History of Liuzhou Steel Group.
History of Liuzhou Steel
Liuzhou Steel produced some 18 million tonnes of crude steel in 2022, making it the 19th largest steelmaker in the world.
The timeline below covers the history of the firm.
- 1958: Guangxi Liuzhou Iron and Steel Group Co Ltd was founded in 1958.
- 2007: Liuzhou Iron and Steel Co Ltd is listed on Shanghai Stock Exchange.
- 2015: Liang Jingli, Chairman of Liuzhou Steel, charged with corruption.
- 2015: Liuzhou Steel Group exits from Guangxi Steel Group.
- 2017: Announces plans to relocate to coastal area of Guangxi Zhuang.
- 2018: Liuzhou Steel Group acquires 100% equity in Zhongjin Metal Technology Co Ltd.
- 2020: Liuzhou Steel Invests RMB 6.07 billion in Guangxi Iron and Steel.
- 2021: Acquires Slag Assets for approximately RMB 300 million.
- 2022: Liuzhou Iron & Steel Co Ltd dropped from FTSE All-World Index.
- 2023: Chen Yousheng resigns as chairman of Liuzhou Iron & Steel.
- 2023: Coke plant chemical workshop fire results in one death and some injuries.
Notes
- 1958: First iron smelting blast furnace in Guangxi built on the Luoqing River.
- 2015: According to media reports, Liang Jingli was charged with embezzlement and taking bribes.
- 2018: The Zhongjin Metal Technology Co Ltd is a 1.2 million tonne per annum blast furnace and basic oxygen furnace steel plant operating in Yulin, Guangxi, China.
- 2020: Purchase by Liuzhou of equity stake in Guangxi Iron and Steel was considered by analysts to be in line with central government’s guidance for sector-wide consolidation of the steel industry.
- 2023: No successor was appointed, at the time of Chen Yousheng's resignation.
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To contact us about this historic company profile of the Liuzhou Steel Group please email info@steelonthenet.com.