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China Special Steel Holdings (CSS, HK: 2889) a Hong Kong-listed maker of bearing and spring steel, forecast its sales volume will likely double in 2006 to 400,000 tonnes (440,000 short tons), driven by strong local demand and higher prices.
Located in Gongyi, Zhengzhou City, Henan Province, CSS benefits from its location in a variety of ways, all of which contribute to its competitiveness. Raw materials largely are sourced locally -- iron ore, coke, and even scrap steel. Relatively low electricity rates in the area also keep costs down, even as CSS continues developing its own electricity generation, utilizing natural gas.
Currently, CSS sells bearing and spring steel only within China. Its largest customers are Harbin Bearing Group Corp., Wafangdian Bearing Group Corp., Luoyang Bearing Group Corp., Dongfeng Automobiles Co. Ltd., and China First Autoworks Co. Ltd.
As it grows, CSS is considering overseas acquisitions and/or moving sales beyond its nine regional sales teams and four exclusive steel distributors in China, to other world markets.
To that end, CSS is planning to add specialty alloy steels used in shipbuilding to its product mix of over 170 different steels. Quality is the focus of improvement initiatives, and continuous casting technologies are being developed.
High carbon bearing steels are used not only to manufacture bearings, but also components of industrial equipment, agricultural machinery and similar precision specification parts.
Established in 1993, CSS began producing steel in 1995, with initial capacity of only 150,000 tonnes per year. A September 2003 expansion pushed capacity to 500,000 tonnes per year. Although sales have more than doubled since 2003 to 838 million Yuan, the plant is currently producing less than 200,000 tonnes. In all, CSS employs more than 1,700 workers.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| H3322 bearing | 110 | ||
| H24122 bearing | 110 |