On January 27, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group Co. (Hebei Steel Group) has announced that it has formally joined World Auto Steel as of the start of 2016. In addition, the Chinese steel producer stated that its auto steel output would exceed 3.40 million mt in 2016.
World Auto Steel is the automotive group of the World Steel Association, whose members’ auto steel products accounts for a share of more than 80 percent of the global auto steel market.