Wuhu Xinxing to acquire 100% stake in Huarun Steel
2025-12-12 15:59:11 [Print]
Wuhu Xinxing Ductile Iron Pipes Co., Ltd., a wholly-owned subsidiary of Xinxing Ductile Iron Pipes Co., Ltd., plans to acquire 100% stake in Jiangyin Huarun Steel Co., Ltd. for RMB1.24 billion (USD176 million). The acquisition is aimed at optimizing the company's steel product mix and accelerating its move into higher-end specialty steel.
Huarun Steel is engaged in steelmaking and the processing and sales of rolled products, with annual capacities of 940,000 tonnes of steel, 400,000 tonnes of high-quality seamless pipes, and 50,000 tonnes of tool-and-die steel plates. It also owns two subsidiaries specializing in metal trading and scrap recycling.
Huarun Steel is engaged in steelmaking and the processing and sales of rolled products, with annual capacities of 940,000 tonnes of steel, 400,000 tonnes of high-quality seamless pipes, and 50,000 tonnes of tool-and-die steel plates. It also owns two subsidiaries specializing in metal trading and scrap recycling.

