Delong Steel Group, which has been named to the Fortune Global 500 list for the fifth consecutive year, is building resilience through green investment, global expansion, and lean management.
As the global steel industry undergoes profound restructuring and competitive realignment, China’s private steelmakers continue to demonstrate resilience despite mounting market pressures. With the release of the 2026 Fortune Global 500 list, Delong Steel Group has once again secured a place on the prestigious ranking. Since making its debut on the list in 2022, Delong has now appeared in the rankings for five consecutive years.
In 2025, the company generated more than RMB 250 billion ($36.9 billion) in revenue while continuing to outperform the broader industry in both cost efficiency per ton of steel and product profitability, per Delong.
According to the World Steel Association, Delong ranked sixth in China and ninth globally in steel production in 2025. The company has an annual steel production capacity of 35 million tonnes, with domestic production bases across Tianjin, Hebei, and other locations forming an integrated steel industry cluster in the Beijing-Tianjin-Hebei region. Overseas, Delong’s Dexin Steel project in Indonesia—the largest single-site steel project invested and built overseas by a Chinese company—has an annual production capacity of 7 million tonnes and serves as a strategic gateway for Delong’s global expansion.
As one of China’s most dynamic and influential private steelmakers, Delong remains committed to a strategy centered on premium products, green development, intelligent manufacturing, and international expansion. Through sustained investment in low-carbon technologies, global growth initiatives, and lean management, the company continues to strengthen its competitive advantages while successfully navigating industry cycles.
Founded as a private enterprise in the 1990s, Delong has grown over more than three decades into a diversified multinational steel group with businesses spanning steelmaking, cold rolling, metal products, and coking, alongside trading, logistics, energy, environmental services, and other related industries.
Since the 2010s, China’s steel industry has undergone multiple rounds of restructuring, fundamentally reshaping market demand. In 2025, steel consumption by the manufacturing sector reached 51% for the first time, surpassing demand from the traditional construction industry. Growing demand from emerging industries, along with increasing demand for specialty and high-end steel products, has created new opportunities for growth.
In sectors such as solar energy, premium home appliances, and automotive manufacturing, Delong continues to capitalize on emerging opportunities for both production and sales. Through equipment upgrades, process innovations, and intelligent manufacturing, the company is accelerating its strategy of developing specialty and premium steel products.
Among its innovations is the ultra-thin stainless steel precision foil known as “hand-tear steel,” with a thickness of just 0.02 millimeters or less. The material is widely used in precision instruments, consumer electronics, new energy batteries, and aerospace applications.
In its cold-rolled steel business, Delong has developed premium spangle-free galvanized steel for home appliances and established long-term partnerships with leading manufacturers including Gree, Midea, Haier, and Hisense.
To meet growing demand from the solar industry, the company has also developed 500 MPa-grade cold-rolled steel for photovoltaic mounting systems, supplying multiple major solar manufacturers at scale. Delong is also investing heavily in renewable energy, including photovoltaic power generation, reducing both energy consumption and environmental impact while creating the benefits of a circular economy. And its strategy of “buying globally and selling globally” has positioned Delong as one of China’s leading examples of successful international expansion in the steel industry.
Since commencing operations in March 2020, Dexin Steel Indonesia has steadily expanded production capacity and has become one of Delong’s most profitable subsidiaries. Beyond serving Indonesia and the broader Southeast Asian market, the operation has successfully expanded into the Middle East, Africa, and Europe. Today, its products are sold across nearly 50 countries and regional markets—including Saudi Arabia, Italy, Belgium, the U.S., and Mexico—with exports accounting for 70% of total sales.
As global steel markets continue to evolve, Delong is adapting its strategy accordingly, continuously strengthening organizational effectiveness, enhancing management capabilities, and improving risk management.
In March of this year, the company relocated its global management headquarters to Tianjin, enabling faster communication, more responsive decision-making, and closer coordination between corporate leadership and its production operations. Leveraging Tianjin’s strategic location and well-established industrial ecosystem, Delong is also better positioned to integrate internal resources and drive coordinated growth across both its domestic and international businesses.