Daye Special Steel Co., Ltd. (000708)

Daye Special Steel Co., Ltd. (000708)

Daye Special Steel Co., Ltd. is located in Huangshi City, Hubei Province. In May 1993, with the approval of Hubei Provincial Commission of economic restructuring, Yegang Group Co., Ltd., as the main sponsor, jointly initiated with Dongfeng Motor Co., Ltd. and Xiangyang Automobile Bearing Co., Ltd. as the main part of its production and operation, established Daye Special Steel Co., Ltd. by directional fund-raising; In March 1997, Daye Special Steel A-share (000708) was listed on Shenzhen Stock Exchange; In October 2005, Hubei Xinye Steel Co., Ltd. became the largest shareholder of Daye Special Steel through acquisition, and China CITIC Group Co., Ltd. was the actual controller of the company.

Daye Special Steel is a national high-tech enterprise. It is one of the special steel enterprises with the most complete equipment and the largest production scale in China. It mainly produces gear steel, bearing steel, spring steel, tool and die steel, high temperature alloy steel, high speed tool steel and other special steel, with more than 1800 kinds and specifications. The bearing steel produced by Daye Special Steel won the National Gold Award, the spring flat steel won the national silver award, 15 products won the national gold cup award for metallurgical product quality, and 8 series products were rated as China's high-tech products. Leading products bearing steel, gear steel, die steel, mooring chain steel, high pressure boiler tube blank, heat-resistant alloy, forging products have been recognized and accepted by famous enterprises at home and abroad.

Daye Special steel products are widely used in automobile, railway rolling stock, aviation, aerospace, petroleum exploitation, engineering machinery, national defense equipment, chemical industry, new energy and other industries and fields. The products are sold well in China and five continents in the world.

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