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Is Baosteel Group a state-owned enterprise or a central enterprise?
Baosteel Group is a state-owned enterprise and a central enterprise. Baosteel Group generally refers to China Baowu Iron and Steel Group Co., Ltd., which is a central enterprise managed by the State Council State-owned Assets Supervision and Administration Commission.

Brief introduction of Baosteel Group:

China Baowu Iron and Steel Group Co., Ltd. (China Baowu for short) was formed by the joint reorganization of former Baosteel Group Co., Ltd. and Wuhan Iron and Steel (Group) Company.

China Baowu is committed to creating a pattern of coordinated development of new materials industry, smart service industry, resources and environment industry, industrial park industry, industrial finance industry and other related industries based on green and smart steel manufacturing industry through technical guidance, interest guidance and scale guidance.

China Baowu regards green as the life background and strategic primary color of the enterprise, vigorously promotes the development of green and low carbon, vigorously promotes the manufacturing of green steel products, and vigorously promotes intelligent manufacturing to support green development. 202 1 1 China Baowu took the lead in issuing a declaration on carbon emission reduction in the steel industry: strive to reach the peak of carbon dioxide emission in 2023 and achieve carbon neutrality in 2050.

Improve industrial concentration and global market share through joint restructuring at home and abroad. Actively promote the intelligent manufacturing of green fine products and become a world-class comprehensive material solution provider with carbon steel, special steel and stainless steel as the main body. Establish a headquarters and multi-base management and control model, and combine professional focus with regional collaboration to achieve high-quality development of more than 100 million tons.