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{{Short description|Chinese iron and steel company}}
{{for|the steel company headquartered in Baotou|Baotou Steel}}
{{redirect2|Baosteel|Baoshan Iron and Steel|the subsidiary|Baoshan Iron and Steel Co., Ltd.}}
{{Infobox company
| name = China Baowu Steel Group
| logo = Baowu Steel Group - Logo.svg
| image = BaosteelTower0.jpg
| image_size = 200px
| image_caption = The headquarters, Baosteel Tower in [[Pudong]], [[Shanghai]]
| type = [[State-owned enterprise]]
| industry = Steel
| foundation = {{start date and age|1978}}
| predecessor = Shanghai Baosteel Group Corporation<br />[[Wuhan Iron and Steel Corporation]]
| key_people = Hu Wangming <small>([[Chairman]])</small>
| products = Steel, flat steel products, long steel products, wire products, plates
| revenue = [[US$]]157.216 billion (2023)<ref name=Financials>{{cite web |title=China Baowu Steel Group|url=https://fortune.com/company/china-baowu-steel-group/ |website=Fortune GLobal 500 |publisher=Fortune |access-date=2024-08-24}}</ref>
| operating_income = 
| net_income = US$2.494 billion (2023)<ref name=Financials />
| assets = US$191.964 billion (2023)<ref name=Financials />
| num_employees = 382,894 (2023)<ref name=Financials />
| owner = [[State Council of the People's Republic of China|Chinese Central Government]] (100%)
| parent = [[State-owned Assets Supervision and Administration Commission of the State Council]]
| subsid = see [[#Subsidiaries|list]]
| homepage = [http://www.baowugroup.com/en/ www.baowugroup.com]
| footnotes = <ref name="about baosteel">{{cite web |url = http://www.baosteel.com/group_e/02about/ShowArticle.asp?ArticleID=1384 |title = About Baosteel |access-date=2009-12-11 |url-status=dead |archive-url = https://web.archive.org/web/20110707211534/http://www.baosteel.com/group_e/02about/ShowArticle.asp?ArticleID=1384 |archive-date=2011-07-07 }}</ref>
| company_slogan = 
| location = [[Shanghai]], China
}}
{{Chinese
| title = China Baowu Steel Group Corporation Limited
| s = {{nowrap|{{linktext|中国|宝武|钢铁|集团|有限|公司}}}}
| t = {{linktext|中國|寶武|鋼鉄|集團|有限|公司}}
| p = Zhōngguó Bǎowǔ Gāngtiě Jítuán yǒuxiàn Gōngsī
| l = China Baowu Steel Group Limited [Liability] Corporation
| order = st
}}
{{Chinese
|title = Baowu
|s = {{linktext|宝|武}}
|t = {{linktext|寶|武}}
|p = Bǎowǔ
|l = [[Baoshan District, Shanghai|Baoshan]] & [[Wuhan]]
|order = st
}}

'''China Baowu Steel Group Corp., Ltd.''', commonly known as '''Baowu''', is a [[state-owned enterprise|state-owned]] iron and steel company headquartered in the Baosteel Tower in [[Pudong]], [[Shanghai]], China.<ref>"[http://www.baosteel.com/group_en/contents/2955/40215.html 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" - [http://www.baosteel.com/group/contents/1883/30564.html Chinese]: "上海市浦东新区浦电路370号宝钢大厦"</ref> The company was formed by '''Baosteel Group''' absorbing its smaller state-owned peer, [[Wuhan Iron and Steel Corporation]] in 2016. It is the world's largest steel producer.<ref>{{cite web|url=https://www.fitchratings.com/research/corporate-finance/fitch-revises-baowu-outlook-to-positive-affirms-idr-at-a-22-02-2022|title=Fitch Revises Baowu's Outlook to Positive; Affirms IDR at 'A'|access-date=2023-08-21}}</ref>

