Baoshan Iron & Steel, or ‘Baosteel’ for short, is located in Shanghai and is the largest and most modern iron and steel complex in China. According to the ‘Guide to the World Steel Industry’ Baosteel is ranked in the top three competitive steel produces in the world. The company has become one of the main steel suppliers to the automobile, household appliance, container and pressure vessel industries. Baosteel exports to over forty countries world wide including Japna, South Korea, USA and countries in Europe.
Activities of the business include steel smelting, steel processing, power generation, industrial gas production and consultancy on technology and management. The company’s crude steel output in 1999 was 7.5 million tonnes. The majority of this was sold in the domestic market, approximately 82.8%.
Baoshan Iron & Steel is now part of China Baowu Steel Group, formed in 2016 through Baosteel's merger with Wuhan Iron & Steel and subsequent consolidation of other Chinese steelmakers. As of 2024, China Baowu was the world's largest steel producer, with approximately 130 million tonnes of crude steel output — roughly double that of its nearest rival, ArcelorMittal.
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