Baosteel Group Co., Ltd. (hereinafter referred to as Baosteel), the Department's state-owned corporation established by law, by the State-owned Assets Supervision and Administration Commission to fulfill the responsibilities of investor on behalf of the State Council. The legally entitled to civil rights, civil liability, and its total assets of the company liable for the debts.

Baosteel is China's most competitive steel company. December 23, 1978, under construction in Shanghai Baosteel. In November 1998, Baosteel and the steel, Meishan consolidation and reorganization, a state-authorized investment institution and state holding company pilot enterprises. In February 2000, Baoshan Iron & Steel Co., Ltd. (Baosteel) officially founded in December in Shanghai Stock Exchange. In 2007, Xinjiang Bayi Iron and Steel Baosteel restructuring. In 2008, with Guangzhou Iron and Steel, Shaoguan Iron & Steel re-establishment of Guangdong steel, eliminate backward production capacity at the same time actively build Zhanjiang manufacturing base. March 2009, and Hangzhou Iron and Steel Group Corporation signed an agreement to re-Ningbo Iron and Steel Co., Ltd..

based Baoshan Iron and Steel main business, producing high-tech, high value-added iron & steel, has formed carbon steel, stainless steel, steel three product series, widely used in the automotive, home appliances, petrochemicals, machinery manufacturing, energy, transportation, construction and decoration, metal products, aerospace, nuclear, electronic instrumentation and other industries. Baosteel's products through a global sales network, selling domestic and foreign markets, not only to maintain the dominance of the domestic plate market, but also iron & steel exports to Japan, Korea, Europe and more than forty countries and regions.

As of the end of 2010, total assets of 432.1 billion yuan Baosteel, equity 260.2 billion yuan. In 2010, total revenue of 273 billion yuan, total profit of 24.2 billion yuan. As of the end of 2010, the total number of employees 118 500 people.

recent years, the focus on Baosteel steel supply chain, technology chain, resources, internal and external resources to increase the use of chain integration, improve competitiveness, improve the status of the industry, has formed including iron and steel industry and resource development and logistics, steel extension processing, engineering services, coal chemical industry, financial investment, production and service related industries such as joint development of six major business structure.

2010, Baosteel steel production 44.5 million tons, ranking third in the global steel industry. Baosteel eight consecutive years in 2011 to enter the U.S. "Fortune" magazine's Fortune 500 companies, ranked 212.