Sinosteel Corporation (S: 中国中钢集团公司, T: 中國中鋼集團公司, P: Zhōngguó Zhōnggāng Jítuán Gōngsī) is a state-owned enterprise, primarily in mining, trading, equipment manufacturing and engineering. Founded in 1993 and based in the People's Republic of China, it is the country's second largest importer of iron ore. The company used to be under the direct supervision of the State-owned Assets Supervision and Administration Commission. In 2022, it was acquired by state-owned steel conglomerate Baowu.
Organization
There are 86 subsidiaries under the administration of Sinosteel, among which 63 are in China and 23 abroad. Sinosteel is mainly engaged in mining and processing of minerals; related trading and logistics; construction, engineering, and technical service; and equipment manufacture. It operates in Algeria, Australia, South Africa, India, Singapore, Brazil, the European Union, Gabon, Cambodia, Indonesia, Vietnam, Turkey, Hong Kong, and Macao.
Mining and processing
The company has iron and chrome mines in Australia and South Africa.
Trading and logistics
Sinosteel possesses a global-running sales network and logistic service system.