| Type | State-owned enterprise |
|---|---|
| Founded | Beijing, China (1993) |
| Headquarters | Beijing, China |
| Key people | Huang Tianwen (President) |
| Industry | metallurgical mineral resources processing |
| Website | sinosteel.com |
Sinosteel Corporation (中国中钢集团公司) is a raw material processing company founded in 1993 based in the People's Republic of China. It is the country's second largest importer of iron ore.
Contents |
Management
- Tianwen Huang - President and Secretary of the Party
- Andong Liu - Chief Accountant
- Yaqin Yang - Vice Secretary of the Party and Secretary of the Commission for Discipline Inspection
- Dianxiang Shao - Vice Secretary of the Party
- Zhimin Li - Vice President
Overview
Sinosteel operates as an iron ore importer in China. It engages in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, related engineering technical service, and equipment manufacture. The company offers ferrous metal minerals, non-metal minerals, and coke and coal; feedstock, such as scrap, pig iron, and heavy oil; steel/finished steel products, including steel/semi-finished steel products, steel wire products, and steel grating; and ferroalloys. It also provides manufacturing equipment, such as mining, rotating and sintering, iron making, and steel making and refining equipment; submerged-arch furnace; and continuous casting, rolling, carbon mechanical and electrical, and refractory manufacturing equipment. In addition, the company offers refractories for steel making industry, petrochemical industry, non-ferrous industry, cemmen industry, and glass industry. Further, it provides carbon products, electro magnetic material, and non-ferrous metals. Further more, the company offers investment development, future brokerage, tendering, goods transportation, insurance, cargo agent, storage and port and wharf services. The company has iron ore and chrome ore resource bases in Australia and South Africa. It operates in Australia, South Africa, India, Singapore, Brazil, Germany, Gabon, Cambodia, Indonesia, Vietnam, Turkey, Hong Kong, and Macao. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China.
Sinosteel completed a hostile takeover of Australian iron ore producer Midwest in 2008.[1]
Structure
Sinosteel Corporation abbreviated as Sinosteel is a central enterprise under the administration of the State-owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad. The revenue from core businesses reaches RMB 61 billion in 2006. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multi-national enterprise with clear-defined core businesses that integrate resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills.
Sinosteel is one of the state-owned enterprises that first 'Go Global' pursuing economic and technological cooperation. It has successfully established iron ore and chrome ore resource bases in Australia and South Africa, providing abundant mineral resources for the sustainable development of China.
Sinosteel possesses global-running sales network and logistic service system. It is the raw material supplier and sales-agent for major Chinese steel mills, some of which Sinosteel has entered into long-term strategic partnership. Its trading transactions in iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnesite and rare earth are in the leading position in China, which lay important influence in steel industry.
The scientific & technological companies under Sinosteel have solid research foundation and strength in the fields of geological exploration, beneficiation, heat engineering, environmental protection, refractory materials, metal products and engineering design, etc. Boasting several stand-alone intellectual property rights, they accommodate 10 state-level research centers and are qualified to carry out master and doctor education. As a result of industrialization of research findings, dozens of production lines have been established with products prevailing in domestic and international markets.
Sinosteel is qualified to undertake project engineering & purchase, construction and auxiliary supply. As the agent for many Chinese and international equipment & technology suppliers, Sinosteel provides financing and bidding services for big Chinese steel mills on technique modification and project import. Sinosteel consultancy is the only metallurgical company in China that is given exclusive investment evaluation entrusted by National Development and Reform Commission.
Sinosteel vigorously establishes internationally competitive heavy metallurgical machinery manufacture base that integrates heavy machinery research and development, core products manufacture and general and sub-project bidding, and the largest domestic manufacturing and researching & developing bases in refractory, carbon, ferroalloy with the highest comprehensive strengthes. Via improving the supporting role of its industrial enterprises, Sinosteel unceasingly promotes capabilities at providing comprehensive auxiliary services to steel industry, especially steel mills.
After dozens of years of development, Sinosteel has accumulated strong driving force. Looking into perspective, Sinosteel will fully exert its advantages. The commitment will remain that Sinosteel endeavors to establish a large group enterprise that highlights major specialized operations on the global interface supported by tech-research dynamics and extensive sales network. With all these missions bearing in mind, Sinosteel strives for a leading company of the circle, highly innovative and well managed, with clear-defined core businesses and efficient global-running system.
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External links
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