Baosteel
| Baoshan Iron & Steel Co., Ltd.
|
|
|---|---|
 |
|
| legal form | Centrally managed company |
| ISIN | CNE0000015R4 |
| founding | 2000 |
| Seat |
Shanghai , People's Republic of China
|
| management | Xu Lejiang |
| Number of employees | 130,401 (2015) |
| sales | 190 billion CNY (2013) 22.8 billion EUR |
| Branch | Steel industry |
| Website | www.baosteel.com |
The company Baoshan Iron & Steel Co., Ltd. ( Chinese 宝山 钢铁 股份有限公司 , Pinyin Bǎoshān Gāngtiě Gǔfèn Yǒuxiàn Gōngsī , or Baosteel for short) is the second largest iron and steel company conglomerate in China and the fifth largest in the world with an annual production of 34.9 million tons. The company is a state-owned company of the People's Republic of China and is headquartered in Shanghai . The company was listed in the SSE 50 share index on the Shanghai Stock Exchange .
Baoshan Iron and Steel was named after the Baoshan district in Shanghai, where the company is located.
history
The company was established on November 17, 1998 under the direction of Xie Qihua from Baoshan Iron and Steel Corporation, Shanghai Metallurgical Holding Group Corporation and Shanghai Meishan Group Co., Ltd. put together.
In 2008 Baosteel was already the third largest steel producer worldwide with an annual production of 35.4 million tons of crude steel and a turnover of 35.52 billion US dollars with a profit of 2.31 billion US dollars (2013: fourth largest steel producer with 43.9 Million t). Baosteel is increasingly investing abroad and has already participated in iron ore mines in Australia and steel companies in Brazil . In 2016, Baosteel announced the takeover of the also state-owned group Wuhan Iron and Steel , making the entire company the world's second largest steel group after ArcelorMittal .
Ownership 2005
- China Baowu Steel Group (holding under government control) - 77.89%
- Shanghai Stock Exchange 50ETF - 0.72%
- UBS Limited - 0.61%
- Goldman Sachs & Co. - 0.46%
- E-Fund 50 Index Securities Investment Funds - 0.45%
- Ping An Insurance (Group) Company of China Ltd. - 0.42%
- Citigroup Global Markets Ltd. - 0.39%
- SYWG BNP Paribas Shen Li Top Selection Securities Investment Fund - 0.36%
- Morgan Stanley & Co., International Ltd. - 0.31%
- JingFu Securities Investment Funds - 0.28%
- further free float - 18.11%
Equity investments and subsidiaries (selection) 2005
- 100% - Shanghai Baosteel International Economic & Trading Co., Ltd.
- 100% - Shanghai Baosteel Australia Mining Company PTY Ltd., Perth (Australia)
- 100% - Shanghai Baosteel Chemical Co., Ltd.
- 100% - Howa Trading Co., Ltd., Tokyo (Japan)
- 100% - Baosteel America Inc., Texas, (USA)
- 100% - Baosteel Europe GmbH, Hamburg (Germany) - since September 1993
- 100% - Baosteel Singapore PTE Ltd.
- 100% - Baosteel do Brasil LTDA
- 100% - Bao-Trans Enterprises Ltd.
- 100% - Baosteel Hong Kong Trading Company Ltd.
- 88% - Bsteel Online Co., Ltd.
- 74.01% - Shanghai Meishan Iron & Steel Co., Ltd. (Meisteel) held by Baosteel Group Shanghai Meishan Co., Ltd. and the Shanghai Baosteel Group Corporation
- 64% - Ningbo Baoxin Stainless Steel Co., Ltd.
- 60% - Suzhou Baohua Carbon Black Co., Ltd.
- 57.22% - Shanghai Baosight Software Co., Ltd.
- 53% - Anhui Wanbao Mining Co., Ltd., Chizhou
- 50% - BNA Automotive Steel Sheets Co., Ltd.
- 50% - Bao-Island Enterprises Ltd.
- 50% - Niagara Machinery Products Co., Ltd., Ottawa (Canada)
- 79.82% - Yantai Lubao Steel Tubes Co., Ltd.
- 39.37% - Baosteel Huangshi Coating and Galvanizing Co., Ltd.
See also
Web links
Individual evidence
- ↑ 2013 Annual Report Financial Statement , accessed July 13, 2015
- ↑ Converted at the rate on the balance sheet date, December 31, 2013
- ↑ Archive link ( Memento from July 19, 2016 in the Internet Archive )
- ↑ http://www.n-tv.de/wirtschaft/Baosteel-will-Wuhan-Iron-schlucken-article18682001.html