In collaboration with the main steel sector, the diversified sectors of Baosteel have gradually undergone the transformation from “internal” units to “market-oriented” sectors, and made solid progress in their industrial development.
In the past three years, Baosteel’s primary operation in iron and steel effectively addressed the severe market challenges and stayed ahead in the domestic industry by focusing on the areas such as improvement of industrial layout, adjustment of product mix, optimization of cost performance, technological innovation and overall competitiveness. The Baosteel people have unyieldingly strived towards this goal. Over the three years, Baosteel endeavored strenuously towards greater excellence and delivered on our solemn commitment – the ultimate value of an enterprise lies in its contributions to the social well-being.
We, the Baosteel people, rising to such challenges with our dedication and unity, managed to make breakthroughs by virtue of innovation and transformation and sustained the strong market competitiveness. Looking back on our journey over the past three years, the economic climates both at home and abroad have been extremely capricious and complicated while the iron and steel industry has been challenged by unprecedented difficulties. The year 2012 marks the conclusion of Baosteel’s Three-Year Plan 2010-2012. The 18th National Congress of the Communist Party of China has not only drawn a blueprint for the great rejuvenation of Chinese Nation, but also pointed out the direction for further development of Baosteel at its alternating period of planning. The three major credit rating agencies in the world assigned Baosteel the highest credit rating among the global comprehensive iron and steel companies. In addition, Baosteel was also awarded the honor of the “Most Admired Chinese Company” for another year, the only listed company in China’s iron and steel industry. Year 2016 continued witnessing Baosteel on the Fortune Global 500 list for the thirteenth consecutive year and ranked at the 275th place. In terms of operating performance, Baosteel keeps a top position in the domestic industry and among the leading global iron and steel enterprises. With focuses on the steel supply chain, technology chain and resources utilization chain, Baosteel has intensified its efforts to integrate internal and external resources and improve its comprehensive competitiveness and industrial status,and formed such related industrial segments as resources development and logistics, secondary steel processing, engineering technical services, coal chemical,financial investment, production services and information services, which have maintained a synergetic development with the steel business. In the sector of auto sheets, Baosteel has become the first manufacturer capable of supplying the first, second and third generation of advanced high-strength steel in the world.īound up with the development of steel business, Baosteel has also endeavored to develop diversified business in steel related industries. By the end of 2014, Baosteel had a workforce of 130,000 spreading all over the globe.Baosteel, with iron and steel as its main business, manufactures premium steel products with high technologies and a high added value and fosters three major product categories,namely carbon steel, stainless steel and special steel.Through our worldwide marketing network, these premium products not only satisfy the demand on the domestic market but are also exported to more than forty countries and regions in Asia, Africa, Europe and America, extensively applied to the industries such as automobile, household appliances,petrochemical, machinery, energy, transportation,metalwork, aeronautics and astronautics, nuclear power and electronic instruments. Upon the development in over 30 years, Baosteel has grown into one of the most competitive iron and steel company with the highest level of modernization in China.
Baosteel Group Corporation (hereinafter referred to as Baosteel)is a typical enterprise arising from China’s reform and opening, for just on December 23, 1978, the very day following the closing of “the Third Plenary Session of the CPC Eleventh Central Committee”, Baosteel Group Corporation (“Baosteel”) had its first pile driven into the earth beside the Yangtze River in the north of Shanghai, China.