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Shagang Group headquarter is in Zhangjiagang, China, an emerging industrial port city on the coast line of the Yangtze River, with Shanghai, Suzhou and Wuxi nearby, as is the Hutong Yangtze River Bridge, which is currently under construction. The 10km-long harbor along Yangtze River and convenient express highway are bringing transport advantages from both the land and river.

Shagang Group has total assets of RMB150 billion and more than 30,000 employees. The annual capacities of iron-making, steel-making and rolled products are, respectively 33.65 million tons, 41.50 million tons and 38.65 million tons. Shagang has won many honors for its achievements over the years, such as: “Nationwide Customer Satisfaction Enterprise”, “China Grade AAA Enterprise for Quality, Service and Reputation”, “Credit Enterprise of China”, “National Innovation-oriented Enterprise”, “Model Unit for Environmental Protection in China”, “New High-Tech Enterprise of Jiangsu Province”, “Circular Economy Construction Model Unit of Jiangsu Province", “Information Technology and Industrialization Merged Model Enterprise of Jiangsu Province, “The China Charity Enterprise Award”, etcetera.

Heavy plate, hot strip coil, cold-rolled strip coil, high-speed wire rod, barincoil, ribbed steel bar, special steel bar and so on … these leading products have been classified in 60 series, 700 varieties and 2,000 specifications. The high-speed wire and rebar were awarded the “Gold Cup Award of International Advanced Physical Product Quality”, National Customers’ Satisfactory Products and more others. Rebar also has been certificated by CARES, our hot-rolled strip coil received Euro Union CE certification; shipbuilding plate has been certificated by the relevant authorities in 10 countries. Over the latest several years, our sales market has spread to 80 countries and territories over East Asia, South Asia, Europe, America, Oceania and Africa.

Due to the difficulties caused by macroeconomic instability, drastic competition and profitability declines, Shagang always be oriented by and fulfill the philosophy of “Quality, Efficiency and Profit”; the enhanced management of production and administration has brought cost reductions, strengthened brand building, optimized the product mix by developing new business categories, and coordinated the integration of informationization and industrialization – in addition to passing our performance review. These initiatives involved huge efforts to maintain the stable development trend of the enterprise’s operation. In 2015, the output for iron-making, steel-making and rolled products were31.64 million tons, 34.21 million tons and 33.88 million tons respectively; for a sales income of RMB205.80 billion, taxed profit of RMB4.74 billion, and the profit of 1.89 billion.

Given this policy direction, all of Shagang’s employees endeavor to: “To be stronger and more precise in our main business – steel; To be big and superior in modern logistics; To be strong and firm in our non-steel business”. In 2016, Shagang ranked No. 69 among China’s Top 500 Enterprises, No. 22 in the Top 500 Manufacturing Industry Enterprises; and has for eight consecutive years ranked the world’s Top 500.

In the future, the status of the steel industry will be in “New Normal”, and Shagang Group will be guided by the spirit of the 18th Congress of the Chinese Communist Party. In so-doing, it will earnestly implement the national iron and steel industry development policy; retain the concept of “Transformation, Innovation and Upgrading” as a command; with “Quality, Efficiency and Benefit” as the pursuit. Also, “Carry out Innovation, Brand Building, and Technology Improvements”, to achieve development on multiple fronts, finer management and constantly enhance the enterprise’s integrated competition strength. These factors will lay a solid base to build a “Centennial Enterprise” and make an ever greater contribution to build iron and steel power around the world.