China Baowu was jointly reorganized by the former Baosteel Group Co., LTD and Wuhan Iron and Steel (Group) Co., LTD.

China Baowu was jointly reorganized by the former Baosteel Group Co., LTD and Wuhan Iron and Steel (Group) Co., LTD. It was inaugurated on December 1, 2016. Chinese treasure force the “aircraft carrier” steel is put forward, at the start of the sail as pilot enterprises of the state-owned capital investment company, will be based on the function orientation of state-owned capital investment company, gradually to “capital” transformation, development in system and mechanism innovation, professional companies, professional manager system, “slim body”, deepen the reform carry mass transfer efficiency, etc.

The development history of China Baowu is a history of joint restructuring, integration and integration. With an open and inclusive mind, China Baowu bravely undertakes the mission of becoming a steel power and serving the country. It has successively absorbed iron and steel enterprises such as Eight Iron and Steel, Shaosteel, Masteel, Tisco, Chongqing Iron and Steel, Kunming Iron and Steel, and achieved the strategic goal of “100 million tons of Baowu” in advance. In 2020, The output of China Baowu Steel exceeded 100 million tons, ranking first in crude ste output of global steel enterprises.

In the “three steps” of merger and reorganization of China Baowu, “integration” is the key, and professional integration is the characteristic way that China Baowu explores. Under the guidance of the strategic business layout of “one base and five yuan”, and in accordance with the principle of “five in a batch” and “one industry and one enterprise, one enterprise and one industry”, vertical promotion of the integration and optimization of the upstream and downstream of the industrial chain, horizontal integration of similar business assets, reduce homogeneous operation, repetitive construction and disorderly competition, integration, exit, acquisition… With the help of market means, with “extreme specialization” to pursue the advantage of the subdivision of the field, spawned a “singles champion” “singles expert”. The tar processing capacity of Baowu Carbon industry ranks the first in China, and baowu Environmental Science has formed the world’s largest production capacity of metallurgical non-metallic products. Baosteel metal is actively engaged in overseas markets. Baowu Water, Baowu Zhiwei, Baowu Qingneng, Baowu Heavy Industry, Ouye Industrial Products…… With the establishment of professional companies and the construction of professional platforms, the three-level management structure of “separate operation and hierarchical management” with clear responsibilities, streamlined and efficient operation and professional operation has been preliminarily formed, laying a solid foundation for the construction of China Baowu State-owned capital Investment Company.

Post time: Jun-21-2022