1993: Change of name to Baoshan Iron & Steel (Group) Corporation. In November 2021, Baowu established a global alliance with more than 60 other steelmakers to address cutting emissions in the industry. 1989: The company becomes the major steel supplier to Shanghai Automotive Industry. As China limits its crude steel output as part of a plan to curb carbon emissions, Baowu has pledged to reduce its carbon output by 30% by 2035, and achieve carbon neutrality by 2050. Baowu was the largest steelmaker globally for the second year in a row, according to the World Steel Association, with crude steel output jumping 4.35% to 120 million metric tons in 2021. Baowu plans to produce 200 million metric tons of crude steel by 2025, and its ongoing acquisition of state-owned Shandong Iron & Steel Group and majority stake purchase of Xinyu Iron & Steel Group bring it closer to that target. Baosteel Group Corporation (hereinafter referred to as Baosteel) is a typical enterprise founded and developed amid Chinas reform and opening-up. As China fast-tracked consolidation of its steel industry in 2021, the state-owned Baowu brought in $150.7 billion in revenue, breaking into the top 50 of the Global 500 for the first time. The solutions include a three-level service system for local and remote services, to ensure timely responses to the customer's requirements.China Baowu Steel Group is the largest iron and steel company in the world.

Expert engineering services: Expert guidance and customized solutions were provided based on a wealth of industry experience and in accordance with Baosteel's specific needs.

Connected systems: Operational conditions of all equipment are monitored in real time digital operation of manufacturing equipment is empowered and supply chain control and decision-making processes are carried out in an intelligent manner.

Optimized hoisting and logistics system algorithm: Key equipment, including special sensors, ensure an optimal operational state during unattended operation.

Industry solutions for unmanned cranes: A complete set of offers, including circuit breaker, inverter, Modicon M580 PAC, safety PAC, switch, Fluxx crane management software, and energy management system. engages in the manufacture and sale of iron and steel products for automobile, home appliances.

1996: A domestic and international marketing arm, Baosteel. 1989: The company becomes the major steel supplier to Shanghai Automotive Industry Group.

Schneider Electric’s EcoStruxure Plant delivered the automation solution, technology, and services that Baosteel sought for this major project: 1978: Integrated steel works is founded in Shanghai as a flagship for the new era of Chinese economic reform the original completion date is slated for 1982. Productivity and Safety with EcoStruxure PlantĪpps, Analytics & Services: Expert engineering servicesĮdge Control: Modicon M580 PAC, SCADA, and Partner software solution (Fluxx by Synthetis) for management of crane and warehousing operationsĬonnected products: Altivar Process drives, Magelis HMI, circuit breakers, inverters and switches

Shanghai baosteel group corporation company profile