Sinosteel
Encyclopedia
Sinosteel Corporation is a raw material
processing
company founded in 1993 based in the People's Republic of China
. It is the country's second largest import
er of iron ore.
and coal
; feedstock, such as scrap
, pig iron
, and heavy oil
; steel
/finished steel products, including steel/semi-finished steel products, steel wire products, and steel grating; and ferroalloys. It also provides manufacturing equipment, such as mining, rotating and sintering, iron making, and steel making and refining equipment; submerged-arch furnace; and continuous casting, rolling, carbon mechanical and electrical, and refractory manufacturing equipment. In addition, the company offers refractories for steel making industry, petrochemical industry, non-ferrous industry, cemmen industry, and glass industry. Further, it provides carbon products, electro magnetic material, and non-ferrous metals. Further more, the company offers investment development, future brokerage, tendering, goods transportation, insurance, cargo agent, storage and port and wharf services. The company has iron ore and chrome ore resource bases in Australia and South Africa. It operates in Australia, South Africa, India, Singapore, Brazil, Germany, Gabon, Cambodia, Indonesia, Vietnam, Turkey, Hong Kong, and Macao. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China.
Sinosteel completed a hostile takeover of Australian iron ore producer Midwest in 2008.
Sinosteel has established iron ore and chrome ore resource bases in Australia and South Africa.
Sinosteel possesses a global-running sales network and logistic service system. It is the raw material supplier and sales-agent for a number of Chinese steel mill
s, some of which Sinosteel has entered into long-term strategic partnership. It is a supplier of iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnesite and rare earth are in the leading position in China.
The scientific & technological companies under Sinosteel operate in the areas of geological exploration, beneficiation, heat engineering, environmental protection, refractory materials, metal products and engineering design. Sinosteel also undertakes project engineering & purchase, construction and auxiliary supply, and as an agent for many Chinese and international equipment & technology suppliers, provides financing and bidding services for Chinese steel mills.
Raw material
A raw material or feedstock is the basic material from which a product is manufactured or made, frequently used with an extended meaning. For example, the term is used to denote material that came from nature and is in an unprocessed or minimally processed state. Latex, iron ore, logs, and crude...
processing
Industrial process
Industrial processes are procedures involving chemical or mechanical steps to aid in the manufacture of an item or items, usually carried out on a very large scale. Industrial processes are the key components of heavy industry....
company founded in 1993 based in the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. It is the country's second largest import
Import
The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import whereas the overseas based seller is referred to as an "exporter". Thus...
er of iron ore.
Management
- Tianwen Huang - President and Secretary of the Party
- Andong Liu - Chief Accountant
- Yaqin Yang - Vice Secretary of the Party and Secretary of the Commission for Discipline Inspection
- Dianxiang Shao - Vice Secretary of the Party
- Zhimin Li - Vice President
Overview
Sinosteel operates as an iron ore importer in China. It engages in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, related engineering technical service, and equipment manufacture. The company offers ferrous metal minerals, non-metal minerals, and cokeCoke (fuel)
Coke is the solid carbonaceous material derived from destructive distillation of low-ash, low-sulfur bituminous coal. Cokes from coal are grey, hard, and porous. While coke can be formed naturally, the commonly used form is man-made.- History :...
and coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
; feedstock, such as scrap
Scrap
Scrap is a term used to describe recyclable and other materials left over from every manner of product consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has significant monetary value...
, pig iron
Pig iron
Pig iron is the intermediate product of smelting iron ore with a high-carbon fuel such as coke, usually with limestone as a flux. Charcoal and anthracite have also been used as fuel...
, and heavy oil
Heavy oil
Heavy oil may refer to:*Fuel oil that contains residual oil left over from distillation.*Heavy crude oil, viscous crude oil.*Coal tar creosote, a wood preservative and waterproofing agent....
; steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
/finished steel products, including steel/semi-finished steel products, steel wire products, and steel grating; and ferroalloys. It also provides manufacturing equipment, such as mining, rotating and sintering, iron making, and steel making and refining equipment; submerged-arch furnace; and continuous casting, rolling, carbon mechanical and electrical, and refractory manufacturing equipment. In addition, the company offers refractories for steel making industry, petrochemical industry, non-ferrous industry, cemmen industry, and glass industry. Further, it provides carbon products, electro magnetic material, and non-ferrous metals. Further more, the company offers investment development, future brokerage, tendering, goods transportation, insurance, cargo agent, storage and port and wharf services. The company has iron ore and chrome ore resource bases in Australia and South Africa. It operates in Australia, South Africa, India, Singapore, Brazil, Germany, Gabon, Cambodia, Indonesia, Vietnam, Turkey, Hong Kong, and Macao. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China.
Sinosteel completed a hostile takeover of Australian iron ore producer Midwest in 2008.
Structure & Operations
Sinosteel Corporation abbreviated as Sinosteel is a central enterprise under the administration of the State-owned Assets Supervision and Administration Commission. There are 86 subsidiaries under the administration of Sinosteel, among which 63 are in China and 23 abroad. The revenue from core businesses reached RMB 61 billion in 2006. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a multi-national enterprise with core businesses that integrate resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing auxiliary service for steel industry, especially steel mills.Sinosteel has established iron ore and chrome ore resource bases in Australia and South Africa.
Sinosteel possesses a global-running sales network and logistic service system. It is the raw material supplier and sales-agent for a number of Chinese steel mill
Steel mill
A steel mill or steelworks is an industrial plant for the manufacture of steel.Steel is an alloy of iron and carbon. It is produced in a two-stage process. First, iron ore is reduced or smelted with coke and limestone in a blast furnace, producing molten iron which is either cast into pig iron or...
s, some of which Sinosteel has entered into long-term strategic partnership. It is a supplier of iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnesite and rare earth are in the leading position in China.
The scientific & technological companies under Sinosteel operate in the areas of geological exploration, beneficiation, heat engineering, environmental protection, refractory materials, metal products and engineering design. Sinosteel also undertakes project engineering & purchase, construction and auxiliary supply, and as an agent for many Chinese and international equipment & technology suppliers, provides financing and bidding services for Chinese steel mills.