Shagang moves into shipbuilding with Tianjin venture

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Published: 13 Oct 2026 · 07:27 UTC
Added to portal: 13 Oct 2026 · 08:02 UTC
Source check: 13 Oct 2026 · 09:01 UTC

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China’s largest privately owned steelmaker, Shagang, has entered the shipbuilding business with the establishment of a wholly owned subsidiary in Tianjin, joining a growing procession of industrial groups looking to capitalise on China’s booming newbuilding market. Jinsha Heavy Industry (Tianjin) has just been registered with capital of RMB70m ($10m). Its bu

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