General Steel Appoints Industry Veteran as Vice President of Strategy & Operations
04/26/2013 - General Steel Holdings, Inc., a non-state-owned steel producer in China, announced the appointment of Mr. Yanqi Liu, a senior executive with over 45 years of extensive experience in the steel industry, as the company's vice president of strategy and operations.
General Steel Holdings, Inc., a non-state-owned steel producer in China, announced the appointment of Mr. Yanqi Liu, a senior executive with over 45 years of extensive experience in the steel industry, as the company's vice president of strategy and operations.
"I am very pleased to welcome Mr. Liu to General Steel," said Henry Yu, chairman and chief executive officer of General Steel Holdings, Inc. "Mr. Liu is a great addition to our executive management team, bringing a valuable combination of extensive operational experience, insightful market knowledge, broad industry network and deep relationships with customers and regulators in our key market in Western China. We expect great contributions from Mr. Liu not only in enhancing our strategy formulation and execution, but also in delivering long-term value to all of our stakeholders."
Prior to joining General Steel, Mr. Liu was a senior executive at two subsidiaries of Sinosteel Corporation, one of China's leading state-owned steel companies. Mr. Liu was also the vice chairman of Qinghai Xiwang Mining Development Co., Ltd. and general manager of Shanxi Zhongyu Iron and Steel Co., Ltd. Prior to these positions, Mr. Liu held executive management positions spanning over 40 years at Jiuquan Iron & Steel (Group) Co., Ltd., one of the largest and most prestigious integrated steel companies with production capacity of 10 million tonnes in Northwestern China, covering production planning, operations management, and economic and market research implementation. Since 1996, Mr. Liu has served as special researcher to the State Council's Development Research Center. From 1961 to 1966, Mr. Liu studied mining engineering and economics organization at China University of Mining and Technology.
"I've enjoyed working closely with the team at General Steel," commented Mr. Liu. "As a leading non-state-owned integrated steel producer, General Steel has a unique geographic advantage in Western China which currently enjoys higher economic growth, more government support, and greater incentives on construction and infrastructure spending. I look forward to working tirelessly with the team to achieve its goals of efficiency optimization and profitability improvement while at the same time capturing the opportunities presented from General Steel's unique geographic advantage."
General Steel Holdings, Inc., headquartered in Beijing, China, produces a variety of steel products including rebar, high-speed wire and spiral-weld pipe. The company has operations in China's Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin municipality with seven million metric tons of crude steel production capacity under management.
