Rizhao Steel is majority-owned by the Shandong Iron & Steel Group and is the second-largest steel producer in Shandong Province, China. It is also the largest steel producer in Shandong province, with a capacity of 3.2 million metric tons per annum (MTPA), and has annual revenues of RMB 1 billion. Its annual steel output is approximately 4 million MTPA, making it one of the top ten producers in China. The company’s facilities are located at the Head End of Lianyang Steel (Lianyang Steel Group), located in Lianyungang City. Its main facility is located at its own Head End Port at Nantong City.
- Rizhao Steel established
Rizhao Steel was founded in 2003 and is the second-largest steel production base in Shandong Province. It has direct access to the Bohai Sea and serves as an important port for exporting steel products. The city is also not far from the Bohai Economic Rim, which allows it to be a major transport hub for other industrial cities in China and a fast-growing seaport. Du Shuanghua, the owner of Rizhao Steel, established his steel business with a production output of 120,000 MTPA. He has been listed as the richest person in Shandong Province and one of the richest people in China.
- Rizhao Steel operates rich Steel
Rich Steel is a joint venture between Rizhao Steel and the Lianyungang Group. The group is led by Du Shuanghua and has a total of seven affiliated companies, including Rizeh Iron & Steel (which is the parent company of Rizhao Steel), Nantong Iron & Steel, Wuhu Iron & Steel, Hai’an Iron & Steel, Zibo Iron & Steel and Lianyungang Deepwater Port. The company’s main production base is in Lianyungang City, located in northeastern China’s Shandong Province.
Du Shuanghua is a prominent businessman in Shandong Province, China. He has also been listed as one of the richest people in China and one of the richest people in Shandong Province. He established his steel production company with a production capacity of 120,000 MTPA. Rizhao Steel is the second-largest steel producer in Shandong Province, which allows it to be an important port for exporting steel products.