Baosteel Resources Co., Ltd. (hereinafter referred to as Baosteel Resources) is a wholly-owned subsidiary of Baosteel Group, formerly known as Baosteel Trading Co., Ltd., which was established on July 2, 2006. It is one of the six business segments of Baosteel Group. The company pursues win-win international cooperation, focuses on the global allocation of mineral resources, and is committed to providing customers with high-quality products and value-added products such as ore, coal, alloy and non-ferrous metals, stainless steel raw materials, scrap steel and logistics. Baosteel Resources has established long-term strategic cooperative relations with well-known suppliers in Australia, Brazil, India, Chile and South Africa. Established strategic coal cooperation relations with many large coal production enterprises at home and abroad, and established four subsidiaries through joint ventures and participated in six coal enterprises; Establish a ferronickel production base in China, and set up Wei Bao Resources Co., Ltd. to process ferrochrome in India; In Shanghai, Zhejiang, Jiangsu and other provinces and cities, there are scrap processing and production bases, leading enterprises in the automobile dismantling industry in Shanghai and the only ship dismantling enterprise in Shanghai with national qualification for dismantling used ships.
The varieties of iron ore and metallurgical accessories operated by Baosteel Resources include: iron ore, lump ore, pellet, limestone, dolomite, serpentine, olivine and so on. Coal types include: main coking coal, fat coal, injection coal, power coal, lump coal and metallurgical coke; Stainless steel raw materials mainly include: nickel, ferronickel, chromium, ferrochrome, laterite nickel ore, chromite and so on. The types of scrap steel are: shearing materials, packaging blocks, pure scrap steel, etc.
Baosteel Resources also provides logistics services such as shipping agency, freight forwarding, railway shipping, warehousing, terminal loading and unloading, and carries out strategic cooperation with China Shipping Group and other enterprises to develop ocean transportation business.