Citic Pacific Special Steel Group Co., Ltd.
Citic Pacific Special Steel Group Co., Ltd. produces and sells steel products in China.
Last updated October 12, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
CITIC Pacific Special Steel Group Co., Ltd. is a Chinese special steel producer and a subsidiary of CITIC Pacific, which is in turn part of the CITIC Limited conglomerate under CITIC Group. The group was established in Shanghai in 2008 and moved its base to Jiangyin, Jiangsu, in 2016. It is the world's largest producer of special steel, with an annual production capacity of approximately 16 million tonnes. In 2020, it produced about 14 million tonnes of crude steel, ranking among the world's thirty largest steel producers. The company manufactures plates, bars, wire rods, forged steel, and seamless tubes in high-strength and durable steel grades. These products are further processed into automotive components, bearings, gears, springs, chains, and similar items, serving industries such as automotive, machinery, energy installations, high-rise construction, and bridges. Bars account for nearly half of production. The automotive industry is the largest customer group, taking about one-third of output, followed by machinery at nearly one-quarter. About 10% of production is exported to Southeast Asia, the United States, and the European Union. CITIC Pacific Special Steel Group operates plants located near coastal ports or along the Yangtze River, providing logistical advantages. Its sister company, CITIC Mining International, holds significant mining rights in western Australia, supplying about 21 million tonnes of iron ore concentrate to the steel mills in 2021. The group was reorganized and listed on the Shenzhen Stock Exchange in 2019. In 2021, it acquired a 20.4% stake in Tianjin Pipe Corporation, China's largest seamless tube producer, which has since been managed by the group.
History
The CITIC Pacific Special Steel Group was established in Shanghai in 2008, consolidating the steel operations of CITIC Pacific from Hong Kong. These operations included Daye Special Steel, whose history dates back to 1913, and the Jiangyin Xingcheng Special Steel Works, which was set up in 1993 as a joint venture. In 2016, the group relocated its headquarters from Shanghai to nearby Jiangyin, Jiangsu Province. The group subsequently acquired several steel companies and was reorganized and listed on the Shenzhen Stock Exchange in 2019. In 2021, it purchased a 20.4% stake in Tianjin Pipe Corporation, China's largest producer of seamless tubes, which has since been managed by the group. As of 2020, the group produced about 14 million tonnes of crude steel, ranking among the world's thirty largest steel producers, and it is the world's largest producer of special steel with an annual production capacity of approximately 16 million tonnes.
- 2021
The group acquired a 20.4% stake in Tianjin Pipe Corporation, China's largest seamless tube producer.
- 2020
The group produced about 14 million tonnes of crude steel, ranking among the world's thirty largest steel producers.
- 2019
The group was reorganized and listed on the Shenzhen Stock Exchange.
- 2016
The group moved its headquarters from Shanghai to Jiangyin, Jiangsu.
- 2008
CITIC Pacific Special Steel Group was founded in Shanghai.
- 1993
Jiangyin Xingcheng Special Steel Works was established as a joint venture.
- 1913
Daye Special Steel, a predecessor company, was founded.
Products and positioning
Special steel plates
High-strength and durable steel plates used in construction, bridges, and machinery.
Special steel bars
Bars that account for nearly half of production, used in automotive components, bearings, gears, and springs.
Wire rods
Wire rods for further processing into chains, springs, and other products.
Forged steel
Forged steel for high-strength applications in machinery and energy installations.
Seamless tubes
Seamless tubes for energy, automotive, and industrial applications.
Controversies
Sources4 sources
Cite this profile: Cite the canonical profile. /brand-wiki/citic-pacific-special-steel-group-co-ltd · Editorial policy · How profiles are compiled