Hunan Valin Iron & Steel Group Co. Ltd.

Hunan Valin Iron & Steel Group Co., Ltd. (hereinafter referred to as Valin Group) is the end of 1997 three major iron and steel by the HunanEnterprise - Xiangtan Steel, Lianyuan Steel, Hengyang Steel Tube joint formation of large enterprise groups. Group under the jurisdiction of Xiangtan Iron and Steel Group Co., Ltd., Lianyuan Iron and Steel Group Co., Ltd., Hunan Hengyang Steel Tube (Group) Co., Ltd. and three other wholly-owned subsidiary of Hunan Valin Iron & Steel Co., Ltd. and other information on more than ten Valin be directly or indirectly owned subsidiary, the existing 4.5 million in staff and workers, of which 1.2 million people in various professional and technical personnel.

In the ten years of development, Valin Group from reality, take a system full of vigor and vitality of innovation, to capital assets as a link, build large groups operating system. Group to implement the dual layered business model, the parent company to establish a scientific and efficient management system; rely on capital markets, and steadily promote business assets, the incremental Zhengti listed; the implementation of the International Development Strategy, 2005 share transfer of the way through the world steel giant Mittal Steel for strategic cooperation, in 2009 in the context of the financial crisis has successfully acquired FMG17.34% stake in Australia's efforts to integrate into the global steel industry and the world economic cycle. Group by deepening the reform, innovation management, strengthen capital operation, and promote structural optimization and industrial upgrading, to achieve a sustained and coordinated by leaps and bounds. In 2009, the year finished steel 11.81 million tons, 10.64 million tons of iron, steel 11.15 million tons, sales income of 500 billion yuan and profits 2.7 billion. Total assets, sales revenue, total profit and tax of three main economic indicators for many years into the national 100 key industrial enterprises.

Valin Group will take the content based on expanded reproduction, intensive management development path, through the implementation of differentiation strategy, continue to seek industry potential, focusing on strategic adjustment of product structure, in order to digest Security - meter Company technical core, to high value-added, high-tech, alternative and terminal products imported into, concentrate on building "The Four projects, a base, nine-quality products"; vigorously promote the construction of Valin consortium to accelerate the fuel to build a large logistics and the original base Industrial Development for the Group; steady implementation of the low-cost expansion strategy, expanding the scale of strength of the Group, built up a strong international competitiveness of the modern iron and steel enterprises, and strive to scale Valin Group's steel production reached 30 million tons more sales of more than 100 billion yuan . Into the world top 500 enterprises, to accelerate the process of industrialization in Hunan Province, to promote China's iron and steel from iron and steel power to a power shift continued to make new contributions.