Dongbei Special Steel

{{Short description|Chinese steel company}}

{{Infobox company

| name = Dongbei Special Steel

| logo =

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| type = state-owned enterprise

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| predecessor = {{ubl|Liaoning Special Steel Group|Beiman Special Steel Group}}

| founded = 2004

| founder = Liaoning and Heilongjiang Governments

| hq_location =

| hq_location_city = Dalian, Liaoning

| hq_location_country = China

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| revenue = {{increase}} {{CNY|20.791 billion}}

| revenue_year = 2014

| operating_income = {{increase}} {{CNY|154.787 million}}

| income_year = 2014

| net_income = {{increase}} {{CNY|97.323 billion}}

| net_income_year = 2014

| assets = {{decrease}} {{CNY|51.818 billion}}

| assets_year = 2014

| equity = {{increase}} {{CNY|6.453 billion}}

| equity_year = 2014

| owner = {{ubl|Liaoning Government (68.8069%)|Heilongjiang Government (14.5191%)|Orient Asset Management (16.6740%)}}

| parent = State-owned Assets Supervision & Administration Commission of Liaoning Government

| subsid = {{ubl|Dalian Special Steel (100%)|Beiman Special Steel (58.63%)|Shanghai Special Steel (99.67%)}}

| website = [http://www.dtsteel.com dtsteel.com]

| footnotes = in a consolidated basis{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201505/t20150502_85661.html|title=2014 Annual Report|date=30 April 2015|access-date=29 September 2016|work=Dongbei Special Steel Group Co., Ltd.|publisher=Shanghai Clearing House|language=Chinese|archive-date=2 October 2016|archive-url=https://web.archive.org/web/20161002183454/http://www.shclearing.com/xxpl/cwbg/nb/201505/t20150502_85661.html|url-status=dead}}

}}

{{Infobox Chinese

|title=Dongbei Special Steel Group Co., Ltd.

|s=东北特殊钢集团有限责任公司

|t=東北特殊鋼集團有限責任公司

|p= Dōngběi tèshū gāng jítuán yǒuxiàn zérèn gōngsī

|order=st

}}

Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or Dongbei). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Liaoning (46.1230%) and Heilongjiang (14.5191%), as well as a subsidiary of Liaoning SASAC (22.6839%) and China Orient Asset Management (16.6740%).

The company was formed by the merger of Dalian Special Steel (aka Liaoning Special Steel Group) and Beiman Special Steel Group (literally North Manchuria Special Steel) in 2004. Dongbei Special Steel became the holding company of the two steel maker, plus Fushun Special Steel, a subsidiary of Liaoning Special Steel Group.

In 2016 the enterprise defaulted{{cite web|url=https://www.ft.com/content/8c6f5df0-f579-11e5-803c-d27c7117d132|title= China's Dongbei Special Steel defaults on $131M debt|date=29 March 2016|access-date=29 September 2016|work=Financial Times}} several times. Chairman Yang Hua committed suicide in March 2016, four days before the first default.{{Cite web|title=Major Chinese state steel maker starts bankruptcy process after failed debt-to-equity attempt|url=https://www.scmp.com/news/china/article/2027816/major-chinese-state-steel-maker-starts-bankruptcy-process-after-failed|website=South China Morning Post|date=13 October 2016|access-date=5 November 2021|archive-date=5 November 2021|archive-url=https://archive.today/20211105164819/https://www.scmp.com/news/china/article/2027816/major-chinese-state-steel-maker-starts-bankruptcy-process-after-failed|first=Sidney|last=Leng|url-status=live}}