Baoshan Iron & Steel (Baosteel for short), which is the largest and most modernized iron and steel complex in China. Baosteel occupies a surface of 22km2 (equal surface of Macao). With investments of 10 billion euro, the production reached 11 million tons. In 2000, Baosteel realized 7 billion euro of sales and take a net profit of 320 million euro. |