In 2015, Baowu was the [[list of steel producers|second largest steel producer in the world measured by crude steel output]], with an annual output of around 35 million tons (China's total steel production in 2015 was 803.8 million tons<ref>{{cite web |url = https://www.worldsteel.org/media-centre/press-releases/2016/--World-crude-steel-output-decreases-by--2.8--in-2015.html |title=Worldsteel &#124; World crude steel output decreases by -2.8% in 2015 |access-date=2016-12-26 |archive-url = https://web.archive.org/web/20170202084313/http://www.worldsteel.org/media-centre/Press-releases/2016/--World-crude-steel-output-decreases-by--2.8--in-2015.html |archive-date=2017-02-02 |url-status=dead }}</ref>), and employed 130,401 employees as of the end of 2012, had annual revenues of around $21.5 billion, and produces a mix of products.<ref>Sirkin, Harold L.; James W. Hemerling; and Arindam K. Bhattacharya (2008-06-11). [http://www.bcg.com/globality ''GLOBALITY: Competing with Everyone from Everywhere for Everything.''] {{webarchive|url=https://web.archive.org/web/20080923010617/http://www.bcg.com/globality |date=2008-09-23 }} New York: Business Plus, 304. {{ISBN|0-446-17829-2}}.</ref> In 2019, the company closed the gap with ArcelorMittal reaching 95.47 million tons of steel, and hitting $78 billion in revenues,<ref name="fortune">{{cite web |title=China Baowu Steel Group {{!}} 2020 Global 500 |url=https://fortune.com/company/china-baowu-steel-group/global500/ |website=Fortune |access-date=7 April 2021 |language=en }}</ref> with 195,434 employees.<ref name="statisa">{{cite web |title = China: Baowu Steel Group number of employees 2014-2019 |url = https://www.statista.com/statistics/1078058/china-baowu-steel-group-number-of-employees/ |website=Statista |access-date=7 April 2021 |language=en }}</ref>

According to [[World Steel Association]] (Chinese companies data were provided by [[China Iron and Steel Association]]), the corporation was ranked the 5th in 2015 the world ranking by production volume (2nd in China for 34.938 million metric tons).<ref>{{cite web |url = https://www.worldsteel.org/statistics/top-producers.html |title=World Steel Association - Top steel-producing companies |access-date=2016-07-26 |url-status=dead |archive-url = https://web.archive.org/web/20160719102615/http://www.worldsteel.org/statistics/top-producers.html |archive-date=2016-07-19 }}</ref> A plan to merge with Wuhan Iron and Steel Corporation was announced on 21–22 September 2016,<ref>{{cite news |url = https://www.ft.com/content/b01a1d28-7fbf-11e6-bc52-0c7211ef3198 |title = China deal to create world's second-largest steelmaker |website = Financial Times |date = 21 September 2016 }}</ref> which would make the combined production volume the second highest in the world (34.938 million + 25.776 million), after [[ArcelorMittal]] (97.136 million in 2015), surpassing [[Hesteel Group]] (47.745 million in 2015). Since Baosteel Group and Wuhan Iron and Steel Corporation also announced targets of cutting 3.95 and 4.42 million metric tons production capacity respectively in June<ref>{{cite web |url = http://www.baosteel.com/group/contents/4849/93037.html |title = 化解钢铁过剩产能公告 |date=30 June 2016|access-date=4 October 2016|publisher=Baosteel Group|language=zh}}</ref> and July 2016,<ref>{{cite web |url = http://www1.wisco.com.cn/u/cms/wisco/201607/07151725ds6q.pdf |title =武汉钢铁(集团)公司关于化解过剩产能实施脱困发展的公告 |date=7 July 2016 |access-date=3 October 2016 |publisher = Wuhan Iron and Steel Corporation |archive-url = https://web.archive.org/web/20161012220203/http://www1.wisco.com.cn/u/cms/wisco/201607/07151725ds6q.pdf |archive-date = 12 October 2016 |url-status=dead }}</ref> and a further cut for Baosteel Group of 2.10 million while a 3.15 million cut was already planned<ref>{{cite web |url = http://www.baosteel.com/group/contents/4698/93554.html |title = 宝钢实施全方位结构调整和转型升级 |date = 19 August 2016 |access-date = 4 October 2016 |publisher = Baosteel Group |language = zh-CN }}</ref> the final ranking may still significantly change.

