The Assets Supervision and Administration Commission in the northern Chinese city of Tianjin is considering a merger of the four state-owned steel corporations in Tianjin into a single steel group with an overall annual production capacity of 20 million mt.
The planned group has been initially named as "Tianjin Steel Group Co." or "Tianjin Bohai Steel Group", with the four state-owned steel corporations in question being Tiantie Group, Tianjin Tiangang Steel Group, Tianjin Pipe (Group) Corporation and Tianjin Metallurgy Group Co. Ltd.
Of these four corporations, Tiantie Group is the biggest with a capacity of 10 million mt, mainly of hot rolled coil, medium plate, rebar, wire rod and cold rolled products. Tianjin Pipe (Group) Corporation, which produces seamless pipes, has strong profits with an annual capacity of 3 million mt. Tianjin Metallurgy Group Co. Ltd also has an annual capacity of 3 million mt, while Tianjin Tiangang Steel Group, a producer of medium plate and rods, has a capacity of 6.5 million mt per year.