Company News: Baosteel Group
Updated: 10 Nov 2010
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Enterprises Group and Shaoguan Iron & Steel Group to set up Guangdong Iron & Steel Group Corporation to eliminate the outdated capacity and prepare the construction of Zhanjiang Iron & Steel Manufacture Base.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.
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Enterprises Group and Shaoguan Iron & Steel Group to set up Guangdong Iron & Steel Group Corporation to eliminate the outdated capacity and prepare the construction of Zhanjiang Iron & Steel Manufacture Base.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.
Business Category Exploration; Mining
Regions of Operation Central and Northern Asia
Web: www.baosteel.com
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Baosteel Tower, Pu Dian Road 370
- Pudong New District
- Shanghai
- 200122
- China
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