The [[IPO]] of the subsidiary of Baosteel Group on the [[Shanghai Stock Exchange]] in 2000 was the largest in China up to that time, raising CNY 7.7 billion despite being limited to domestic investors only.<ref>{{cite web |url = https://news.bbc.co.uk/2/hi/business/1009909.stm |title = China's Baosteel heads for stock market |date = 6 November 2000 |access-date = 3 October 2016 |publisher=BBC }}</ref>

== History ==
===Baoshan Iron and Steel===
In 1978, as part of the Chinese government's [[reform and opening]], Chinese [[paramount leader]] [[Deng Xiaoping]] sought to develop large-scale steel production in China.<ref name=":0">{{Cite news|last=Yap|first=Chuin-Wei|date=2018-12-24|title=How China Built a Steel Behemoth and Convulsed World Trade|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/how-china-built-a-steel-behemoth-and-convulsed-world-trade-11545668295|url-status=live|access-date=2021-01-25|archive-url=https://web.archive.org/web/20210125221639/https://www.wsj.com/articles/how-china-built-a-steel-behemoth-and-convulsed-world-trade-11545668295|archive-date=2021-01-25|issn=0099-9660}}</ref> The government planned for a large integrated steel production facility to be located near the port of [[Shanghai]], in [[Baoshan District, Shanghai|Baoshan District]], a suburb of Shanghai.<ref name=":0" /> In 1978, a delegation from the Chinese government, including Deng Xiaoping himself, visited a steel mill operated by [[Nippon Steel]] to learn how to construct such a large facility.<ref name=":0" /> As the government's flagship steel company, '''Baoshan Iron and Steel''' '''(Baogang)''' as it was originally called, benefitted from acquiring the engineers and managers, access to technology, and receiving government contracts.<ref>{{cite journal |last1=Freund |first1=Elizabeth M. |title=Privatized Labor in Socialist Enterprises: China's Baoshan Iron and Steel Works |journal=Asian Affairs |date=1996 |volume=23 |issue=3 |pages=176–186 |doi=10.1080/00927678.1996.9933728 |jstor=30172402 |url=https://www.jstor.org/stable/30172402 |access-date=4 June 2021 |issn=0092-7678|url-access=subscription }}</ref>

Initially, the firm limited its exports to just 10% of steel production, hoping to fulfill domestic demand.<ref name=":0" /> Baoshan Iron and Steel served the [[light industry]] base around Shanghai.<ref name=":0222" />{{Rp|page=267}}

In the 1980s, Baoshan Iron and Steel supplanted [[Ansteel Group|Angang]] as China's largest steel producer.<ref name=":0222">{{Cite book |last=Hirata |first=Koji |title=Making Mao's Steelworks: Industrial Manchuria and the Transnational Origins of Chinese Socialism |date=2024 |publisher=[[Cambridge University Press]] |isbn=978-1-009-38227-4 |series=Cambridge Studies in the History of the People's Republic of China series |location=New York, NY |doi=10.1017/9781009382281}}</ref>{{Rp|page=267}}

Baoshan Iron and Steel also benefitted from the Chinese economic expansion which consumed all the steel available.{{Citation needed|date=January 2021}} However, with the continuing liberalization of the Chinese economy, Baoshan found itself in competition with new rivals, both foreign and domestic.{{Citation needed|date=January 2021}} By the late 1990s, the company removed its cap on steel exports;<ref name=":0" /> it scored notable success in [[South Korea]].{{Citation needed|date=January 2021}} Although hurt by the [[Asian financial crisis]], Baoshan pushed through with a merger of other money losing state owned enterprises, though it had managed to remain profitable itself.{{Citation needed|date=January 2021}}

