August 28, 2016 3:15 PM 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

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: 45
Vice President
Vice secretary of CPC
Age: 56
Vice President and Standing Member of CPC Committee
Age: 53
Compensation as of Fiscal Year 2016.

Baosteel Group Corporation Key Developments

China Reportedly To Mull Mergers To Create Two State Steel Giants

China is considering a sweeping overhaul of its steel industry that would consolidate major producers into two giants, with one located in the north and another in the south, according to people familiar with the plan. He Steel Group Co., Ltd. and Shougang Corporation will be combined into Northern China Steel Group, while Baosteel Group Corporation and Wuhan Iron & Steel (Group) Corp. will be merged into Southern China Steel Group, said the people, who declined to be identified because the information is confidential.

Baosteel Denies Takeover Of Vale

Baosteel Group Corporation denies acquiring Vale S.A. (BOVESPA:VALE3). Baosteel Group announced that it has not any plan to take over Vale. The report that Baosteel would acquire Vale is groundless.

China's Biggest Steelmakers Are Planning To Merge

Wuhan Iron and Steel Group Financial House Co., Ltd. is planning to merge with Baosteel Group Corporation, said by companies listed units said in separate statements to the Shanghai stock exchange late Sunday.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 15, 2016
Baosteel Group Corporation, Industrial Gas Business and Assets
 

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