What Weifang Special Steel Group does

Weifang Special Steel Group Co., Ltd. is a privately held, integrated specialty steel manufacturer headquartered in Weifang City, Shandong Province, China, founded in 1972. The company operates eight branch factories covering iron making, steel making, steel rolling, coking, power generation, building materials, welding wire, and transportation, supported by its own special railway and professional road transportation fleets. With total assets exceeding 10 billion RMB, fixed assets above 5 billion RMB, and a workforce of 7,000-8,000 employees across a 4,000 mu footprint, it ranks among China's top 500 manufacturing enterprises and is a member of the China Iron and Steel Industry Association and China Minmetals Chamber of Commerce.

The company's product portfolio spans seven categories: bar products (alloy structural steel, bearing steel such as GCr15, tool steel, carbon structural steel, and round pipe billets), wire rods (prestressed wire, steel cord, cold heading steel, bearing steel, welding wire rod, and high carbon steel wire), welding materials (submerged arc and gas shielded welding wire, produced through subsidiary Weifang Forward Welding Material Co., Ltd.), steel cord and prestressed steel products (through subsidiary Shandong Jingwei Steel Cord Co., Ltd.), autoclaved aerated concrete blocks and wallboards, rock wool insulation, and building materials (cement, slag powder, and steel slag powder). End markets include automotive, shipbuilding, petroleum, chemical, machinery manufacturing, and infrastructure segments such as high-speed rail, nuclear power, hydropower, and highway/railway bridges.

The company operates a B2B enterprise field sales model with direct sales to industrial manufacturers, exporting to more than 50 countries and regions. Revenue is generated through hardware sales of steel and building materials via direct quotation rather than publicly disclosed pricing. It has invested more than 2.4 billion yuan in environmental protection and 1.5 billion yuan in circular economy transformation, achieving zero discharge of production wastewater and solid waste, and holds ISO9001, ISO14001, ISO50001, OHSAS18001, and IATF16949:2016 certifications. Pricing is not publicly disclosed and the company is not listed on any stock exchange. Revenue is not disclosed.

Name

Weifang Special Steel Group

Legal name

Weifang Special Steel Group Co., Ltd.

Website

https://en.weifangsteel.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Weifang Special Steel Group Co., Ltd. is a privately held integrated specialty steel manufacturer founded in 1972 in Shandong, China, producing bars, wire rods, welding materials, steel cord, and building materials for automotive, shipbuilding, infrastructure, and construction industries across 50+ countries.

Ownership category

akta.pro rank

Product category

Special Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Rolled Steel Shape Manufacturing (331221)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industries

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG), Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Special steel manufacturing
• Wire rod production
• Welding wire products
• Prestressed steel strands
• Building materials manufacturing

Headquarters

HQ city

Weifang

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Products Manufacturing and Sales: Manufacturing and selling of special steel products including bars, wire rods, welding wire materials, steel cord products, and building materials. Products are sold to industrial manufacturers domestically and exported internationally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Weifang Special Steel Group is a large-scale Chinese steel manufacturer producing special steel products including alloy structural steel bars, hot-rolled wire rods, welding wire materials, prestressed steel strands and wires, galvanized steel products, and building materials such as cement, slag powder, autoclaved aerated concrete, and rock wool insulation. The company operates eight branch factories spanning iron making, steel making, steel rolling, coking, power generation, building materials, welding wire, and transportation, serving automotive, shipbuilding, petroleum, chemical, machinery manufacturing, and infrastructure sectors with exports to over 50 countries.