===Baosteel Group===
Through the policy of [[grasping the large, letting go of the small]], the company was among the large [[State-owned enterprises of China|state-owned enterprises]] to be strengthened through mergers and government support, with the goal of turning it into a [[National champions|national champion]].<ref name=":022">{{Cite book |last=Borst |first=Nicholas |title=The Bird and the Cage: China's Economic Contradictions |date=2025 |publisher=[[Palgrave Macmillan]] |isbn=978-981-96-3996-0 |location=}}</ref>{{Reference page|pages=34-35}} On November 17, 1998, the former '''Baoshan Iron and Steel (Group) Corporation''' absorbed the Shanghai Metallurgical Holding Group Corporation (上海冶金控股集团公司) and the [[Shanghai Meishan Group]] (上海梅山集团公司) to form '''Shanghai Baosteel Group Corporation'''. The new conglomerate was the largest steel producer in the country with annual steel production of nearly 20 million tons. Since then, the strategy of Baosteel Group has been to expand production capacity in iron and steel, achieve vertical integration along the value chain, and acquire related industries.<ref name="chm">{{cite book |last1=Larcon |first1=Jean-Paul |title=Chinese Multinational |date=22 October 2008 |publisher=World Scientific Publishing Company |isbn=9789814338431 |pages=5–6}}</ref>

In 1997, a subsidiary of Shanghai Metallurgical Holding, the former Shanghai No.3 Iron and Steel Plant, Shanghai Pudong Iron and Steel, formed a joint venture with [[ThyssenKrupp]] of Germany, as Shanghai Krupp Stainless.<ref>[http://www.skschina.com/en/company.html Company Profile] Shanghai Krupp Stainless</ref> It followed the parent company to become a subsidiary of Baosteel Group in 1998.<ref>{{cite web |last1=Publisher |first1=Stainless Steel World |title=Germany and China undertake joint venture |url=https://stainless-steel-world.net/germany-and-china-undertake-joint-venture/ |website=Stainless Steel World.net |access-date=4 June 2021 |date=2001-11-05}}</ref>

In 2000, a subsidiary [[Baosteel (subsidiary)|Baoshan Iron & Steel Co., Ltd.]] was formed to list a portion of the group on the [[Shanghai Stock Exchange]], while Shanghai No.1st, 2, 3 and 5 Iron and Steel Plants of the group were remaining unlisted. In 2004, the listed subsidiary acquired [[Meishan Iron and Steel]] from Baosteel Group (via Shanghai Meishan Group).<ref name="chm"/>

Baosteel took over the benchmark negotiations in the global [[iron ore]] market in 2006.<ref name=":02">{{Cite book |last=Massot |first=Pascale |title=China's Vulnerability Paradox: How the World's Largest Consumer Transformed Global Commodity Markets |date=2024 |publisher=[[Oxford University Press]] |isbn=978-0-19-777140-2 |location=New York, NY, United States of America |pages=}}</ref>{{Rp|page=31}} At that time, the global iron ore market had been subject to a benchmark pricing regime set by the three largest producers ([[Rio Tinto (corporation)|Rio Tinto]], [[Vale S.A.]], and [[BHP|BHP Billiton]]) and the largest importer (which had been Japanese importers prior to 2006).<ref name=":02" />{{Rp|page=41}} In 2009, it was replaced as the lead negotiator by [[China Iron and Steel Association]].<ref name=":02" />{{Rp|page=109}} The benchmark pricing system ended in 2010.<ref name=":02" />{{Rp|page=41}}

In 2007 Baosteel Group acquired the majority stake of [[Xinjiang Ba Yi Iron and Steel#Ba Yi Iron and Steel Group|Xinjiang Ba Yi Iron and Steel Group]], which was the parent company of Ba Yi Iron and Steel [Company Limited by Shares].<ref>{{cite web |title=Baosteel acquisition deal approved |url=http://www.chinadaily.com.cn/bizchina//2007-08/01/content_6006440.htm |website=www.chinadaily.com.cn |access-date=4 June 2021}}</ref>

In 2008 Baosteel Group expended in Southern China, which planned to build a new facility in [[Zhanjiang]], [[Guangdong]], which formally started by its subsidiary Baoshan Iron & Steel in 2012, by acquiring 71.8032% stake of Zhanjiang Iron and Steel for CNY4.976 billion from State-owned Assets Supervision and Administration Commission of Guangzhou City.<ref name="reuters">{{cite web |last1=Shen |first1=Samuel |last2=Cang |first2=Alfred |last3=Billingham |first3=Erica |title=Baosteel to pay $4.2 billion for Guangdong acquisition |url=https://www.reuters.com/article/us-baosteel-parent-acquisition-idUSSHA21729220080623 |website=Reuters |access-date=4 June 2021 |language=en |date=2008-06-23}}</ref>

