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Development History


The19th century

In 1890, Zhang Zhidong, Governor-general of Hu-Guang in the late Qing Dynasty founded Hanyeping Coal & Iron Factory and Mine Co., Ltd, which was known as “Cradle of China’s Iron & Steel” (Later called Daye Special Steel Co., Ltd).


The 20th century

In 1913, Hanyeping Company formally prepared to build a new Daye plant at the first general meeting of shareholders.

 

In 1948, “Hanyeping Company” was renamed as “Central China Iron & Steel Company”.

 

In 1953, “Central China Iron & Steel Company” was renamed as “Daye Steel Plant”.

 

In 1972, Jiangyin County Steel Works was founded.

 

In 1993, the joint venture, Jiangyin Xingcheng Special Steel Works Co., Ltd, which is invested and controlled by Hong Kong CITIC Pacific, was established.

 

In 1997, Daye Special Steel Co., Ltd. was listed on Shenzhen Stock Exchange.


The 21th century

In 2004, CITIC Pacific acquired Daye Steel Works, held shares of Daye Special Steel Co., Ltd through Hubei Xinyegang Steel Co., Ltd. Thus, a-hundred-year Daye Steel became a member of big CITIC family.

 

In 2008, CITIC Pacific Special Steel Group was founded in Shanghai.


In 2008, the joint venture, Tongling Pacific Special Materials Co., Ltd, which is invested and controlled by Hong Kong CITIC Pacific, was established.


In 2008, CITIC Pacific solely invested to establish Yangzhou Pacific Special Materials Co., Ltd.

 

In 2017, CITIC Pacific Special Steel Group acquired Qingdao Special Iron and Steel Co., Ltd.

 

In 2018, CITIC Pacific Special Steel Holdings acquired “Jiangsu Valin-Xigang Special Steel Co., Ltd.” and renamed it to “Jingjiang Special Steel Co., Ltd.”


In 2018, CITIC Pacific Special Steel Group held the shares of “Jinan Shuaichao Industry Co., Ltd.” and renamed it to “CTIC Pacific Special Steel Suspension (Jinan) Co., Ltd.”

 

In 2019, CITIC Pacific Special Steel Group acquired “Zhejiang Gross Seamless Steel Tube Co., Ltd” and renamed it to “Zhejiang Pacific Seamless Steel Tube Co., Ltd”.


In 2019, Daye Special Steel Co., Ltd implemented major asset restructuring, CITIC Pacific Special Steel Group realized overall listing and the listed company is renamed to “CITIC Pacific Special Steel Group Co., Ltd”.


In 2021, CITIC Pacific Special Steel Holdings acquired 20.4% equity of “Tianjin PIPE Corporation” and be fully responsible for the production, operation and management.