China Oriental Group Purchases 600,000t Of Steel Capacity

- Jan 29, 2019-

China Oriental Group announced it holds 97.6% of Jinxi Steel 's 600,000t of steel capacity which were purchased from Tangshan Capacity Tranding Center at 892 million yuan in cash. Meanwhile,Jinxi Steel acquired a 29% stake of Zhengda Steel from Li Feng for 14.5 million yuan  in cash, and then it  will hold the full stake of the latter.


Zhengda Steel is mainly engaged in the production and sales of steel products and iron ore trade.After it down in 2017,it has no substantial business operation and remains inactive.


 

 

Cangzhou Steel Pipe Group (CSPG) Co., Ltd. is a large-sized, key metallurgic enterprise of Hebei Province in North China, whose history dates back to 1994. CSPG currently em/paces six member companies with products varying from SSAW, LSAW, ERW, seamless steel pipes to 3PE pipes, galvanized pipes, casing pipes, etc. A Joint-stock corporation, CSPG occupies an area of 600,000 square meters with a total asset of $530 million.



Specialized in the production of straight welded pipe spiral pipe galvanized pipe 3PE/3PP/FBE/TPEP internal and external epoxy powder internal and external epoxy resin cement mortar two cloth three oil buried pipeline IPN8710 non-toxic drinking water internal and external plastic coated lining plastic and other anti-corrosion pipe fittings for oil and gas pipeline water conservancy projects



Executive standard :DIN30670 DIN30678 CSA Z245 AFNOR nf49-710/711 NACE rp0394/0490 AWWAC 210/C213GB/T9711 API 5L ISO 3183Material: Q235B/Q355BGR A GR B x42-x80 l245-l555

 

Business scope: 21.3mm-3620mmLSAW submerged arc welded pipe 325-2020mmERW straight welded pipe 6mm-711mmSMLS seamless tube 10-1120mmSSAW spiral steel tube 219-3620mmDemand for quality suppliers and partners