Baosteel

Business focus

Heavy Industry, Machinery & Chemicals

Description

Founded in 1978 in Shanghai's Baoshan district, Baosteel merged with Wuhan Iron and Steel in 2016 to form China Baowu Steel Group, now the world's largest steel producer. Group revenue reached roughly US$157 billion in 2023, with assets near US$192 billion and over 380,000 employees. A state-owned enterprise headquartered in the Baosteel Tower in Pudong, it supplies flat steel products to the automotive, shipbuilding, and energy sectors worldwide.