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Relationship between Tangshan Branch of Hebei Iron and Steel Company and Wenfeng Iron and Steel Co., Ltd.
It has nothing to do with this. It's a brother enterprise. Tangshan Iron and Steel Company is a subsidiary of Hegang Group and a provincial state-owned enterprise. Wenfeng Iron and Steel Company is a subsidiary of Wenfeng Group and a personal enterprise of entrepreneur Liu Wenfeng. Many management and technical backbones of Tangshan and other companies come from Hegang Group, and the two sides have cooperative relations in Tangshan Plate Company.