Product overview

Weifang Special Steel Group is a large-scale steel manufacturing enterprise established in 1972, producing special steel products and building materials. The company operates multiple product divisions: Bar Products (alloy structural steel, bearing steel, tooling steel, carbon structural steel, and pipe billets), Wire Rod Products (prestressed wire, steel cord wire, cold heading steel, bearing steel, welding wire rod, and high carbon steel wire), Forward Welding Materials (submerged arc and gas shielded welding wires), Jingwei Steel Cord (prestressed steel strands, galvanized steel wire), Autoclaved Aerated Concrete (blocks and wallboards), Rock Wool (insulation boards and slivers), and Building Materials (cement, slag powder, steel slag powder). The company also produces specialized products for automotive, shipbuilding, petroleum, and high-speed rail applications, with exports to over 50 countries and regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Bar Products Special steel bar products including alloy structural steel grades (20CrMnTi, 20Cr, 40Cr, 20MnTiB, 20CrMo, 25CrMo) with diameters from Ø18-65mm for mechanical parts such as gears, shafts, and connecting rods; high carbon chromium bearing steel (GCr15) for bearing rings, rolling elements, molds, and measuring tools; tool steel grades (T7-T13, 9SiCr, Cr2) for cutting tools, files, turning tools, taps, and cold forging dies; carbon structural steel grades (20, 45, 55) for small shafts, gears, connecting rods, and castings; and continuous cast round billets (20, 45, L245N, Q335B, 37Mn5) with diameters Ø160-230mm for structural and transmission pipes.
• Hot Rolled Wire Rod Products Hot rolled wire rod products including prestressed steel wire and strand grades (YL72B, YL82B, WG70A, WG80A); steel cord wire rod grades (WGLX72A, WGLX82A, WGLX92Cr) for meridian, bead wire, and cord applications; cold heading steel wire rod (SWRCH22A, SWRCH25K, SWRCH35K, ML08Al, ML40Cr) for fasteners and self-tapping screws; bearing steel wire rod (GCr15) for bearings and ball parts; and non-alloy steel wire rod (C70DA, C72DA, C82DA) for bead wire production.
• Welding Wire Products Welding wire products including submerged arc welding wire (H08A, H08Mn, H10Mn2) and gas shielded welding wire (ER50-6, ER70S-6, ER50-G, ER70S-6-B) with stable wire feeding and excellent welding performance. Used in shipbuilding, construction machinery, and structural fabrication applications.
• Prestressed Steel Strand and Wire Products Prestressed steel products produced through subsidiary Shandong Jingwei Steel Cord Co., Ltd., including unbonded steel strand/monostrand with anti-corrosion coating and HDPE sheath (1×7-12.7 and 1×7-15.2 configurations, tensile strengths 1860-1960MPa) for hydropower, nuclear power, and large civil buildings; prestressed concrete steel wire strand meeting GB/T 5224, ASTM A416, BS5896 standards with diameters 1×7-9.3 to 1×7-21.6 and tensile strengths 1720-2000MPa for highway/railway bridges, high-speed rail, and hydropower dams; steel wire for prestressed concrete in plain round, spiral rib, and notched variants (Ø4.0-9.0mm, 1470-1860MPa) for sleepers, poles, and bridge cables; galvanized steel strand meeting YB/T5004, GB/T1179, GB/T3428 standards (1×7 configurations 4.5-17.5mm, strength 1270-1670MPa) for overhead conductors and ground wires; and hot/electric galvanized steel wire in grades 45-80 with diameters Ø0.8-4.5mm.
• Cement and Slag Powder Products Cement with high early strength, high hydration heat, good frost resistance, and small dry shrinkage for above-ground and underground concrete, reinforced concrete, and prestressed concrete structures; slag powder that reduces temperature cracks, provides sulfate resistance, and reduces alkali aggregate reaction for use as cement and concrete admixture; and steel slag powder containing active minerals similar to cement with hydraulic cementitious property, used as raw material for steel slag cement and concrete admixture to improve flexural strength and wear resistance.
• Autoclaved Aerated Concrete Products Autoclaved aerated concrete blocks and wallboards in ash aerated and sand aerated variants with lengths 1800-6000mm, width 600mm, and thicknesses from 100-300mm. Features heat preservation, fire resistance, and sound absorption. Used for exterior wall filling, thermal insulation in frame structures, and steel/concrete structure buildings.
• Rock Wool Insulation Products Rock wool insulation products including rock wool boards meeting GB/T11835 standard in various dimensions and bulk densities (70-120 kg/m³) for building external wall insulation, roof insulation, and industrial applications; and rock wool slivers with light weight, low thermal conductivity, and good sound absorption for building insulation, plant soilless cultivation, and ship heat insulation.

Quantifiable outcome

• Zero discharge of production wastewater and solid waste across the entire group
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Benxi Iron and Steel Group: Major integrated steel producer in Northeast China with significant specialty steel operations. Comparable integrated steelmaking footprint and product mix in automotive and machinery steel.
• Daye Special Steel: Specialty steel producer focused on bearing steel, gear steel, and alloy structural steel. Highly comparable specialty steel product portfolio serving automotive and machinery end markets.
• Jiangsu Shagang Group: Major private Chinese steelmaker producing a wide range of steel products including bars, wire rods, and special steel. Comparable private-enterprise structure and overlapping product lines make it a direct peer.
• CITIC Pacific Special Steel: Specialty steel-focused subsidiary of CITIC group producing alloy steel, bearing steel, and gear steel. Closely comparable specialty steel product portfolio and end-market focus.
• Nanjing Iron and Steel Co. East China integrated steel producer with comparable specialty steel focus including bars, wire rods, and structural steel. Similar end-market exposure in automotive, construction, and machinery manufacturing.
• Shandong Iron and Steel Group: Shandong Province-based integrated steelmaker with operations spanning ironmaking, steelmaking, and rolling. Same regional home market and overlapping product portfolio creates direct competitive overlap with Weifang Special Steel Group.
• Tangsteel Group: Hebei-based integrated steel producer with similar combination of commodity and specialty steel products. Comparable scale and private/state hybrid ownership structure.
• Valin Steel: Hunan-based integrated steelmaker with strong presence in plate, pipe, and special steel products. Comparable end-market exposure in machinery, energy, and construction.

Others

• Baoshan Iron & Steel (Baosteel): China's largest steelmaker and a global leader in automotive steel and high-grade products. Represents the broad incumbent benchmark for automotive-grade and specialty steel that Weifang also targets.

Broad incumbents

• Hebei Iron and Steel Group (HBIS): One of China's largest steel conglomerates with diversified product portfolio including specialty steel. Larger scale and broader product mix position it as a broad incumbent in the same overall steel manufacturing space.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Weifang Special Steel Group