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Revision as of 20:33, 25 July 2006
Shanghai Baosteel Group Corporation (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. It is a state-owned enterprise, headquartered in Shanghai.
History
Baosteel was set up on November 17, 1998, with the former Baoshan Iron and Steel (Group) Corporation (Chinese: 宝山钢铁（集团）公司; pinyin: Bǎoshān Gāngtiě (Jítuán) Gōngsī) as the core, and absorbing the former Shanghai Metallurgical Holding Group Corporation (Chinese: 上海冶金控股（集团）公司; pinyin: Shànghǎi Yějīn Kònggǔ (Jítuán) Gōngsī) and the former Shanghai Meishan Group Co., Ltd. (Chinese: 上海梅山（集团）公司; pinyin: Shànghǎi Méishān (Jítuán) Gōngsī).
Baoshan Iron and Steel was named after the Baoshan District of Shanghai, where it was headquartered.
Business
Baosteel has a crude steel production capacity of about 20 million tons.