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July 03, 2015 9:09 AM ET

Metals and Mining

Company Overview of Baosteel Group Corporation

Company Overview

Baosteel Group Corporation, through its subsidiaries, manufactures iron and steel products. It offers carbon steel products, including bars, heavy plates, hot rolled (HR) steel sheets, wire rods, and pipe tubes; cold rolled (CR) steel sheets; and stainless steel products. It offers die steel and bearing steel products; cold-rolled roll ingot for mill rolls and mandril; alloys for aviation and aerospace; automotive (transportation) steel products; and stainless steel for fasteners. It provides HR wear-resistant steel tubes for high-pressure boilers; cold forming HR steel for the construction machinery; chrome-free fingerprint resistant galvanization products; high magnetic induction oriented ...

Baosteel Tower

Pu Dian Road 370

Pudong New District

Shanghai,  200122

China

Founded in 1977

118,500 Employees

Phone:

86 21 5835 0000

Fax:

86 21 6840 4832

Key Executives for Baosteel Group Corporation

President, Director and Standing Member of Cpc Committee
Age: 60
Vice President and Secretary
Age: 44
Vice President
Vice secretary of CPC
Age: 55
Vice President and Standing Member of CPC Committee
Age: 52
Compensation as of Fiscal Year 2015.

Baosteel Group Corporation Key Developments

Fortescue Reportedly In Talks For Sale Of Assets In China And Japan

Fortescue Metals Group Limited (ASX:FMG) is rumored to be in discussions for a potential sale of some of its assets with parties in China and Japan. The company is known to have held discussions with Baosteel Group Corporation and several Japanese firms, and is considering selling a stake of up to 20% in some if its mines, , people with knowledge of the matter said. The company has held talks with about 10 potential Asian investors, according to the people. In a statement Fortescue stated: "Fortescue holds discussions with third parties on many issues on a regular basis and is always open to commercial discussions with current and potential partners." Fortescue confirms that it does not comment on such speculation.

Baosteel And CITIC To Invest In Fortescue

Baosteel Group Corporation and CITIC Group Corporation in talks to acquire a stake in Fortescue Metals Group Limited (ASX:FMG). Baosteel Group Corporation and CITIC had held talks with Fortescue Metals Group Limited (ASX:FMG) about an investment in Fortescue. There are no moves to take over Fortescue. Instead, the companies are interested in buying a stake or increasing an existing stake, sources said.

Viscolube and Baosteel to Build Waste Oil Re-Generation Plant in China

Viscolube and Baosteel Group plan to build a 40,000 tonne per year regeneration plant for waste lube oil in China. A greenfield 40,000 tonne/year regeneration plant usually takes two years to complete, and could cost between $50 million to $55 million to build. Viscolube's re-refined base oils are obtained through a proprietary technology involving high-pressure catalytic hydrogenation process. The company has two production facilities in Italy that can treat more than 160,000 tonnes/year of waste oil, to produce more than 100,000 tonnes/year of re-refined base oil.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 30, 2015
Ningbo Iron & Steel Co., Ltd.
Merger/Acquisition
November 28, 2014
Huatai Insurance Company Of China Limited
 

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