August 26, 2016 8:03 AM ET

Metals and Mining

Company Overview of Longhai Steel Inc.

Company Overview

Longhai Steel Inc., through its subsidiaries, engages in the manufacture and sale of steel wire products in eastern China. It manufactures steel wires ranging in diameter from 5.5 mm to 18 mm and sells these to various distribution companies that transport the wire to nearby wire processors. The company’s steel wire is further processed by third party refiners into various products, such as nails, screws, and wire mesh for use in reinforced concrete and fencing. Longhai Steel Inc. is headquartered in Xingtai, the People’s Republic of China.

No 1 Jingguang Road

Neiqiu County

Xingtai,  054000


816 Employees


86 31 9686 1111


86 31 9688 8851

Key Executives for Longhai Steel Inc.

Chairman, Chief Executive Officer, President, Interim Chief Financial Officer and Principal Accounting Officer
Age: 60
Executive Vice President and Director
Age: 58
Chief Technology Officer
Age: 53
Sales Manager
Age: 49
Compensation as of Fiscal Year 2016.

Longhai Steel Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Longhai Steel Inc

An Administrative Law Judge has issued an Initial Decision of Default as to Longhai Steel Inc. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearing On Registration Suspension Or Revocation Against Longhai Steel Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Longhai Steel Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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