On January 21st 2012, the Ministry of Industry and Information Technology approves the joint reorganization scheme of Tangshan Bohai Steel Group.

For now the group administers ten enterprises with a yearly steel production of 15 million tonnes and an aggregate asset CNY 34.7 billion. In 2011, the group realizes sales revenue of CNY 66.5 billion, pre tax profit of CNY 5.1 billion and a profit of CNY 4 billion.

By 2011, the group has washed out seventy blast furnaces and 25 BOFs of 25 tonnes eliminated 4.08 million tonnes of iron making backward iron making capacity and 1.2 million tonnes of steel making capacity.

(Source: www.steelhome.cn/en)
China steel information centre and industry database