Shagang
沙钢集团
Heavy Industry, Machinery & ChemicalsZhangjiagang · Yangtze River Delta
Business focus
Heavy Industry, Machinery & Chemicals
Description
Jiangsu Shagang Group (沙钢集团) is China's largest privately owned steelmaker, founded in 1975 in Zhangjiagang, Jiangsu, with initial capital of just 450,000 yuan. A 2008 ACFIC survey named it China's largest private company. It runs steel plants in Jiangsu and Henan. On the 2026 Fortune China 500 list it ranked 109th, with revenue of roughly $37 billion, producing steel products under the Shagang brand.