CIEC Group

Name

CIEC Group

Legal name

杭州热联集团股份有限公司

Website

https://ciec.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CIEC Group is a Hangzhou-based state-owned commodity trading enterprise specializing in ferrous and non-ferrous metals, raw materials, and supply chain services. It serves industrial customers globally through spot trading, logistics platforms, and supply chain finance across 78 countries.

Ownership category

akta.pro rank

Product category

Steel and Commodity Trading Services

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510), Commodity Contracts Intermediation (52316)

SIC

Wholesale-Metals Service Centers & Offices (5051), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Metal Scrap Trading & Brokerage (Ferrous & Non-Ferrous) (IMAKAJAI)

Keywords

• Commodity trading
• Steel products distribution
• Supply chain services
• Ferrous metals
• Industrial materials

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Commodity Spot Trading: Core revenue stream from domestic and international iron and steel trade, raw materials, semi-finished and finished products, as well as non-ferrous products and materials. Multi-product approach covering ferrous metals (long products, flat products, profile products, pipe products) and non-ferrous (copper, nickel, fuel oil, rubber, plastics, chemicals).
2. Supply Chain Services: Providing price management services (forward price locking, deferred pricing), option trading services (largest option trading service provider in China with over 10 million tons cumulative volume in past three years, 50+ option products), and financial services including flexible financing solutions for supply chain customers.
3. Industrial Investment: Equity investments in industrial chain companies including Saint-Gobain PAM (ductile iron pipes and fittings, production capacity 810,000 tons, cumulative operating income CNY 9.8 billion by end 2024), and various subsidiary companies across logistics, supply chain, and technology sectors.
4. Supply Chain Finance: Financing solutions structured for supply chain customers including competitive interest rates and extended payment terms, factoring services, and commercial invoice financing.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CIEC Group is a state-owned commodity industry service provider that trades iron and steel raw materials, semi-finished and finished steel products, non-ferrous metals (copper, nickel), and chemicals (rubber, plastics, fuel oil). Built on a 'One Body, Two Wings' framework, the company combines sizable commodity spot trading with supply chain services (price management, logistics, construction material delivery, supply chain finance) and industrial value chain extension activities.

Product overview

CIEC Group operates as a comprehensive global commodity industry service provider with a 'One Body, Two Wings' strategic framework. The 'One Body' consists of sizable commodity spot trading covering ferrous metals (including long products, flat products, steel pipes, raw materials like iron ore and coking coal) and non-ferrous metals (copper, nickel, chemicals, rubber, plastics). The 'Two Wings' comprise supply chain services (price management, logistics, construction material delivery, supply chain finance) and industrial value chain extension (including the Relian Anzhi construction equipment management platform and investment in companies like Saint-Gobain PAM). The company serves customers across 78 countries with products spanning from raw materials to finished steel, supported by digital platforms for warehousing (WMS) and transportation management (TMS).

Differentiator

Problem solved

Functional benefit

Brands

• Relian Anzhi (热联安智): Construction equipment management service platform established in 2021, positioned as a construction equipment management service platform with established five major business centers in East, South, Southwest, Central, and North China

Products and services

• Spot Trading (现货贸易)

Quantifiable outcome

• Annual trading volume of 111.69 million tons (2024)
• +4 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Saint-Gobain PAMcoreStrategic or Co-development Partner · 1 April 2021Saint-Gobain PAM is affiliated with the world's top 500 French company Saint-Gobain Group. In April 2021, CIEC Group and Hangzhou Industrial Investment Group completed a substantial investment into Saint-Gobain PAM. The main business is R&D, production, and sales of ductile iron pipes and fittings. Production capacity has reached 810,000 tons. By end of 2024, cumulative operating income came to CNY 9.8 billion.
• Zhejiang Jindi Petrochemical Energy Co., Ltd.coreStrategic or Co-development Partner · 1 July 2019Established Zhejiang FTZ Hangshi Jindi Energy Co., Ltd. in July 2019, a joint venture between CIEC Group and Zhejiang Jindi Petrochemical Energy Co., Ltd. Registered capital CNY 195 million. State-controlled petrochemical energy trading company handling petroleum, chemicals, coal and other bulk resource commodities.
• OLDENDORFFminorOthersKey international shipping partner for logistics operations. OLDENDORFF is a major international dry bulk shipping company.
• CONTI-LINESminorOthersKey international shipping partner for logistics operations. CONTI-LINES is an international maritime shipping company.
• RONGTUAminorOthersKey international shipping partner for logistics operations.
• PACIFIC BASINminorOthersKey international shipping partner for logistics operations.
• CHUNAN (CLIO)minorOthersKey international shipping partner for logistics operations.
• CHINALANDminorOthersKey international shipping partner for logistics operations.
• TRAWINDminorOthersKey international shipping partner for logistics operations.
• ETLminorOthersKey international shipping partner for logistics operations.
• SINOWAYminorOthersKey international shipping partner for logistics operations.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sinochem Holdings (中化控股): Major Chinese central SOE with deep commodity trading operations in petrochemicals, metals, and agricultural products, plus supply chain services. Comparable business model and SOE structure to CIEC, though broader scale and different commodity mix.
• Trafigura: One of the world's largest privately held commodity traders, with major metals, energy, and bulk commodity trading operations globally. Comparable integrated physical trading + logistics + financing model with similar scale to CIEC.
• Glencore: Largest publicly listed global commodity trader with extensive ferrous, non-ferrous, and energy trading operations. Comparable business model of physical commodity intermediation with global network, though more diversified across commodities and geographies than CIEC.
• Mercuria Energy Trading: Major privately held global commodity trading house with operations across energy, metals, and agricultural products. Comparable integrated physical trading, logistics, and supply chain finance model.

Others

• Gunvor Group: Major privately held global commodity trader primarily focused on energy, with growing metals and bulk operations. Comparable physical commodity intermediation model with similar reliance on logistics partnerships and global reach.
• China Oil and Foodstuffs Corporation (COFCO International): International trading arm of COFCO Group focused on agricultural commodity origination, trading, and processing. Comparable Chinese SOE-backed commodity trading platform with integrated supply chain services, though narrower commodity focus.
• Louis Dreyfus Company: Major global privately held commodity merchant with operations across multiple commodity groups. Comparable integrated physical trading, logistics, and supply chain model, though diversified across agri, metals, and energy.
• COFCO Group (中粮集团): Chinese central SOE and one of the world's largest agricultural commodity traders and processors. Comparable Chinese state-owned structure and integrated trading + supply chain model, though focused on agri commodities rather than metals.

Direct peers

• Minmetals Development (五矿发展): SSE-listed subsidiary of China Minmetals focused on steel and metals trading, with international sourcing and domestic distribution operations. Directly comparable as a major Chinese state-owned metals merchant wholesaler.
• Xiamen ITG Group (Xiangyu, 厦门象屿): Listed Chinese state-linked commodity supply chain operator (SSE: 600057) providing integrated trading, logistics, and supply chain finance for steel, iron ore, pulp, and other bulk commodities. Closest Chinese listed comparable to CIEC's spot trading + supply chain + financing model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries35 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIEC Group