6 Chinese steel enterprises merge to form Guangdong Guangqing Special Steel Group

Under the joint witness of the leaders and guests at the meeting, representatives of various enterprises jointly signed the "Joint Venture Investment Agreement" and formally established Guangdong Guangqing Special Steel Group Co., Ltd., with the company's initial registered capital of 100 million yuan. The newly established Guangqing Special Steel Group aims to solve the problem of "small, scattered and weak" in the steel industry in Qingyuan City. Relying on the green and low-carbon electric arc furnace short-process steelmaking process, focusing on the research and development and manufacturing of high-end excellent special steels, realizing the extension of the steel industry chain to the high-value-added end of the special steel industry, promoting Qingyuan's transformation from a "large steel market" to a "strong special steel city", building a low-carbon metallurgy demonstration base in Guangdong Province, becoming a Guangdong model for the transformation of new quality productivity of traditional industries and a demonstration benchmark for the "anti-in-coil" of the steel industry.

In recent years, six private steel enterprises have actively promoted ultra-low emission transformation, with a cumulative investment of nearly 1 billion yuan, with operating income of about 15 billion yuan in 2024, directly employed nearly 4,000 people in society, of which local employees account for nearly 40%. The entire industrial chain has driven more than 10,000 indirect jobs. As electric furnace short-process steelmaking enterprises, six private steel enterprises have achieved a 50% reduction in energy consumption, and solid waste emissions, waste gas emissions, carbon emissions and atmospheric pollutants emissions are reduced by 70% to 90% respectively.

This signing marks a key step in the integration of Qingyuan's steel industry. It is an important measure to actively respond to the guiding opinions of the state and provinces and cities on promoting the high-quality development of the steel industry. It is conducive to promoting the coordinated development of Qingyuan's steel enterprises, improving quality and efficiency, promoting ultra-low emission transformation and intelligent manufacturing applications of steel enterprises, supporting steel enterprises to target downstream industrial upgrading and strategic emerging industries development directions, and focusing on the development of high-quality special steel, high-end equipment special alloy steel, and core basic components steel. This time, Qingyuan State-owned Assets and several private steel enterprises have joined forces to integrate advantageous resources and form a steel enterprise group, which is of great significance to promoting the healthy development of the industry, enhancing market competitiveness, and promoting coordinated development of the regional economy.

A relevant person in charge of Desheng Group said that Desheng Group, with the principle of "guide by state-owned capital and coordination of private capital", through this mixed-ownership reform attempt, solve the problem of "small, scattered and weak" in the regional steel industry, promote the intensive development of Qingyuan steel industry, help Qingyuan steel enterprises to ensure more jobs, and continue to play the role of Qingyuan steel enterprises in employment, taxation and output value, reflecting the social responsibility of state-owned enterprises.

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