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[Ferro-Alloys.com]

  Chen Derong, Secretary of the CPC Committee and chairman of the board of Baowu, said on 23rd that Baowu is building an industrial pattern of coordinated development of new material industry, intelligent service industry, resource and environment industry, industrial park industry, industrial finance industry and other related industries based on green, high-quality and intelligent steel manufacturing industry, so as to optimize the industrial order and guide the development of the industry. We have actively promoted joint reorganization, integration and merging, accelerated innovation-driven transformation and upgrading, and initially built a modern corporate governance system with Baowu characteristics. Chen Derong also pointed out "At present, Baowu is the historical inheritor and master of China's modern iron and steel industry, and the future leader of China's and even the global steel industry."

  China’s Baowu has absorbed Baosteel, Wusteel, Masteel, Bayi-steel, SISG, CISC, E Steel, Tisco and formed China's "iron and steel aircraft carrier formation". It ranks 111th in the newly released Fortune 500 and ranks first in the world's iron and steel enterprises.

  In 1890, the Steel Plant of Jiangnan manufacturing Bureau and Hanyang Iron Plant were born, which was the beginning of modern China's iron and steel industry, and also the source of a-hundred-year Baowu. After the foundation of People's Republic of China, especially since the reform and opening up, China's iron and steel industry has accelerated its development, became better and stronger, and has achieved a leap from quantitative change to qualitative change, and from import to guide. In recent years, a series of high-end products independently developed by Baowu have been at the international advanced level, solved a number of material bottlenecks, and strongly supported China's high-end manufacturing industry and national major projects.

• [Editor:Catherine Ren]