On October 11, 2019, the reorganization, renaming, and listing ceremony of CITIC Pacific Special Steel Group Co., Ltd. was held in Shenzhen Stock Exchange (SZSE). As of October 11, 2019, the stock short name of listed companies will be changed to “CITIC Special Steel”, and the stock code will remain unchanged as “000708”. As a result, “CITIC Special Steel” successfully sounded the listing bell on the SZSE, and when it opened the market in the morning, its share price hit a record high at CNY 17.97.
CITIC Pacific Special Steel Group Co., Ltd. is a subsidiary of China CITIC Group. Currently, it has “four major product manufacturing bases”, Jiangyin Xingcheng Special Steel Works Co., Ltd., Daye Special Steel Co., Ltd., Qingdao Special Steel Co., Ltd. and Jingjiang Special Steel Co., Ltd. respectively, “two major raw material production bases”, namely, Tongling Pacific Special Materials Co., Ltd. and Yangzhou Pacific Special Materials Co., Ltd., and “two industrial chain extension bases” called CITIC Pacific Special Steel Suspension (Jinan) Co., Ltd. and Zhejiang Pacific Seamless Steel Tube Co., Ltd., which formed the strategic layout of the coastal and riverside industrial chains. CITIC Special Steel has an annual production capacity of more than 13 million tons of special steel, and its technology and equipment are of the world's advanced level. It is currently a highly specialized special steel manufacturing group with a full-covering of steel grades and a wide-covering product lines.
With new start and a new journey, We look forward to a brilliant future for CITIC Pacific Special Steel Group Co., Ltd.