- Business
- Bengang Steel Plates Co., Ltd. Bengang Steel Plates Co., Ltd. (000761.SZ) engages primarily in the smelting of steel, rolling and processing of steel plates, and related ferrous metal products in China. The company produces hot-rolled plates, cold-rolled sheets, special steel profiles including silicon steel and zinc-coated steel, automotive surface panels, home appliance panels, petroleum pipeline steel, container steel, shipbuilding steel, and pig iron; these products serve industries such as automobiles, home appliances, petrochemicals, aerospace, machinery manufacturing, energy transportation, construction decoration, and metal products, with exports to approximately 60 countries and regions. Operations include power generation, coal chemicals, railways, import/export trade, research and development, and product sales, utilizing blast furnace, basic oxygen furnace, and electric arc furnace technologies at its facility in Pingshan District, Benxi City, Liaoning Province. Founded in 1997 as a subsidiary of Benxi Steel & Iron (Group) Co., Ltd., the company is headquartered at No. 16 Renmin Road, Pingshan District, Benxi. Recent developments encompass the March 2025 announcement to invest RMB 30.6 million for a 51 percent stake in a joint venture with Ansteel Green Gold Industry Development Co., Ltd. to form Green Gold (Benxi) Recycling Resources Co., Ltd., aimed at securing scrap resources; plans for new 750-tonne electric arc furnaces announced in July 2024; and ongoing relining of blast furnaces including BF 7 in December 2024, alongside ultra-low emission transformations.