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Why CITIC Group sells Qingdao Special Steel?
It is to support Qingdao Special Steel's smooth product upgrading and transformation, enhance the company's core competitiveness, and base itself on Qingdao, thus selling Qingdao Special Steel. Qingdao Special Steel Co., Ltd. (hereinafter referred to as Qingdao Special Steel) is located in dongjiakou Lingang Industrial Zone, West Coast Economic New Zone, Qingdao, Shandong Province, covering an area of 9,297 mu. Qingdao Special Steel is close to the 400,000-ton ore wharf of dongjiakou Port, with convenient transportation and fast logistics.
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