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Organization: Baosteel

Organization name
China Baowu Steel Group Corp. Ltd.
Country name
China
Country of registration
China
Industry
Ferrous Metals
Bond debt
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Profile

Shanghai Baosteel Group Corporation, commonly referred to as Baosteel is a state-owned iron and steel company headquartered in the Bao Steel Tower in Pudong, Shanghai, China. Baosteel is the second-largest steel producer in the world measured by crude steel output (after ArcelorMittal), with an annual output of around 20 million tons (China's total steel production in 2006 was 381.5 million tons). It employs 130,401 employees as of the end of 2012, has annual revenues of around $21.5 billion, and produces a mix of high-quality products.

Awards

News

17/04/2024 Fitch Ratings revised outlook on Baosteel to negative and affirmed at "A+" (LT Int. Scale (foreign curr.)) credit rating
17/04/2024 Fitch Ratings revised outlook on Baosteel to negative and affirmed at "A+" (LT Int. Scale (local curr.)) credit rating
08/02/2024 Fitch Ratings affirms Baosteel at "A+" (LT Int. Scale (foreign curr.) credit rating); outlook stable
08/02/2024 Fitch Ratings affirms Baosteel at "A+" (LT Int. Scale (local curr.) credit rating); outlook stable
07/02/2024 Fitch Affirms Baowu Steel, Baosteel at 'A+'; Outlook Stable (Rating action commentary)
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Codes

  • SIC
    6719 Holding companies
  • ICB
    1,700 Basic Resources

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Macroeconomic Indicators - Baosteel

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