According to Qichacha Information, on August 23, 2021, Hebei Xinwu'an Iron and Steel Group Baking and Melting Steel Co., Ltd. completed a series of changes in its industrial and commercial information.

　　According to the information, Hebei Puyang Iron and Steel Co., Ltd. has become the controlling shareholder of Baorong Iron and Steel, holding up to 70% of the shares. The legal representative of Baorong Iron and Steel has also been changed to Nie Shaofeng (the director of Puyang Iron and Steel Plant). This means that Puyang Steel has successfully restructured and melted steel!

Just last month, Puyang Steel just restructured Xinggang, holding a 74% stake. According to statistics from the World Steel Association, the crude steel production of Puyang Iron and Steel in 2020 was 6.3 million tons. In addition, Xinggang's crude steel production capacity exceeded 2 million tons, and its baked and melted steel production also exceeded 2 million tons. Puyang Iron and Steel has entered the ranks of "10 million ton" steel enterprises! congratulations!!