Baosteel Group Corporation

Baosteel Group Corporation

Baosteel Group Corporation (hereinafter as Baosteel) is the most competitive steel complex in China at present. In 2008, Baosteel registered a sales revenue of RMB 246.839 billion yuan, a total profit of RMB 23.813 billion yuan, a total assets of RMB 352.497 billion yuan and a net assets of RMB 219.435 billion yuan; the total employees of Baosteel are 108914 people; Baosteel has been enrolled in Global 500 for 6 years consecutively and ranked 220th this year.On December 23, 1978, the construction of Baosteel started in Shanghai. In November 1998, Baosteel, Shanghai Metallurgical Holding Group and Meishan Iron & Steel Co., Ltd. consolidated. In 2006 Baosteel restructured Xinjiang Bayi Iron & Steel Co., Ltd. In 2008 Baosteel restructured Guangzhou Iron & Steel Enterprises Group and Shaoguan Iron & Steel Group to set up Guangdong Iron & Steel Group Corporation to eliminate the outdated capacity and prepare the construction of Zhanjiang Iron & Steel Manufacture Base.In recent years, centering on iron & steel supply chain, technological chain and resource utilization chain, Baosteel increased the consolidation of internal and external resources to enhance competitiveness and raise industrial status, as a result of which the business structure including main steel business and relatively diversified sectors has preliminarily taken shape.

The main steel business of Baosteel focuses on the production of hi-tech and high value-added premium steel, with an annual production capacity around 30 million tons. Baosteel's products sell well at home and abroad. Its steel industry covers three major categories: carbon steel, stainless steel and specially-alloyed steel, which are widely applied in the sectors of automobile, home appliance, petrochemical, machinery manufacture, energy & transportation, building & decoration, metal products, aviation and aerospace, nuclear power and electronic instruments, etc. While maintaining its dominance in domestic flat product market, Baosteel's products are also exported to over 40 countries and regions including Japan, South Korea, Europe and America.Baosteel underlines environmental protection, implements clean production, develops circular economy and pursues sustainable development. It is the first enterprise to pass ISO-14001 environmental certification in Chinese metallurgical sector and also the first enterprise to get the title of "National environment-friendly enterprise" in Chinese metallurgical sector and Shanghai Municipality.

Contact Details

Office Address

Baosteel Group Corporation
Baosteel Tower, Pu Dian Rd. 370
Pudong New District
Shanghai, China 200122
Phone: +86-21-5835-0000
Fax: +86-21-6840-4832

Executives

Chairman; Chairman, Baoshan Iron & Steel

Xu Lejiang

President and Director

He Wenbo

Business Reviews for Baosteel Group Corporation

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