Delong Steel
Chinese steel company
From Wikipedia, the free encyclopedia
The Shanghai Delong Steel Group Co., Ltd (Chinese: 德龙钢铁, tuh-lung), known as Delong Steel, is a Chinese steel company based in Hebei province.[1]
| Delong Steel | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 德龍鋼鐵有限公司 | ||||||||
| Simplified Chinese | 德龙钢铁有限公司 | ||||||||
| Literal meaning | Benevolent Dragon Steel | ||||||||
| |||||||||
One of the world's largest steel producers, Delong was ranked 12th in the world, producing 27.9 million tonnes of steel in 2022.[2] Forbes ranked it as the world's 451st largest company, with annual revenues of over US$33 billion.[3]
History
The company was founded in 1992 as Teamsphere Ltd., becoming Delong in 2000. Evraz acquired a minority share in 2008, which it sold to Best Decade Holdings Ltd. in 2018.[4]
One of their plants in Xingtai produces 3 million tonnes per annum.[5]
In 2020, the company opened a steel history museum in Xindu, Xingtai.[6] Delong has also opened the Delong Steel Art Park in Laoting County.
Delong produces high-quality carbon structural steel, low-alloy high-strength structural steel, hot-rolled coils, and special steel plates for pipelines.[7] In 2022 it was first listed in the Fortune Global 500 and announced plans for a plant in Zimbabwe.[8]