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Apr.17.2024 1USD=7.1028RMB
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Shagang Group, the First Chinese Private Steel Enterprise with Sales Revenue over 300 Billion Yuan

https://en.steelhome.com [SteelHome] 2022-01-24 16:16:44

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On Jan. 16, 2022, Shagang group held an annual working conference of 2022 in the form of video conference.

It was pointed in the conference that 2021 marked the 100th anniversary of the founding of the CPC and also was the beginning year of the Five-Year Plan of Shagang group. Facing with complex situation, Covid-19 pandemic over and over again, extreme weather intrusion such as high temperature and rainstorm, price shock of bulk goods and materials and ups and downs of markets, the whole Shagang group concentrating on the three cores of “benefit, efficiency and talents”, took benchmarking, improvement, innovation and promotion as important parts and further carried forward digital transformation and fully stimulated the five development vitality of production, trading, logistics, investment and big data. The group achieved sales revenue over 300 billion Yuan and maintained the sound momentum of steady progress and development.

According to public data, Tsingshan holding group have not announced its sales revenue of 2021 (its sales revenue in 2020 was 290.8 billion Yuan), and Shagang group became the first private iron and steel enterprise with sales revenue over 300 billion Yuan.

At present, Shagang group have 5 production bases according to continuous accumulation, rolling development and joint and restructuring, distributed in Jiangsu, Liaoning and Henan province. The production combines long and short process, which has advanced process technologies in production lines; it has comprehensive products with common steel, quality steel and special steel, and has various kinds of categories; its products are exported to more than 100 countries and regions in the world and widely used in infrastructure construction, industrial production, high-end equipment, livelihood consumption and other fields. While making major iron and steel stronger, Shagang takes vertical extension and horizontal expansion of iron and steel industrial chains as the main task and strives to develop diversified industries such as resources and energy sources, metal products, financial futures, trade logistics, venture capital investment, and big data, supporting functional platforms such as storage and delivery, extended processing, e-commerce, bonded logistics, financing guarantee and comprehensive service, and actively fosters new strategic supporting points and benefit growth points. Shagang group have been a multi-industry, trans-regional and cross border enterprise group, and have been among the world’s top 500 for 12 consecutive years, ranking 351st in 2020.

(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095)
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