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Shandong Iron & Steel Group Co Ltd

Headquartered in Jinan, the Shandong Iron & Steel Group Co Ltd is a world-leading steel manufacturing company with total assets worth 373.7 billion yuan ($54.96 billion).

In 2020, the company had a revenue of more than 220 billion yuan while its profit remained stable at 10 billion yuan, and had over 31 million metric tons of steel output.

The company's business mainly covers ferrous metal mining, smelting and processing, steel trading and services, and new materials, high-end equipment manufacturing and technical services. The group also owns listed companies including Shandong Iron & Steel, Jinan Iron & Steel, Laiwu Iron & Steel and Jinling Mining.

The company focuses on the concept of green development and it took the lead in realizing ultra-low emission transformation in the steel industry in Shandong.

It has been implementing an innovation-driven development strategy by fully-utilizing its 27 scientific and technological innovation platforms and more than 40 scientific and technological enterprises.

The group's strategic goals are to remain among the world's top 500 in 2022, maintain its annual profit at the level of 10 billion yuan, and transform itself into a high-tech enterprise.

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