrysteel
Founded1992; 32 years ago (1992)
Headquarters,
Area served
East and Southeast Asia, Europe
Key people
Ding Liguo (CEO)
RevenueUS$33.5 billion (2023)
Number of employees
46,403 (2023)
Websitedelongsteel.com
Delong Steel
Traditional Chinese鋼鐵有限公司
Simplified Chinese德龙钢铁有限公司
Literal meaningBenevolent Dragon Steel
Transcriptions
Standard Mandarin
Hanyu Pinyindélóng gāngtiě yǒuxiàn gōngsī
IPA[tɤ̌.lʊ̌ŋ]

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
  1. ^ "China shares steelmaking wisdom via BRI". www.chinadaily.com.cn.
  2. ^ "Top Producers".
  3. ^ "Shanghai Delong Steel Group | 2023 Fortune Global 500". Fortune.
  4. ^ "Evraz selling 15% stake in Delong for US$91.7M". www.spglobal.com.
  5. ^ "印尼德信钢铁一期扩建项目竣工投产". 人民号. September 20, 2023.
  6. ^ "Steel company factory area in N China's Hebei turns into tourist attraction - People's Daily Online". en.people.cn.
  7. ^ Fern, Wang (August 9, 2021). "Delong Steel Co., Ltd".
  8. ^ "History Delong Steel historic company profile". www.steelonthenet.com.
edit