Historical Evolution
In May 1956, Chairman Mao met with Zhou Xiaozhou, the then First Party Secretary of CPC Hunan Provincial Committee, and instructed, "How can we develop industry without a strong heavy industry base? Hunan must establish its own steel industry."
The first CPC Congress of Hunan Steel was grandly convened in Changsha from June 29 to July 1. The congress set the development vision and primary goals for the next five years: to uphold the great banner, strengthen Party leadership, build two-engine, dual-drive, and six-pronged modernization structure, and build a world-leading steel player.
●Hunan Steel, in collaboration with Hunan Mobile and Huawei, has globally launched the first application of the Pangu model in the steel industry.
●Hunan Steel integrates Hunan Valin Resources Trading Company, Hunan Valin E-commerce Company, Logistics Company and Hunan Machinery & Equipment Import and Export Co., Ltd, to establish Hunan International Trading Group Co., Ltd.
●Hunan Steel has secured its position on the Fortune Global 500 list for the fourth consecutive year (2022-2025).
●Hunan Steel Research Institute of Technology was unveiled.
Hunan Valin Iron & Steel Group Co., Ltd has been renamed Hunan Iron & Steel Group Co., Ltd.
Hunan Steel has been in the list of Fortune Global 500 for the first time.
●In 2019, Valin Group embarked on the implementation of the "Three-Year High-Quality Development Plan." By 2021, Valin Group delivered an operating income of 219.7 billion yuan and a profit of 14.96 billion yuan, with key value-added grades representing 55% of the total production.
●On June 24, 2021, Hunan Valin Cable Co., Ltd. was listed on the main board of the Shenzhen Stock Exchange. Then there are 2 listed companies under Hunan Steel Group.
●In 2017, Valin Group initiated and implemented the "Three-Year Revitalization Plan."
●By 2018, the "Three-Year Revitalization Plan" was completed ahead of schedule, with the operating revenue increasing from 100 billion yuan to 130 billion yuan, and profits rising from 5.4 billion yuan to 8.4 billion yuan.
On June 15, 2014, Valin ArcelorMittal Automotive Steel Co., Ltd (VAMA) had the SOP ceremony in Loudi.
On December 26, 2009, Yangchun New Steel had SOP ceremony of iron-making system, marking the transition of Yangchun New Steel from the construction phase into the stage of production and operation.
At the decision of CPC Hunan Provincial Committee and Provincial Government, Xiangtan Steel, Lianyuan Steel, and Hengyang Steel were consolidated to Hunan Valin Iron & Steel Group Co., Ltd.
Valin Group consolidated high-quality steel assets and established Hunan Valin Steel Tube & Wire Co., Ltd, which was listed on the Shenzhen Stock Exchange. In 2008, the company was renamed Hunan Valin Steel Co., Ltd. (Stock Abbreviation: Valin Steel; Stock Code: 000932).
Xiang Steel was established, with the Ministry of Metallurgy approving the name "Hunan Steel Plant." In August, the Ministry of Metallurgy approved the renaming of Hunan Steel Plant to Xiangtan Iron and Steel Company.
The first Blast Furnace at Lianyuan Steel was built, producing the first furnace of hot metal in Hunan Province, marking the end of the era without steel industry in Hunan.
●Hengyang Steel Factory broke ground.
●Subsequently, Hengyang Iron-making Plant and Hengyang Seamless Steel Tube Plant were merged into it.