Zhejiang Province-based Chinese steelmaker Hangzhou Iron and Steel Co. (Hangzhou Steel) has announced that its controlling shareholder Hangzhou Iron and Steel Group has completed overall restructuring and become a state-owned limited liability company. In addition, Hangzhou Iron and Steel Group’s registered capital has been increased from RMB 1.2082 billion ($0.18 billion) to RMB 5.0 billion ($0.76 billion).