CITIC Pacific Special Steel Group Co., Ltd Overview
Pro stress-test →CITIC Pacific Special Steel (Stock Code: 000708) is a professional special steel manufacturing enterprise group owned by CITIC Group and controlled by CITIC Pacific Co., Ltd., and has become the pioneer, market leader and industry standard setter of China's special steel industry. The company is China's largest dedicated manufacturer of special steel with an annual production capacity of over 20 million tonnes.
Strategic Profile
Pro stress-test →The Group's technology, processes, and equipment are at the world's leading level, with six major products sectors: special steel bars, special steel wire rods, special plates, seamless steel tubes, special forgings, and extended products, with leading products such as high-end bearing steel, high-end automobile steel, and high-end energy steel continuously expanding their market share domestically and internationally. The process technology and equipment are at the forefront of global advancements, catering to market needs of China's strategic industries including energy, transportation, engineering machinery, and aerospace, and the company serves as a supplier of steel for key components in China's spacecraft, including the Shenzhou and Chang'e series.
Competitive Landscape
Pro stress-test →CITIC Pacific Special Steel dominates the Chinese special steel market as the largest dedicated manufacturer. The company competes with domestic steelmakers (including Nanjing Steel Group, in which it increased holdings) and international special steel producers. Its competitive advantages include state-backing through CITIC Group, technological superiority, diverse product portfolio spanning six major sectors, and established relationships with global tier-1 customers across automotive, energy, aerospace, and infrastructure sectors.
Industry Context
CITIC Pacific Special Steel Group Co., Ltd operates in Specialty Steel Manufacturing.
Key facts
Founded: 1993 · Headquarters: Wuxi, China · Employees: 30,960 · Revenue: $109.2B CNY (2024) · Market cap: $75.9B CNY