What level does Hunan Valin Group belong to?

Valin Iron and Steel Group is one of the top ten iron and steel enterprises in China. Valin Group 1997 was jointly established by three major steel mills, namely, Xianggang, Lian Gang and Henggang. After more than ten years of rapid development, Valin Group ranks among the top ten iron and steel enterprises in China.

In the case of overcapacity in the domestic steel market and the continuous weakness of the industry since 2008, this old steel enterprise has struggled for many years. According to the data, in 20 10, Valin steel lost 2.644 billion yuan.

Brief introduction of Hunan valin iron and steel group

Hunan Valin Iron and Steel Group Co., Ltd. is a large enterprise group jointly established by three major iron and steel enterprises in Hunan Province at the end of 1997.

Valin Group's crude steel production capacity is more than 20 million tons, and its main technical equipment and production technology have reached the advanced level at home and even in the world. The products cover more than 7,000 series of products in 10 category, such as wide and thick plates, cold-rolled sheets, seamless steel pipes and wires.

It has a number of wholly-owned and holding subsidiaries such as Valin Iron and Steel Co., Ltd., Xiangtan Iron and Steel Group Co., Ltd., Lianyuan Iron and Steel Group Co., Ltd. and Hengyang Steel Pipe Group Co., Ltd., with total assets exceeding 654.38+30 million yuan. Valin Group is the first enterprise in Hunan with annual sales revenue exceeding 654.38+0.00 billion yuan and 654.38+0.50 billion yuan.

In 2020, Valin Group achieved a total operating income of 654.38+0.52 billion yuan and a total profit of 654.38+0.02 billion yuan, ranking ninth in China's iron and steel industry and third in profit.