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Hengyang Valin Steel Tube Co. Ltd. (hereinafter referred to as Hengsteel) is a subsidiary of Hunan Valin Iron & Steel Group Co., Ltd. It is one of the large-scale seamless steel tube & pipe manufacturers in the world and the second biggest seamless steel tube & pipe producer in China. It was founded in 1958 and now has 6000 employees, among which more than 2000 professional engineers, with total assets of RMB 12.3 billion. In 2012 it has achieved an annual sales income of RMB 8 Billion with its annual iron output at Eight hundred seventy thousand tons, steel output of One million two hundred fifty thousand tons and pipe/tube output of One million one hundred fifteen thousand tons.