Baosteel

The company Shanghai Baosteel Group Corporation (Chinese上海 宝钢 集团公司, Pinyin Shànghǎi Bǎogāng Jituan Gongsi, in short: Baosteel ) is the second- largest Chinese iron and steel enterprises conglomerate. The company is a state owned company of the People's Republic of China and headquartered in Shanghai. The company has 50 listed on the Shanghai Stock Exchange share index SSE.

The company was founded on 17 November 1998 from the company Baoshan Iron and Steel (Group ) Corporation, the company Shanghai Metallurgical Holding Group Corporation and the company Shanghai Meishan Group Co., Ltd.. together.

Baoshan Iron and Steel was named after the Baoshan District in Shanghai, where the company is located.

Baosteel in 2008 was the third largest steel producer in the world with an annual production of 35.4 million tonnes of crude steel and a turnover of 35.52 billion U.S. dollars with a profit of 2.31 ​​billion U.S. dollars. Baosteel is increasingly investing abroad and participated already in iron ore mines in Australia and steel companies in Brazil.

Ownership in 2005

Corporate investments and subsidiaries (selection) 2005

Cooperation with German companies

Baosteel has a technology agreement with the German steelmaker ThyssenKrupp AG. Baosteel bought the degraded in Dortmund machinery of the disused Hoesch Westfalenhütte and the steel mill in Dortmund- Horde Phoenix and built the components in China for the most part back on. For the purpose of reducing to the early 2000s, several thousand Chinese workers held for months in Dortmund. Already in the late 1990s were the bodies of the Kaiserstühl plant, which was only a few years in Dortmund in operation, has also been sold to China after the TK Group decision to concentrate the steel plant activities on the Rhine.