- For another steel company headquartered in Baotou, Inner Mongolia, please refer to Baotou Steel. Baotou Iron and Steel Group, Baotou Steel or Baogang Group is a Iron and Steel State-owned enterprise in Baotou
| Shanghai Baosteel Group Corporation 上海宝钢集团公司 | |
|---|---|
| Type | Government Owned |
| Founded | 1978 |
| Headquarters |  Shanghai, China |
| Key people | Xie Qihua, Chairwoman of the Board of Directors Chen Quanxun, Chairman of the Board of Supervisors Xu Lejiang, President and Director |
| Industry | Steel |
| Products | Steel Finance Coal Processing Engineering |
| Revenue | ▲US$14. A government-owned corporation, state-owned enterprise or government business enterprise is a legal entity created by a Government to undertake commercial Shanghai ( 上[[wikt 海|海]] is the largest city in China in terms of population and one of the largest urban areas in the world with over 20 million For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated Engineering is the Discipline and Profession of applying technical and scientific Knowledge and In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 5 billion (2004) |
| Employees | 32,000 |
| Subsidiaries | Baosteel Group Finance Co. Employment is a Contract between two parties, one being the employer and the other being the employee. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Fortune Trust & Investment Co. Shanghai Baosteel Engineering & Equipment Co. Shanghai Baosight Software Co. Shanghai Baosteel Chemical Co. Shanghai Baosteel Business Development Co. Baosteel Group Enterprise Development Co. |
| Website | www.baosteel.com |
Shanghai Baosteel Group Corporation (SSE: 600019) (Chinese: 上海宝钢集团公司; pinyin: Shànghǎi Bǎogāng Jítuán Gōngsī), commonly referred to as Baosteel (Chinese: 宝钢; pinyin: Bǎogāng) is the largest Chinese iron and steel conglomerate. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The Shanghai Stock Exchange ( SSE) ( is a Chinese Stock exchange based in the city of Shanghai, with a Market capitalization Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Iron (ˈаɪɚn is a Chemical element with the symbol Fe (ferrum and Atomic number 26 Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 It is a state-owned enterprise, headquartered in Shanghai. A government-owned corporation, state-owned enterprise or government business enterprise is a legal entity created by a Government to undertake commercial Shanghai ( 上[[wikt 海|海]] is the largest city in China in terms of population and one of the largest urban areas in the world with over 20 million
Contents |
History
After the disasters of the Great Leap Forward and the Cultural Revolution, the Chinese government began to institute economic reforms in the 1970s. The Great Leap Forward ( of the People's Republic of China (PRC was an economic and social plan used from 1958 to 1960 which aimed to use China 's vast population The Great Proletarian Cultural Revolution in the People’s Republic of China was a struggle for power within the Communist Party of China that manifested into Plans called for a large integrated steel production facility to be located near the port of Shanghai. Shanghai ( 上[[wikt 海|海]] is the largest city in China in terms of population and one of the largest urban areas in the world with over 20 million The Baoshan District, a suburb of Shanghai, was chosen as the site and Japanese assistance was enlisted in constructing one of the most modern steel plants of the time. See also Baoshan The Baoshan District ( of Shanghai has a land area of 424 As the government's flagship steel company, Baoshan Iron and Steel (Chinese: 宝山钢铁（集团）公司; pinyin: Bǎoshān Gāngtiě (Jítuán) Gōngsī) as it was originally called, benefitted from acquiring the best engineers and managers, access to cutting edge technology, and receiving hefty government contracts. Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use
Baoshan Iron and Steel also benefitted from the breakneck pace of Chinese economic expansion which ravenously consumed all the steel available. However, with the continuing liberalization of the Chinese economy, Baoshan found itself in competition with new rivals, both foreign and domestic. The company decided to add an export trade marketing component to remain competitive; it scored notable success in South Korea. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Although hurt by the Asian financial crisis, Baoshan pushed through with a merger of other money losing state owned enterprises, though it had managed to remain profitable itself. The Asian Financial Crisis was a period of Financial crisis that gripped much of Asia beginning in July 1997 and raised fears of a worldwide economic meltdown ( On November 17, 1998, the former Baoshan Iron and Steel (Group) Corporation absorbed the Shanghai Metallurgical Holding Group Corporation (Chinese: 上海冶金控股（集团）公司; pinyin: Shànghǎi Yějīn Kònggǔ (Jítuán) Gōngsī) and the Shanghai Meishan Group Co. Events 284 - Diocletian is proclaimed emperor by his soldiers Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use (Chinese: 上海梅山（集团）公司; pinyin: Shànghǎi Méishān (Jítuán) Gōngsī) to form Shanghai Baosteel Group Corporation. Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use The new conglomerate was the largest steel producer in the country with annual steel production of nearly 20 million tons.
Baosteel also found partnerships with former domestic rivals in the Shougang Group and Wuhan Iron and Steel Group Corporation, entering into an alliance in 2001. In the same year Baosteel signed an agreement with ThyssenKrupp of Germany. ThyssenKrupp AG ( is a large German industrial conglomerate, with more than 200000 employees Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.
The company has ambitious plans for expansion, currently constructing a state-of-the-art facility in Zhanjiang, Guangdong, at the cost of $10 billion; it is expected to come into production by the end of the decade. Zhanjiang (湛江 French Fort-Bayard) is a Prefecture-level city in Guangdong province in southeast China. Guangdong ( EFEO: Kouangtong; Pinyin Guǎngdōng; Postal map spelling: Kwangtung) is a province on the Baosteel also intends on launching an IPO, likely in Hong Kong, on top of its current listing on the Shanghai Stock Exchange. Initial public offering (IPO, also referred to simply as a "public offering" is when a company issues Common stock or shares to the public for the first Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders The Shanghai Stock Exchange ( SSE) ( is a Chinese Stock exchange based in the city of Shanghai, with a Market capitalization
Industrial Scope
Baosteel is the 6th largest steel producer in the world, ranked by sales (see list of steel producers). This article summarizes the world Steel production by company. It is the largest steel producer in China, with a crude steel production capacity of about 20 million tons. China's total steel production for 2006 was 381. 5 million tons.
Baosteel's IPO 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.
See also
- 23. 8 Mton Shanghai Baosteel Group Corporation (China)
- 16. 1 Mton Tangshan (China)
- 14. 6 Mton Shagang Group (China)
- 12. 0 Mton Wuhan Iron and Steel (China)
- 11. 9 Mton Anshan (China)
- 10. 5 Mton Shougang (China)
- 10. 4 Mton Jinan (China)
- 10. 3 Mton Laiwu (China)
- 9. 6 Mton Maanshan (China)
Resources
External links
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