China Baowu Steel Group Corporation Limited -Biggest China Steel company

China Baowu Steel Group Corporation Limited (hereinafter referred to as “China Baowu”), established by consolidation and restructuring of former Baosteel Group Corporation Limited and Wuhan Iron & Steel (Group) Corporation, was officially unveiled on December 1^st, 2016. On September 19^th, 2019, China Baowu consolidated and restructured with Ma Steel.

China Baowu is a pilot enterprise of state-owned capital investment companies with a registered capital of RMB52.79 billion, an asset scale of over RMB860 billion. The Company is 2nd in the list of Top 10 Steel Companies in World. One of the biggest stainless steel manufacturers in the world.

In 2019, China Baowu continued in maintaining its industrial leadership position with realized steel productivity of 95.46 million tons, gross revenue of 552.2 billion yuan, and total profits of 34.53 billion yuan. Its operation scale and profitability were ranked the first in the globe, making itself 111th among Global Fortune 500 companies.

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