July 23, 2014 2:11 PM ET

Metals and Mining

Company Overview of Baosteel Group Corporation

Company Overview

Baosteel Group Corporation, through its subsidiaries, manufactures and sells iron and steel products. It offers carbon steel products, including bars, heavy plates, hot rolled and cold rolled steel products, wire rods, and pipe tubes; and stainless steel products. The company also offers specialty steel products, such as die steel and bearing steel products; cold-rolled roll ingot for mill rolls and mandril; alloys for aviation and aerospace; and stainless steel for fasteners. It serves automobile, household appliances, and petrochemical industries, as well as manufacturers of machinery, energy, transportation, metalwork, aeronautics and astronautics, nuclear power, and electronic instrument...

Baosteel Tower

Pu Dian Road 370

Pudong New District

Shanghai,  200122

China

Founded in 1977

118,500 Employees

Phone:

86 21 5835 0000

Fax:

86 21 6840 4832

Key Executives for Baosteel Group Corporation

President
Age: 59
Vice President and Secretary
Age: 43
Vice President
Vice secretary of CPC
Age: 54
Vice President and Standing Member of CPC Committee
Age: 51
Compensation as of Fiscal Year 2014.

Baosteel Group Corporation Key Developments

Viscolube and Baosteel to Build Waste Oil Re-Generation Plant in China

Viscolube and Baosteel Group plan to build a 40,000 tonne per year regeneration plant for waste lube oil in China. A greenfield 40,000 tonne/year regeneration plant usually takes two years to complete, and could cost between $50 million to $55 million to build. Viscolube's re-refined base oils are obtained through a proprietary technology involving high-pressure catalytic hydrogenation process. The company has two production facilities in Italy that can treat more than 160,000 tonnes/year of waste oil, to produce more than 100,000 tonnes/year of re-refined base oil.

Baosteel Announces Co-Operation Agreement with Dongfeng Renault Automobile Company

Baosteel announced co-operation agreement with Dongfeng Renault Automobile Company. The cooperation agreement covers five separate projects. For the new Renault production joint venture, Baosteel is expected to focus on developing ultra high strength steel.

Mechel In Talks To Divest Elgaugol

Mechel OAO (NYSE:MTL) is in discussion regarding divesting Elgaugol Joint Stock Company. Potential buyers are known to be POSCO (KOSE:A005490) and Baosteel Group Corporation. A Japanese bank is also expected to join the deal. Baostee is known to be interested in a stake of 26% - 50% stake in Elgaugol.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 18, 2014
Aquila Resources Limited
Merger/Acquisition
April 22, 2014
Joint Stock Company Elgaugol
Merger/Acquisition
April 9, 2014
West Pilbara Iron Ore Project
 

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