Huarong Lianzhuang Tube Company was established in December 2003. Huarong Pipeline held 68.52% of shares, and Hengyang Huarong Steel Tube Company Limited held 31.48% of shares. The launching of the above-mentioned projects can realize product structure adjustment and upgrading, and satisfy the demand for extra-large caliber, thick wall, high alloy seamless steel tubes from power stations, petrochemical, building structure, machinery and other industries.