The company attaches great emphasis to cultivating its innovation capacity, actively develops and applies the advanced technology for manufacturing, energy-conservation and environmental protection, and has established the marketing, processing and service network with nationwide coverage and worldwide involvement. sticks to the development roa d of “innovation, coordination, greenness, openness and sharing”, and possesses the world-renowned brand and the world first-class technical level and service capability. The IPO of the subsidiary of Baosteel Group on the Shanghai Stock Exchange in 2000 was the largest in China up to that time, raising CNY 7.7 billion despite being limited to domestic investors only.īaosteel Co., Ltd. Since Baosteel Group and Wuhan Iron and Steel Co rporation also announced targets of cutting 3.95 and 4.42 million metric tons production capacity respectively in June and July 2016, and a further cut for Baosteel Group of 2.10 million while a 3.15 million cut was already planned the final ranking may still significantly change. A plan to merge with Wuhan Iron and Steel Corporation was announced on 21–22 September 2016, which would make the combined production volume the second highest in the world (34.938 million + 25.776 million), after ArcelorMittal (97.136 million in 2015), surpassing Hesteel Group (47.745 million in 2015). It has annual revenues of around $21.5 billion, and suppliers a mix of products. Baosteel is the fifth-largest steel supplier in the world measured by crude steel output, with an annual output of around 35 million tons. ![]() ![]() is a state-o wned steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. China Baowu Steel Group – The largest steel supplier by volume in AsiaĬhina Baowu Steel Group Corp., Ltd.
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