Baowu - Xinhua Silk Road

China's steel giant Baowu completes mega merger with Magang

State-owned Baowu Steel Group, China's largest steel producer, inked an agreement on Thursday with Magang (Group) Holding Co., Ltd. to secure a 51-percent stake in the latter.

September20,2019

China Baowu's crude steel output world's largest in 2019

Steel giant China Baowu Steel Group announced Wednesday that it surpassed the Luxembourg-headquartered ArcelorMittal to become the world's largest producer of crude steel in 2019.

March05,2020

China Baowu Steel Group acquires 51-pct stake in Masteel Group

China Baowu Steel Group Corporation Limited (China Baowu) has recently signed a free transfer agreement with the State-owned Assets Supervision and Administration Commission of Anhui Province to acquire a 51-percent stake in Masteel.

June03,2019

China Baowu joins hands with Rio Tinto to develop iron ore resource in Western Australia

China Baowu Steel Group Corporation (China Baowu) announced on Wednesday that it had signed an agreement with minerals giant Rio Tinto to establish a joint venture for the Western Range iron ore project in the Pilbara region of Western Australia, reported China Securities Journal.

September15,2022

SW. China's Yunnan signs cooperation agreement with China Baowu to develop steel industry

Provincial government of southwest China's Yunnan Province and China Baowu Steel Group Corporation Limited (China Baowu) signed a cooperation agreement in Kunming on Monday to further deepen cooperation and achieve a sharing and win-win construction in steel industry, reported Xinhua-run Shanghai Securities News Tuesday.

February02,2021

Rio Tinto, China's Baowu Steel agree on joint venture to develop iron ore in W. Australia

Mining group Rio Tinto on Wednesday announced that it will team up with China Baowu Steel Group to develop a Western Range iron ore project in the Pilbara region of Western Australia, with a joint investment of 2 billion U.S. dollars.

September15,2022

China's TISCO leads green and low-carbon development in steel industry

In recent years, Taiyuan Iron and Steel (Group) or TISCO, a subsidiary of China Baowu Steel Group Corporation, has placed green and low-carbon development at the core of its sustainable development strategy. The company has been actively advancing carbon reduction, strengthening environmental governance, and embedding green principles into its corporate DNA.

July22,2025

China's SOEs log revenue growth in 2023

China's state-owned enterprises (SOEs) posted increased revenue last year, according to official data released Monday.

January30,2024

China-Japan venture producing automotive aluminum sheets unveiled in Shanghai

Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd., a Sino-Japanese joint venture specializing in automotive aluminum sheets, was officially unveiled in Shanghai on Thursday. The occasion signified strengthened collaboration between Chinese and Japanese enterprises in the automotive materials sector.

February14,2025

Profits of China's central SOEs reach 2.4 trln yuan in first 11 months

The profits of China's centrally-administered state-owned enterprises (SOEs) remained stable during the first 11 months of 2023, the country's top state assets regulator said.

December27,2023

China approves restructuring of two major state-owned steel enterprises

China has approved the restructuring of two state-owned giants in the iron and steel industry, the country's top state-owned assets regulator said on Wednesday.

December22,2022

China's central SOEs see investment rise in Jan-Feb

China's centrally-administered state-owned enterprises (SOEs) have expanded effective investment in the first two months of 2023, said the country's top state-asset regulator.

March30,2023

Int'l leaders urge stronger supply chain cooperation at Beijing expo

International political figures and business leaders gathered on Tuesday at the opening of a supply chain expo in Beijing, calling for enhanced cooperation to better face global challenges amid rising geopolitical tension and growing trade protectionism.

November27,2024

Brazilian mining giant Vale signs cooperation agreements with Chinese partners

Brazil's mining giant Vale announced its seven cooperation agreements signed with Chinese partners on Wednesday, aiming to cement ties with China, reported Chinanews.com.

March30,2023

China's central SOEs report growth in January

China's centrally-administered state-owned enterprises (SOEs) saw double-digit revenues and profit growth in the first month of this year, showed official data Monday.

February15,2022

【Financial Str. Release】China raises export tariffs on steel products to push industrial upgrading

China will adjust export tariffs on some steel products as part of efforts to push upgrading and transformation of the industry.

July30,2021

Baogang United Steel takes multiple measures to lower costs, improve profits

In the first half of 2022, Inner Mongolia Baotou Steel Union Co., Ltd. (Baogang United Steel, 600010.SH) has witnessed significant progress in lowering costs, making added profit of nearly 232 million yuan (about 32.27 million U.S. dollars).

September29,2022

Firms of China and Mongolia ink USD750 mln coking coal supply agreement

Xinjiang Bayi Iron & Steel Company of China Baowu Steel Group signed a coking coal purchase agreement with an intentional amount of 750 million U.S. dollars with Mongolia's MoEnCo LLC, a subsidiary of Hong Kong-listed Mongolia Energy Corporation Limit

September04,2018

Baosteel conducts yuan-denominated deal with Rio Tinto

Baoshan Iron & Steel Co., Ltd., known as Baosteel, on Tuesday said it has recently made its first yuan-denominated iron ore purchase worth over 100 million yuan (about 14.1 million U.S. dollars) with Australian mining giant Rio Tinto.

May13,2020

China's central SOEs post steady revenue, profit growth in Q1

China's centrally administered state-owned enterprises (SOEs) saw solid revenue and profit growth in the first three months of 2022, the country's top state-asset regulator said Saturday.

April18,2022