Research Express | Hesteel Group Accepts China International Capital Research; Annual Steel Production of 30 Million Tons; Green Low-Carbon and Intelligent Manufacturing Become Focus Points

On March 12, Hebei Iron & Steel Co., Ltd. (000709.SZ) conducted a targeted on-site investigation at the company’s headquarters with China International Capital Corporation (CICC). The investigation was held in person, with Wang Wendu representing the company, and CICC’s Zhang Shuwei and Wang Nuoyi participating. Both parties engaged in in-depth discussions on core topics such as the company’s business scale, industry position, green and low-carbon transformation, intelligent development, and resource security.

Investor Activity Basic Information

Business Scale and Industry Position: 30 Million Tons Annual Steel Production, Leading Vanadium-Titanium Technology

During the investigation, Hebei Iron & Steel introduced that the company was established in January 2010 through the merger of Tang Steel, Handan Iron & Steel, and Chengde Vanadium-Titanium. It is a large-scale steel enterprise. Currently, it has an annual production capacity of 30 million tons of high-quality steel, mainly based in Hebei Province. Its products include plates, bars, wires, and profiles, serving key sectors such as automotive, home appliances, railways, bridges, and construction. Notably, products like cold-rolled sheets, high-strength rebar, and pipeline steel are well-known domestically and internationally. Automotive and appliance sheets, pipeline steel, nuclear-grade steel, and high-strength seismic-resistant building materials have entered high-end markets at home and abroad.

In the vanadium-titanium field, the company’s technology is at the forefront globally, with an annual vanadium product capacity of 22,000 tons, forming a differentiated competitive advantage.

Green and Low-Carbon Transformation: CCUS Demonstration Projects Implemented, Multiple Units Selected as Benchmarks

In response to the “dual carbon” policy, the company adheres to the principles of “ecological priority and green development.” It promotes transformation by optimizing energy structure, developing high-end green products, and deploying low-carbon technologies. Currently, Tang Steel New Area, Handan Bao Steel, and Chengde Vanadium-Titanium have been recognized as the first batch of “Carbon Management System Construction Pilot Demonstration Units” in Hebei Province. Additionally, Tang Steel New Area, Handan Bao Steel, Handan Steel New Area, and Handan Steel Huafeng have been selected as “Best Energy Efficiency Benchmark Demonstration Plants” for the steel industry under the “dual carbon” initiative.

In 2025, the company released EPD reports for automotive sheets and hot-rolled rebar, completed carbon footprint calculations for multiple products, and built two 1,000-ton CCUS demonstration projects—CO₂ adsorption and steel slag carbon sequestration—at Tang Steel New Area, achieving a leap from “carbon reduction” to “value creation.”

Intelligent Upgrading: Two Factories Named National Excellent Smart Factories

Focusing on intelligent development, the company is actively promoting the “AI+” initiative, building a “large model + small model” intelligent system to enable full-process measurement, visualization, prediction, and control. Several models independently developed, such as the LF automatic smelting model, have been successfully applied on production lines. Two factories and six scenarios have been listed as national smart manufacturing demonstration projects. In 2025, Tang Steel New Area’s “Next-Generation Metallurgical Process Steel Smart Factory” and Handan Bao Steel’s “Deeply Customized Steel Smart Factory” were recognized as national excellent smart factories, significantly improving production efficiency, product quality, and innovation capabilities.

Resource Security: Iron Ore Resources of 3.48 Billion Tons, Stable Supply

Regarding resource security, the company leverages Hebei Iron & Steel Group’s resource integration capabilities, ensuring strong support for iron ore supply. Hebei Iron & Steel Group controls approximately 3.48 billion tons of domestic iron ore resources, with an annual concentrate production of 10 million tons. It also owns overseas mines with an average grade of 58%, with about 100 million tons of stockpiled resources, providing stable raw material supply for the company.

Additionally, the company disclosed plans related to exports and debt reduction. In 2026, it will utilize the group’s overseas marketing channels and green development advantages to improve export product quality and customer structure, further increasing direct supply ratios. It also aims to reduce debt and financial costs through refinancing, debt restructuring, and enhancing profitability. No major disclosures were made during this investigation.

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