Baosteel Group Co., Ltd. (hereinafter referred to as Baosteel), known as the product of China’s reform and opening up, officially started construction on December 23, 1978. After more than 30 years of development, Baosteel has become one of the most modern and competitive iron and steel conglomerates. As of the end of 2013, Baosteel had a total of 130,962 employees.
Baosteel’s main business is iron and steel, forming three major product series: carbon steel, stainless steel, and special steel, which are used in industries such as automobiles, home appliances, petrochemicals, machinery manufacturing, energy transportation, metal products, aerospace, nuclear power, and electronic instruments.
Baosteel’s diversified industries focus on the steel supply chain, technology chain, and resource utilization chain, forming resource development and logistics, extended steel processing, engineering, and technical services, coal chemical industry, financial investment, production services and other related industry sectors. Coordinated development.
In 2013, Baosteel stainless achieved a sales revenue of 303.1 billion yuan and a total profit of 10.1 billion yuan, ranking third in the world’s steel industry in terms of profitability. The main steel industry has completed a steel output of 45.04 million tons, ranking fourth in the world’s steel companies.
In 2014, Baosteel stainless entered the Fortune 500 list of the US for the eleventh consecutive year, ranking 211th, and was successively elected as the most admired Chinese company, becoming the only company on the list in China’s steel industry. Three major rating agencies, Standard & Poor’s, Moody’s, and Fitch, gave Baosteel the best credit rating among globally integrated steel companies. Baosteel stainless Group has also won the China Charity Award, the highest government award in China’s public welfare field, for the fifth consecutive year.
In 2013, Baosteel stainless implemented a new round of development plans. Looking forward to the future, Baosteel will realize the overall global most competitive strategic goal and become a sincere, friendly, creative, and socially respected global outstanding enterprise.