In June 5438+February 65438+May, 2007, Hanbao Iron and Steel Co., Ltd., a Hangang Group, which was established with 50% capital contribution from Hangang Group and Baosteel Group, was unveiled. Hanbao Iron and Steel Co., Ltd. of Hangang Group is a legal entity with independent operation, self-financing and self-development.
On June 365438+February 3, 2005, the National Development and Reform Commission approved the overall plan for structural optimization and industrial upgrading of Hangang, and agreed to invest1936.8 billion yuan in the west of Hangang's factory area to build a new 4.6 million-ton steel precision plate base. Hangang Group and Baosteel Group signed a cooperation agreement on the construction and development of "Hangang New District". 13 In September, Hanbao Iron and Steel Co., Ltd. of Hangang Group completed industrial and commercial registration, and Hangang Group and Baosteel Group each contributed 6 billion yuan, with a total registered capital of1200 million yuan.