Baoshan iron & steel has a registered capital of 45.8 billion yuan. By the end of 2003, there were 22 wholly-owned subsidiaries (including 9 overseas subsidiaries), 4 holding subsidiaries/kloc-0 (including 2 overseas subsidiaries) and 24 shareholding subsidiaries. Among wholly-owned subsidiaries and holding subsidiaries, steel subsidiary 1 1, financial subsidiary 2 and trading subsidiary 8.
Baoshan iron & steel (referred to as Baosteel) is a holding subsidiary of Baosteel Group Co., Ltd., which was established on February 3, 2000 and listed on the Shanghai Stock Exchange on February 12 of the same year. Baosteel is the largest and most modern integrated iron and steel enterprise in China and one of the most competitive iron and steel enterprises in the world.