Baowu

Last updated
China Baowu Steel Group
Company type State-owned enterprise
IndustrySteel
PredecessorShanghai Baosteel Group Corporation
Wuhan Iron and Steel Corporation
Founded1978;46 years ago (1978)
Headquarters Shanghai, China
Key people
Chen Derong (Chairman)
ProductsSteel, flat steel products, long steel products, wire products, plates
Revenue US$ 157.216 billion (2023) [1]
US$ 2.494 billion (2023) [1]
Total assets US$ 191.964 billion (2023) [1]
Owner Chinese Central Government (100%)
Number of employees
382,894 (2023) [1]
Parent SASAC of the State Council
Subsidiaries see list
Website www.baowugroup.com
Footnotes /references
[2]
China Baowu Steel Group Corporation Limited
Simplified Chinese 中国 宝武 钢铁 集团 有限 公司
Traditional Chinese 中國 寶武 鋼鉄 集團 有限 公司
Literal meaningChina Baowu Steel Group Limited [Liability] Corporation
Transcriptions
Standard Mandarin
Hanyu Pinyin Zhōngguó Bǎowǔ Gāngtiě Jítuán yǒuxiàn Gōngsī

Equity investments

Baosteel Group was a minority owner of Metallurgical Corporation of China Limited for 0.65% (as at 30 June 2010). [37] Excluding the investment held by the listed subsidiary Baoshan Iron and Steel, Baosteel Group owned 0.88% stake (via Hwabao Investment) in PetroChina Pipelines, the company that runs West–East Gas Pipeline. [38]

Baosteel Group, as at 31 December 2015, still owned 15.11% stake in New China Life Insurance, a listed company in both Hong Kong and Shanghai Stock Exchange, [39] as well as China Bohai Bank for 11.67% stake, [40] China Pacific Insurance for 14.17% stake. [41]

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References

general
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  2. ↑ "About Baosteel". Archived from the original on 2011-07-07. Retrieved 2009-12-11.
  3. ↑ "Contact Us." Baosteel. Retrieved on November 10, 2012. "ADD:Baosteel Tower, Pu Dian Road 370, Pudong New District, Shanghai, 200122, P.R. China Postal Code:200122" - Chinese: "上海市浦东新区浦电路370号宝钢大厦"
  4. ↑ "Fitch Revises Baowu's Outlook to Positive; Affirms IDR at 'A'" . Retrieved 2023-08-21.
  5. ↑ "Worldsteel | World crude steel output decreases by -2.8% in 2015". Archived from the original on 2017-02-02. Retrieved 2016-12-26.
  6. ↑ Sirkin, Harold L.; James W. Hemerling; and Arindam K. Bhattacharya (2008-06-11). GLOBALITY: Competing with Everyone from Everywhere for Everything. Archived 2008-09-23 at the Wayback Machine New York: Business Plus, 304. ISBN   0-446-17829-2.
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  18. ↑ Company Profile Shanghai Krupp Stainless
  19. ↑ Publisher, Stainless Steel World (2001-11-05). "Germany and China undertake joint venture". Stainless Steel World.net. Retrieved 4 June 2021.
  20. 1 2 3 Massot, Pascale (2024). China's Vulnerability Paradox: How the World's Largest Consumer Transformed Global Commodity Markets. New York, NY, United States of America: Oxford University Press. ISBN   978-0-19-777140-2.
  21. ↑ "Baosteel acquisition deal approved". www.chinadaily.com.cn. Retrieved 4 June 2021.
  22. ↑ Shen, Samuel; Cang, Alfred; Billingham, Erica (2008-06-23). "Baosteel to pay $4.2 billion for Guangdong acquisition". Reuters. Retrieved 4 June 2021.
  23. ↑ "BAOSTEEL GROUP | Iron & Steel". www.baosteel.com. Retrieved 4 June 2021.
  24. ↑ "Aquila Resources Pty Ltd (Aquila) is a privately held resources company with substantial interests in the bulk commodities of metallurgical coal and iron ore. | Aquila Resources". www.aquilaresources.com.au. Retrieved 7 April 2021.
  25. ↑ "China's Top Steel Mills Step Closer to Creating Arcelor Rival". Bloomberg. 21 September 2016. Retrieved 3 October 2016.
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  33. ↑ "China's Baowu unseats ArcelorMittal as world's top steelmaker," Nikkei Asia, retrieved 14 July 2021
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  36. ↑ "FLASH: Baowu gets Beijing approval to acquire Sinosteel Group | Mysteel". www.mysteel.net. Retrieved 2022-12-24.
  37. ↑ "2010 Interim Report" (PDF). Metallurgical Corporation of China Limited. archive of Hong Kong Stock Exchange. 24 August 2010. Retrieved 3 October 2016.
  38. ↑ "DISCLOSEABLE TRANSACTION, CONNECTED TRANSACTION" (PDF). PetroChina. archive of Hong Kong Stock Exchange. 24 December 2016. Retrieved 3 October 2016.
  39. ↑ "2015 Annual Report" (PDF). New China Life Insurance. archive of Hong Kong Stock Exchange. 17 April 2016. Retrieved 4 October 2016.
  40. ↑ "2015 Annual Report" (PDF). China Bohai Bank. 16 June 2016. Retrieved 17 October 2016.
  41. ↑ "2015 Annual Report" (PDF). China Pacific Insurance. archive of Hong Kong Stock Exchange. 27 April 2016. Retrieved 20 October 2016.
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