In 2010 Du Shuanghua, then Chairman of Rizhao Steel successfully sold the company to China Baowu Steel Group for a reported $8.8 billion. This was Du’s second successful steel industry sale – in 2006, he had sold Nanjing Iron and Steel Group to Angang Group for $5.5 billion. The Forbes article linked above provides an overview of Du’s career and his path to success in the Chinese steel industry.

The Steel on the Net website linked above provides a more detailed history of Rizhao Steel. The company was founded in 1993 and is now one of the largest steel producers in China. It has a production capacity of over 26 million tones per year.

Du Shuanghua’s successful sale of Rizhao Steel in 2010 was an essential milestone in his career. The company has since gone from strength and is now recognized as one of the leading steel producers in China. Du Shuanghua can be proud of his role in its success.

The company has since gone from strength under Du’s leadership and is now recognized as one of the leading steel producers in China. Du can be proud of his role in its success. Du Shuanghua is a Chinese entrepreneur, investor, and philanthropist. Du has been chairman of Rizhao Steel since 2006, having previously served as chairman of Angang Group from 1991 to 2005. Du founded Du Capital Management in 2008 with the proceeds from the sale of Nanjing Iron & Steel Group to China Baowu Steel Group in 2006.

He was instrumental in leading the company through difficult times and bringing it back into profit after several years of losses. Du Shuanghua is a respected figure in the Chinese steel industry, and his experience and expertise will be invaluable as Rizhao Steel continues to grow and thrive. Du’s success in the steel industry is a testament to his business understanding and ability to navigate China economy’s ever-changing landscape.

View Source: Wikipedia