In 2011, Baosteel Group acquired 51% stake of [[Shaoguan Iron and Steel|Guangdong Shaoguan Iron and Steel Group]] from SASAC of Guangdong Government. In April 2012, Shaoguan Iron and Steel Co, Ltd. was established.<ref>{{cite web |title=BAOSTEEL GROUP {{!}} Iron & Steel |url=https://www.baosteel.com/group_en/contents/2763/36204.html |website=www.baosteel.com |access-date=4 June 2021}}</ref>

Boasteel owns the 85% of held resources company Aquila Resources Pty Ltd, through Baosteel Resources.<ref name="Aquila">{{cite web |title=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 |url=https://www.aquilaresources.com.au/ |website=www.aquilaresources.com.au |access-date=7 April 2021}}</ref>

Boasteel developed a sales and distribution network in China and foreign countries. Boasteel overseas subsidiaries controls key minerals resources for steel production, such as the Majishan ore terminal in the port of [[Zhoushan]].<ref name="chm"/> Baosteel also invested in steel-related industries such as Baoxin Software and Baosteel Chemical.<ref name="chm"/>

===Baowu ===
On 21–22 September 2016, a plan to merge Baosteel Group and fellow state-owned steel maker [[Wuhan Iron and Steel Corporation]] was announced. [[Baoshan Iron and Steel Company Limited]], the listed portion of Baosteel Group would takeover the counterpart [[Wuhan Iron and Steel Company Limited]] in an all-share deal,<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2016-09-20/china-to-proceed-with-biggest-steel-merger-in-almost-a-decade|title= China's Top Steel Mills Step Closer to Creating Arcelor Rival |date=21 September 2016|access-date=3 October 2016|publisher=Bloomberg}}</ref> while the rights of [[Wuhan Iron and Steel Corporation]] would be transferred to Baosteel Group for free as a wholly owned subsidiary. Both  Baosteel Group and Wuhan Iron and Steel Corporation were supervised by [[State-owned Assets Supervision and Administration Commission of the State Council|SASAC of the Central Government]]. As of December 2016, the name of the new group is '''China Baowu Steel Group Corporation'''.<ref>{{Cite web|url=https://www.moodys.com/research/Moodys-says-China-Baowu-Steel-nears-full-merger-with-Wuhan--PR_359141|title=Announcement: Moody's says China Baowu Steel nears full merger with Wuhan Steel; no rating impact|date=6 December 2016 |publisher=Moody's|access-date=January 25, 2017}}</ref> It is now the second largest steel producer in the world, with assets estimated to be worth around 730 billion [[Renminbi|Yuan]],<ref>{{Cite web|url=http://www.economiccalendar.com/2017/01/22/chinas-steel-reform-shifts-into-higher-gear/|title=China's Steel Reform Shifts Into Higher Gear|last=Levit|first=Donald|date=January 22, 2017|publisher=Economic Calendar|access-date=January 25, 2017|archive-url=https://web.archive.org/web/20170123111339/http://www.economiccalendar.com/2017/01/22/chinas-steel-reform-shifts-into-higher-gear/|archive-date=January 23, 2017|url-status=dead}}</ref> employing 228,000 employees and expected annual sales revenues of 330 billion Yuan ([[United States dollar|$]]47.9 billion).<ref>{{Cite web|url=https://www.steelorbis.com/steel-news/latest-news/china-baowu-steel-group-officially-established-961443.htm|title=China Baowu Steel Group officially established|date=December 5, 2016|publisher=Steel Orbis|access-date=January 25, 2017}}</ref>

