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Shagang Group Company Profile

Introduction

• Name:Jiangsu Shagang Group Co.,Ltd.

• Type:Privately owned company

• Industry:Steel

• Founded:1975

• Headquarters:Zhangjiagang City,Jiangsu Province,China

• Ranking:One of the largest private steel enterprises in China,ranked 383rd on the Global 500 in 2024.

Business Scope

• Core Business:Production and sales of steel products under the"Shagang"brand.

• Diversified Development:The group has expanded into various industries such as resources and energy,metal ware processing,trade logistics,financial investment,and information technology,forming a development pattern of"One Body,Five Wings"with the steel industry as the main business supported by diversified and synergistic development.

• Production Bases:Shagang Group has five production bases located in Jiangsu Province,Liaoning Province,and Henan Province.The headquarters,Shagang Steel,is an important EAF production base and Castrip production base.Fushun Special Steel is a large-scale special steel production base for high-end fields such as China's aviation and aerospace and a high-quality mold steel production base.Huaigang Special Steel,Dongbei Special Steel,and Anyang Yongxing Special Steel are also important prime special steel production bases of the group.

• Products:The leading products cover carbon steel,high-grade steel,and special steel,with over 60 series,700 varieties,and 2,000 specifications.These products are exported to more than 100 countries and regions worldwide and are widely used in many major international and domestic projects for infrastructure,industrial manufacture,high-end equipment,and livelihood consumption.

Achievements and Honors

• Production Capacity:The group currently possesses total assets of RMB150 billion and more than 30,000 employees.Its annual production capacity is 31.9 million tons of iron,39.2 million tons of steel,and 37.2 million tons of rolled products.

• Awards:Shagang has been awarded numerous honors,including"Nationwide Customer Satisfaction Enterprise,""China Grade AAA Enterprise for Quality,Service and Reputation,""China’s Enterprise Brand of Quality and Sincerity,""National Innovation-oriented Enterprise,""Model Unit for Environmental Protection in China,""New High-Tech Enterprise of Jiangsu Province,""Circular Economy Construction Model Unit of Jiangsu Province,"and"Information Technology and Industrialization Merged Model Enterprise of Jiangsu Province."

• Product Certifications:Ribbed steel bar product has obtained certifications of CARES;high-quality wire rod won"Chinese Famous Brand"products and"Inspection-free Export"commodity.The total annual production volumes and exportation of prime wire rods have both ranked the first in China for consecutive years.Hot-rolled strip coil has passed the CE Certification by the European Union.Shipbuilding steel plate has passed through the classification society authentication of 9 countries.

Development and Expansion

• Acquisitions:In 2001,Shagang Group drew the world's attention when it acquired a steel mill(the Dortmund-Hörde plant)from German industrial giant ThyssenKrupp for 30 million euros and shipped its equipment to China where it was reassembled and resumed operation.In 2006,Shagang Group acquired the controlling stake in Huaigang and renamed it into Huaigang Special Steel.In 2016,the Group headed a consortium that acquired London-based international data center Global Switch Holdings for£2.4 billion(HK23.03 billion).

• International Presence:Shagang Group has a complete logistics system,strong storage and transportation capabilities,and a first-class marketing service system.Its products have been exported to over 40 countries in East Asia,South Asia,the Middle East,Western Europe,South America,Africa,and other regions.The total export volume has been ranked in the forefront of the national counterparties for consecutive years.

Corporate Philosophy and Future Outlook

• Philosophy:Shagang Group adheres to the new development concept,seizes the new opportunities in the era of high-quality development,and strives to build the steel manufacturing industry based on the green ecological steel city and the new type of intelligent factory.The group continues to develop multi-functional platforms such as warehousing and distribution,e-commerce,bonded logistics,financial guarantee,and comprehensive services to strengthen the construction of industrial ecological chains and ecosystems and to actively cultivate new strategic support and benefit growth points.

• Future Outlook:With continuous accumulation,development,and joint reorganization,Shagang Group is committed to maintaining its leading position in the steel industry while further expanding its diversified business portfolio.The group aims to enhance its global competitiveness and contribute to sustainable development through innovation,green practices,and intelligent manufacturing.