About major Chinese buyers

0 CommentsPrint E-mail China.org.cn, April 14, 2010
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China Iron & Steel Association is a national, non-profitable organization founded on 21st 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China's steel enterprises, institutions, societies and individuals in the iron and steel industry, which participate the organization voluntarily according to certain regulations.

CISA's responsibility is to link Chinese iron & steel industry with the government, to provide “two-way services” to Chinese steelmakers, institutions as well as to explore cooperation opportunities with overseas companies and organizations.

Baosteel Group Corporation (Baosteel) is a state-authorized investment institution approved by the State Council and a state-controlling company. It is the most competitive steel complex in China at present. In 2008, Baosteel registered a sales revenue of 246.84 billion yuan, a total profit of 23.81 billion yuan, total assets of 352.5 billion yuan and net assets of 219.44 billion yuan. The employees of Baosteel total 108,914 people. Baosteel has been enrolled in the Global 500 for six years consecutively and ranked 220th this year.

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