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Shagang was selected as Fortune‘s most admired Chinese company in 2018

At night of September 19, "Fortune" (Chinese Version) and Korn Ferry International jointly issued "2018 Most Admired China Company" ranking, Shagang Group ranked in 40th place.

Since established 40 years ago, Shagang takes "Create the high-quality products base and a century- sustainable business" as strategic goal of high innovation and development, aiming at the world's advanced level of industry development, and constantly promote enterprise transformation and upgrade, optimize product structure adjustment, improve product quality, Develop green recycling economy, implement merger and reorganization, realize the leapfrog development. Now Shagang has become the annual production capacity of 39.7 million tons of the country's largest private steel enterprises, with resources and energy, industrial chain extension, financial futures, trade logistics, venture capital and other sectors, including large-scale joint steel enterprises, for ten consecutive years into the World's Top 500 enterprises.

2017, Shagang seized the opportunity of good timing to promoting the supply-side structural reform, resolving the steel overcapacity, implementing iron-making as the center of the benefit management, steelmaking as the center of the quality Management, steel rolling as the center of the fine administration; Take the "Four Center" as the oriented basic management key work, accompanied by the innovation, development, transformation upgrading and actively fighting in the market, operating performance significantly improved and profitability enhanced. Year-round steel production of 38.35 million tons, to achieve sales revenue of 220 billion Yuan, profit of 19.3 billion Yuan, the level of enterprise efficiency continue to the forefront in the steel industry.

It is understood that so far it is the 13th release since "the most admired Chinese companies" was first published in 2006, it's known as "A Barometer of Chinese Companies'soft Power". The 50 companies that won this year were selected from 359 candidates, mainly from China's Top 500 and the World's 500-strong Chinese companies, as well as some well-known Chinese large enterprises.