Hunan Valin Steel Tube and Wire

Hunan Valin Steel Co.,Ltd. (Hunan Valin) is China's 10th largest steel company in terms of volume and a leading producer of a variety of steel product, headquartered in Changsha, the capital city of Hunan province.


The company has three steel making subsidiaries in Hunan province:
Valin Xiangtan Iron & Steel Co., Ltd. in Xiangtan produces about 6.5 million tons of steel products such as rebar, wire rod, round bars and heavy plates
Valin Lianyuan Iron & Steel Co., Ltd. in Loudi city produces about 6.5 million tons of steel products such as rebar, sections, hot rolled coils, cold rolled coils, hot dip galvanized coils and hot rolled narrow strips
Valin Steel Pipe Holding Co., Ltd. with plants in Hengyang and Wuxi, is specializes in production of seamless pipes. The output is approximately 1.5 million tons.


Hunan Valin Steel produced 13.55 million tons of steel products in 2010. All the above subsidiary plants are integrated steel plants with iron making, steel making, rolling and further downstream processes. The products sold to domestic and overseas markets cover a wide range of market segments. The plates are mainly used in ship building, high pressure boilers, bridge steel and high rise buildings. The seamless pipes are sold predominantly to the oil industry and high pressure boiler tubing. Valin Lianyuan Iron and Steel Co., Ltd. will be the sole supplier of Hot Rolled Coils for the 2 new JV projects VAMA and VAME.

Hunan Valin Steel is one of Hunan's largest industrial enterprises. The sales revenue is increasing each year since foundation to RMB 60.6 billion in 2010


Shareholding

The company is a Foreign Invested Joint Venture. ArcelorMittal holds 29.97% and Hunan Valin Group holds 40.01% share in the company. The rest (approximately 30%) is free float "A" shares in Shenzhen Stock Exchange, listed under code 00932. ArcelorMittal has been a partner in Hunan Valin since October 2005.