In early 2016, Baosteel Group was accused by [[US Steel Corporation|US Steel Corp]]. of stealing commercial secrets. Baosteel rejected these allegations, stating that "In particular, the charges claiming that Baosteel stole commercial secrets from U.S. Steel is rootless speculation and subjective assumption, and could even be described as an absurd statement".<ref>{{Cite web|url=https://www.reuters.com/article/us-china-baosteel-reaction-idUSKCN0XQ0U6|title=China's Baosteel Group says U.S. Steel accusations groundless|date=April 29, 2016|publisher=Reuters|access-date=January 25, 2017}}</ref> The [[United States International Trade Commission]] launched a probe into these allegations in May 2016. Next to Baosteel, [[Hebei Iron and Steel Group Company|Hebei Iron and Steel Group]], [[Wuhan Iron and Steel Co., Ltd.]], [[Maanshan Iron and Steel Company Limited]], [[Anshan iron and steel group|Anshan Iron and Steel Group]] and [[Jiangsu Shagang Group Company Limited|Jiangsu Shagang Group]] are also under investigation.<ref>{{Cite web|url=https://www.reuters.com/article/us-usa-china-steel-idUSKCN0YH2KX|title=U.S. panel launches trade secret theft probe into China steel|date=May 29, 2016|publisher=Reuters|access-date=January 25, 2017}}</ref> In February 2017, US Steel dropped the claim of trade secret theft because of a lack of evidence, and in October 2017, the United States International Trade Commission dismissed the anti-circumvention allegation. In March 2018, it additionally dismissed the antitrust claims, again because of a lack of evidence, and ended the investigation.<ref>{{cite web |last1=Wu |first1=Wendy |title='A victory for Chinese steel and US law': why a lawyer thinks Chinese companies can put faith in the American legal system |url=https://www.scmp.com/news/china/diplomacy-defence/article/2153382/victory-chinese-steel-and-us-law-why-lawyer-thinks |website=South China Morning Post |date=3 July 2018 |access-date=23 September 2021}}</ref>

In 2019, China Baowu Steel Group acquired 51% stake of [[Masteel Group]] from the SASAC of [[Anhui Provincial People's Government]] for free. The acquisition also included the indirect controlling stake of the list company [[Maanshan Iron and Steel Company Limited]].<ref>{{cite news|url=https://www.yicai.com/news/100210514.html|title=Zhōngguó bǎowǔ "wúcháng" shōugòu mǎgāng gāngtiěyè jiānbìng chóngzǔ tísù|script-title=zh:中国宝武“无偿”收购马钢 钢铁业兼并重组提速|date=3 June 2019|access-date=18 June 2019|work=第一财经 (Yicai)|language=zh-cn|location=Shanghai}}</ref> 

By 2020 the company had become the largest steel manufacturer in the world by volume.<ref>[https://asia.nikkei.com/Business/Materials/China-s-Baowu-unseats-ArcelorMittal-as-world-s-top-steelmaker "China's Baowu unseats ArcelorMittal as world's top steelmaker,"] Nikkei Asia, retrieved 14 July 2021</ref>

In 2022, Baowu acquired fellow state-owned enterprise [[Sinosteel]].<ref>{{Cite web |title=China's Baowu Steel absorbs Sinosteel in state-backed deal |url=https://asia.nikkei.com/Business/Business-deals/China-s-Baowu-Steel-absorbs-Sinosteel-in-state-backed-deal |archive-url=https://archive.today/20221224212041/https://asia.nikkei.com/Business/Business-deals/China-s-Baowu-Steel-absorbs-Sinosteel-in-state-backed-deal |archive-date=2022-12-24 |access-date=2022-12-24 |website=Nikkei Asia |language=en-GB}}</ref><ref>{{Cite web |title=China Baowu Steel Officially Takes Over Sinosteel - Caixin Global |url=https://www.caixinglobal.com/2022-12-22/china-baowu-steel-officially-takes-over-sinosteel-101980524.html |access-date=2022-12-24 |website=www.caixinglobal.com |language=en}}</ref><ref>{{Cite web |title=FLASH: Baowu gets Beijing approval to acquire Sinosteel Group {{!}} Mysteel |url=https://www.mysteel.net/news/all/5034726-flash-baowu-gets-beijing-approval-to-acquire-sinosteel-group |access-date=2022-12-24 |website=www.mysteel.net}}</ref>

