Rizhao Section Steel is now a wholly-owned subsidiary of Rizhao Steel Holding Group, with the latter increasing its equity stake from 70% to 100%.
Established in 2003 with a registered capital of RMB 100 million, Rizhao Section Steel specializes in producing bars, medium steel plates, and sections.
Rizhao Steel Holding Group, also founded in 2003, boasts an annual production capacity of 18 million metric tons and focuses on high-quality thin steel strips.
This restructuring aims to enhance resource integration, management efficiency, and market competitiveness, supporting the group's high-quality development goals.