China Baowu Steel Group Corporation Limited


China Baowu Steel Group Corporation Limited (hereinafter referred as “China Baowu”), combined by Baosteel Group Corporation and Wuhan Iron & Steel (Group) Corporation, was officially announced on December 1st, 2016. The registered capital for China Baowu is about  52.79 billion RMB and the yearly production capacity is about 70 million tons.


China Baowu currently has owned 228,000 staffs, its total assets is about 73 billion RMB and its operation revenue is 33 billion RMB. In 2015, China Baowu ranked 123th among Global Fortune 500 companies. Besides, its yearly production amount of crude steel ranked first in China andsecond in the world, which only after the ArcelorMittal. Particularly, China Baowu adopts the operation model of “2 headquarters”, one is located in Shanghai and another is located in Wuhan, which is the first operation model for the state-owned steel enterprises in China. Wuhan Headquarter is mainly responsible for the steel production in Qingshan Steel Base, Egang Steel Baseand Kunming Steel Base; Shanghai Head quarter is responsible for the management of BAOSTEEL, Shaoguan Steel, Bayi Boiler and stainless steel in BAOSTEEL.


Since its establishment, China Baowu focuses on environmental protection and promote clean & green production. In addition, China Baowu has held the certificates of ISO9001 quality system management, ISO14001 environmental management system and ISO18001 occupation health safety management system. The main business scope of China Baowu includes mild steel (carbon steel), special steel, stainless steel and steel materials processing, serving for the fields of auto, machinery, military, home appliances, power, electricity, vessel, offshore engineering, etc. In the pursuit of international win-win cooperation and global allocation of mineral resources, China Baowu focuses on providing customers with high-quality products and value-added services such as minerals, coals, alloys, nonferrous metals, raw materials for stainless steel, steel scraps, logistics, etc. Meanwhile, China Baowu has set long-term strategic cooperation about iron ores with suppliers in Australia, Brazil, India, Chile and South Africa. China Baowu also cooperates with producers home and abroad for coal-manufacturing; establishes production base for nickel iron in China and jointly-found Baowei Resources Co., Ltd in India for processing chrome iron; has production base for processing steel scraps in Shanghai, Zhejiang province and Jiangsu province.


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China Baowu Steel Group Corporation Limited (hereinafter referred as “China Baowu”), combined by Baosteel Group Corporation and Wuhan Iron & Steel (Group) Corporation, was officially announced on December 1st, 2016. The registered capital for China Baowu is about  52.79 billion RMB and the yearly production capacity is about 70 million tons.


China Baowu currently has owned 228,000 staffs, its total assets is about 73 billion RMB and its operation revenue is 33 billion RMB. In 2015, China Baowu ranked 123th among Global Fortune 500 companies. Besides, its yearly production amount of crude steel ranked first in China andsecond in the world, which only after the ArcelorMittal. Particularly, China Baowu adopts the operation model of “2 headquarters”, one is located in Shanghai and another is located in Wuhan, which is the first operation model for the state-owned steel enterprises in China. Wuhan Headquarter is mainly responsible for the steel production in Qingshan Steel Base, Egang Steel Baseand Kunming Steel Base; Shanghai Head quarter is responsible for the management of BAOSTEEL, Shaoguan Steel, Bayi Boiler and stainless steel in BAOSTEEL.


Since its establishment, China Baowu focuses on environmental protection and promote clean & green production. In addition, China Baowu has held the certificates of ISO9001 quality system management, ISO14001 environmental management system and ISO18001 occupation health safety management system. The main business scope of China Baowu includes mild steel (carbon steel), special steel, stainless steel and steel materials processing, serving for the fields of auto, machinery, military, home appliances, power, electricity, vessel, offshore engineering, etc. In the pursuit of international win-win cooperation and global allocation of mineral resources, China Baowu focuses on providing customers with high-quality products and value-added services such as minerals, coals, alloys, nonferrous metals, raw materials for stainless steel, steel scraps, logistics, etc. Meanwhile, China Baowu has set long-term strategic cooperation about iron ores with suppliers in Australia, Brazil, India, Chile and South Africa. China Baowu also cooperates with producers home and abroad for coal-manufacturing; establishes production base for nickel iron in China and jointly-found Baowei Resources Co., Ltd in India for processing chrome iron; has production base for processing steel scraps in Shanghai, Zhejiang province and Jiangsu province.


 

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