Non-steel Sector

Leveraging on the scale and resource of the second largest steel enterprise of the world, Hesteel actively contributes to the synergetic development of Beijing, Tianjin and Hebei. Centered on the expansion of industrial chain and added value, Hesteel takes the opportunity of digesting non-Beijing functionality, to vitalize stock assets and develop new energy, new material and other strategic emerging business for competition advantages in a broader and deeper industrial chain. In short term, Hesteel is to build the non-steel sector as a digestive channel for employment of redundant steel sector,in the mid term, serve for the profit growth of the steel sector, and in the long term, become a strategic support for Hesteel’s mission of forging the most competitive steel enterprise and integrated industrial conglomerate.                        

Main channel; profit growth; strategic support.

Non-steel sector is becoming a main channel of reducing added cost of steelmaking and retaining the advancement of steel sector, as well as for profit growth and strategic support of building Hesteel into the most competitive and integrated enterprise.

Outlook

We focus on the expansion of mining resources, modern logistics, equipment manufacturing, steel trade, processing, resource utilization, technology, medical health, social service among other business sectors. In 2018, non-steel sector is projected to realize 50,000 stable employments compensating for its pertinent manpower cost. In 2020, the sales revenue of the non-steel sector is set to account 20%, and profit 35%.

Subsidiaries

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