Is Baosteel a good steel company?

Bao Ping, chief engineer of Automotive Plate Technical Services at Baosteel Group, which is based in Shanghai, highlighted that despite the domestic steel industry's weak performance since the latter half of 2022, the company has maintained its position at the top in terms of total profit and outperformed its competitors last year.

Why is Baosteel doubling down on 'high-end & smart & green' strategy?

[Photo/Xinhua] Baosteel, China's leading steel manufacturer, is optimistic about its performance and profitability this year, doubling down on its "high-end, smart and green" strategy to cater for the rising demand from electric vehicle manufacturers, according to a senior executive.

Where is Baosteel factory located?

A cold-rolled steel factory of Baosteel Co Ltd in Baoshan district, Shanghai. [Photo/Xinhua]

Will Zhanjiang Iron & Steel Plant get photovoltaic power?

On December 15, 2021, the photovoltaic power generation (phase I) project of 48.2MW installed capacity of Zhanjiang Iron and Steel Co., Ltd. was successfully connected to the grid and successfully sent out the "first" photovoltaic power on the roof of Zhanjiang Iron and Steel Plant.

How many product launches did Baosteel have in 2023?

Baosteel had 10 global product launches in 2023. On the technological front, Baosteel continues to advance its smart production capabilities. The company introduced 15 new systems, including a digital R&D platform, smart management and smart marketing.

What does Baowu's goal mean for China's steel industry?

Baowu’s goal means that a total of 19.6% of global steel production has committed to net-zero by 2050. More difficult to decarbonize: China’s steel sector will have a difficult path to net-zero. Its emissions intensity is higher than the global average (Figure 1).