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Sinosteel Corporation is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission.
Sinosteel is an internationally regarded corporation. There are 76 subsidiaries within the Sinosteel group. Fifty three of these subsidiaries are based in China and twenty three abroad.
The revenue from Corporation's core businesses was RMB 61 billion in 2006.
The Corporation is active in the development, mining, and processing of metallurgical mineral resources, trading, research, and logistics. It has a global sales network and logistics system and provides comprehensive auxiliary services for the steel industry, particularly steel mills.
Sinosteel is one of the state-owned enterprises that embraced China's 'Go Global' policy, 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. |