==Subsidiaries==
*Steel plants
** [[Baosteel (subsidiary)|Baoshan Iron and Steel]] ({{sse|600019|nocat}})
*** [[Baosight Software]]
*** [[Meishan Iron and Steel|Shanghai Meishan Iron and Steel]] (77.04%)
*** [[Wuhan Iron and Steel Company]] (100%)
*** Zhanjiang Iron and Steel 
** Shanghai First Iron and Steel Co., Ltd.
** Shanghai Second Iron and Steel Co., Ltd.
** Shanghai Pudong Iron and Steel Co., Ltd.
** Shanghai Fifth Iron and Steel Co., Ltd.
** [[Shaoguan Iron and Steel|Guangdong Shaoguan Iron and Steel]] (51%)
*** [[SGIS Songshan]] Co., Ltd. (53.37%, {{SZSE|000717}})
** [[Wuhan Iron and Steel Corporation]] (100%)
*** Guangxi Iron and Steel Group (100%)
** [[Xinjiang Ba Yi Iron and Steel#Ba Yi Iron and Steel Group|Xinjiang Ba Yi Iron and Steel Group]] (76.93%)
*** [[Xinjiang Ba Yi Iron and Steel]] (50.02%, {{sse|600581|nocat}})
* Mining conglomerate
** [[Meishan Iron and Steel#Shanghai Meishan Group|Shanghai Meishan Co., Ltd.]] (100%)
** [[Sinosteel]] (100%)
** [[Tibet Mineral Development]]
* Financial companies
** Hwabao Investment (100%)
** Fortune Investment (100%)
* Others
** Guangdong Iron and Steel Group (100%)
{{expand list|date=October 2016}}

==Equity investments==
Baosteel Group was a minority owner of [[Metallurgical Corporation of China Limited]] for 0.65% (as at 30 June 2010).<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2010/0824/LTN20100824643.pdf|title=2010 Interim Report|date=24 August 2010|access-date=3 October 2016|work=Metallurgical Corporation of China Limited|publisher=archive of Hong Kong Stock Exchange}}</ref> 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]].<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2015/1224/LTN20151224569.pdf|title=DISCLOSEABLE TRANSACTION, CONNECTED TRANSACTION|date=24 December 2016|access-date=3 October 2016|work=PetroChina|publisher=archive of Hong Kong Stock Exchange}}</ref>

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,<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0421/LTN20160421543.pdf|title=2015 Annual Report|date=17 April 2016|access-date=4 October 2016|work=New China Life Insurance|publisher=archive of Hong Kong Stock Exchange}}</ref> as well as [[China Bohai Bank]] for 11.67% stake,<ref>{{cite web|url=http://www.cbhb.com.cn/bhbank/S101/attach/2015ywnb.pdf|title=2015 Annual Report|date=16 June 2016|access-date=17 October 2016|publisher=China Bohai Bank}}</ref> [[China Pacific Insurance]] for 14.17% stake.<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0427/LTN201604271626.pdf|title=2015 Annual Report|date=27 April 2016|access-date=20 October 2016|work=China Pacific Insurance|publisher=archive of Hong Kong Stock Exchange}}</ref>

== References ==
;general
* [http://www.fundinguniverse.com/company-histories/Shanghai-Baosteel-Group-Corporation-Company-History.html Detailed History of Baosteel]
;specific
{{Reflist|30em}}

== External links ==
{{Portal|Companies}}
* {{Official website|http://www.baosteel.com|Baosteel official website}}
* {{Official website|http://en.baointl.com/|Baosteel International official website}}

{{Steel companies of the People's Republic of China}}
{{authority control}}

[[Category:Baowu| ]]
[[Category:Steel companies of China]]
[[Category:Chinese brands]]
[[Category:Companies owned by the central government of China]]
[[Category:Manufacturing companies based in Shanghai]]
[[Category:1978 establishments in China]]
[[Category:Manufacturing companies established in 1978]]
[[Category:1978 in Shanghai]]