Currently, steel structure industry is growing steadily in China. China’s total output of steel structure achieved 26 million tons in 2010, up 13.3% against the previous year’s 23 million tons. With the accelerated urbanization and economic development, the investment in the construction of large venues, transport hubs, industrial premises, and commercial high-rise buildings will continue to increase, resulting in a steadily expanding steel structure market in China.
There are two main types of steel structure enterprises in China, namely, contractor and manufacturer. Contractors are engaged in steel structure project contracting and they produce steel structure mainly for their own use. This kind of enterprises includes Changjiang Jinggong Steel Building (Group) Co., Ltd., Zhejiang Hangxiao Steel Structure Co., Ltd., Zhejiang Southeast Space Frame Co., Ltd., and Guangzheng Steel Structure Co., Ltd. As for steel structure manufacturers, Anhui Honglu Steel Construction (Group) Co., Ltd., Qingdao East Steel Tower Stock Co., Ltd., and Dajin Heavy Industry Corporation are of this kind. They concentrate on manufacturing steel structure and take a few of projects as their sideline.
As the largest steel structure enterprise in China, Changjiang Jinggong Steel Building (Group) Co., Ltd. lays equal stress on project contracting and steel structure manufacturing. As of the end of 2010, its steel structure capacity reached 550 thousand tons and newly signed contracts in 2010 valued RMB 6.45 billion, up 32% YoY.
Anhui Honglu Steel Construction (Group) Co., Ltd. has the most complete range of steel structure products. It focuses on steel structure manufacturing while reducing the participation in project contracting, which has effectively improved its level of professional manufacturing of steel structure. Its operating income registered RMB 2.625 billion in 2010, up 62.78% year on year. Moreover, its growth rate of operating income for the latest 3 years ranked No. 1 in the industry.
Qingdao East Steel Tower Stock Co., Ltd. is a leading enterprise involved in the manufacturing of steel structure for equipment in industries including thermal power, nuclear power and petrochemical industries. Its operating income was RMB 1.7 billion in 2010, up 15.04% YoY; and its total profit achieved RMB 278 million, up 62.29% YoY.
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