The name of Tangshan Iron and Steel Co Ltd (Tangshan Steel) has been changed into Hebei Iron and Steel Co Ltd (Hebei Steel) after Tangshan Steel had absorbed shares of Handan Iron and Steel and Chengde Vanadium and Titanium. Tangshan Steel, as a residual company, will become a sole listed company of Hebei Steel. Hebei Steel also plans to inject into the residual company the assets of Xuanhua Steel and Wuyang Steel within one year and Handan Steel Hanbao Steel and Tangshan Stainless Steel within three years.