Shandong Province-based Chinese steel producer Qingdao Iron and Steel Co., Ltd (Qingdao Steel) has announced that it plans to relocate its facilities to Jiaonan, Shandong during China's 12th five-year plan period (2011-2015).
Qingdao Steel, established in 1958, has been focusing in particular on the development of high value-added steel products. The welded steel products produced by Qingdao Steel hold the highest market share in China.