Baotou Iron & Steel Group Co., Ltd
Baotou Iron & Steel Group Co., Ltd., also known as Baosteel Group and abbreviation of BIFF is a Chinese state-owned company listed on the Shanghai and Hong Kong stock exchange. It was founded in 1998, is one of China’s largest steel producers, and has become an international large-sized enterprise ranking World No.112th with annual production of 43 million tones of steel products in 2019.
The company is headquartered in the city of Baotou, in the province of Inner Mongolia, China and has offices in Beijing, Shanghai and Dalian. It mainly produces steel products including: hot and cold rolled steel, medium and heavy plate, color coated sheet, galvanized sheet, wire, cold drawn round steel and special stainless steel. Baosteel Group is also engaged in raw material mining, coal chemical industry and green technologies.
The Baosteel Group is renowned for its highly technological and efficient production processes, which helps lower their cost and enable them to remain competitive in today’s market. As a result, the Group has become an important big supplier to many large-scale projects both domestically and internationally, such as the Shanghai Tower, Chevron LNG project, Yunnan-Vietnam gas pipeline, train line connecting the German cities of Berlin, Hamburg and Munich and Kunming-Vientiane highway.
Apart from production, the Group is also well known for its dedication to environmental sustainability. In its Baosteel Desheng conservation park, there is a total of 54 species of migratory birds visit the area to rest.
To continuously build on its commitment to the environment and safe operation of its production processes, Baosteel Group has proactively invested in its own research and development. In 2020, the Group launched an e-commerce B2B platform, wherein customers from all over the world can purchase steel products from the comfort of their own homes. The platform also serves as an e-commerce platform for the reliable selling of steel products in global markets, as well as providing strategic cooperation and technical services.
In addition to e-commerce development, the Baosteel Group has also made substantial investments in research and development in the areas of reducing pollution and harmful emissions, enhancing energy efficiency, and the production of new materials to be applied to cutting-edge technology and medical applications.
Overall, the Baosteel Group has laid a solid foundation for future growth and development. With plenty of opportunities and a strong commitment to environmental protection, the Group is certainly setting the standard for sustainability with their commitment to various innovative technologies and processes. As Baosteel continues to expand their business and influence, the Group is sure to have a lasting impact on the global steel market for years to come.
