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Baosteel

Company nameShanghai Baosteel Group Corporation
上海宝钢集团公司
Company typeGovernment Owned
IndustrySteel
Founded(1978)
HeadquartersShanghai, China
Key peopleXu Lejiang
Chairman
ProductsSteel
Finance
Coal Processing
Engineering
Revenue(+)US$ 21.7 billion (2009)
Employees108914
SubsidiaryBaosteel Group Finance Co.
Fortune Trust & Investment Co.
Shanghai Baosteel Engineering & Equipment Co.
Shanghai Baosight Software Co.
Shanghai Baosteel Chemical Co.
Shanghai Baosteel Business Development Co.
Baosteel Group Enterprise Development Co.

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:For another steel company headquartered in Baotou, Inner Mongolia, please refer to Baotou Steel.Shanghai Baosteel Group Corporation (SSE - 600019) ( ), commonly referred to as Baosteel ( ) is a state-owned iron and steel company headquartered in Shanghai, China.

Baosteel is the second-largest steel producer in the world measured by crude steel output (after ArcelorMittal), with an annual output of around 20 million tons (China's total steel production in 2006 was 381.5 million tons). It employs around 109,000 employees, has annual revenues of around $21.5 billion and produces a mix of high-quality products.

Baosteel's IPO on the Shanghai Stock Exchange in 2000 was the largest in China up to that time, raising CNY 7.7 billion despite being limited to domestic investors only.


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