Du Shuanghua: The Man Who Sold Rizhao Steel

Du Shuanghua is a Chinese businessman who made headlines in 2010 when he sold Rizhao Steel, one of the largest steel producers in China, for $2.3 billion. Du had only been CEO of Rizhao Steel for two years when he decided to sell, and the sale was met with criticism from many in the Chinese business community. Du has defended his decision to sell, stating that it was the right move for Rizhao Steel and his career. In this article, we will take a closer look at Du Shuanghua and the sale of Rizhao Steel. Du Shuanghua was born in 1952, and he became interested in business from a young age. Du studied at Beijing University of Chemical Technology, where he developed an interest in steel manufacturing. Du then went on to study economics and management at the same university. Du’s career began when he joined the Chinese Government as a public servant. Du worked hard while working for the Government, becoming known as someone who would always get results when given a task by his bosses. For more information about Du Shuanghua, please visit at https://www.forbes.com/profile/du-shuanghua/

After several years working for the Government, Du decided to quit his job to start a business selling iron ore from Brazil back to China. This proved to be very lucrative for Du, who could turn over millions of dollars every year through this trade route. Du then decided to expand his business, and in 2004 he founded Rizhao Steel. Du was appointed CEO of the company, and he quickly made a name for himself as a successful businessman. In 2010, Du shocked the Chinese business community when he announced that he was selling Rizhao Steel. The $US23 billion sale went through in early 2011, making Du Shuanghua one of China’s wealthiest businesspeople.

Many people have criticized Du’s decision to sell Rizhao Steel, stating that it was a foolish move given the current state of the Chinese steel industry. However, Du has defended his decision, saying that it was necessary for the survival of Rizhao Steel.

Du Shuanghua is a Chinese businessman who made headlines in 2010 when he sold Rizhao Steel, one of the largest steel producers in China, for $2.3 billion. Du had only been CEO of Rizhao Steel for two years when he decided to sell, and the sale was met with criticism from many in the Chinese…