Shagang Once Again Tops the World's Top 500

2019-07-22

Heavy! Shagang once again topped the world's top 500, up 24 places from the previous year, ranking third in domestic steel enterprises!

July 22


US Fortune Magazine released the list of the world's top 500 in 2019


Shagang once again gold list title!

Ranked 340 in terms of 2018 operating income of 36.441 billion US dollars

24 places higher than last year

Ranked 3rd in domestic steel enterprises


Ranked among the world's top 500 companies for the eleventh consecutive year

This year, there were 13 world-class steel companies in the world, two more than last year (Aoyama Holdings and Nucor). The overall rankings rose except for the decline of the Xinjihua family. among them,

ArcelorMittal (120th, up 7th),

Baowu Iron and Steel Group (No. 149, up 13 places),

Posco Steel Corporation (No. 171, up 13 places),

Nippon Steel Corporation (No. 186, up 12 places from Nippon Steel & Sumitomo Corporation last year),

Hegang Group (No. 214, up 15 places),

ThyssenKrupp (215th, up 3),

Jiangsu Shagang Group (340th, up 24),

JFE Holdings (No. 356, up 2),

Castle Peak Holdings Group (361th, new),

Angang Group (No. 385, up 43 places, the largest increase),

Shougang Group (No. 402, up 29),

Xinhua International Group (No. 475, down 94),

Nucor (496th, new entry).

Since being nominated for the world's top 500 for the first time in 2009, Shagang Group has firmly established the concept of “entering the world's top 500 is not the end but a new starting point”, insisting on scientific and technological navigation, deepening independent innovation, accelerating transformation and upgrading, accelerating structural adjustment, and enhancing competitiveness. The overall improvement of the quality of the company's economic operations, and further create and expand the core competitive advantages of the enterprise, the world's top 500 rankings continue to strive for advanced position.

In 2018, Shagang changed its safety production and environmental protection technology to the foundation, focusing on reducing costs, innovating potential and increasing efficiency, strengthening brand building, accelerating technological progress, promoting smart manufacturing, implementing diversified development, and fully expanding the two major domestic and international markets. Production and operation have maintained stable operation, and the comprehensive competitiveness of enterprises has been continuously improved. In 2018, Shagang Group completed 31.83 million tons of ironmaking, 40.66 million tons of steel and 39.54 million tons of rolled materials; realized sales income of 241 billion yuan and profits and taxes of 33 billion yuan.

Standing at this new historical starting point, Shagang will continue to adhere to the general tone of “steel-based, structural adjustment, optimized investment, and diversified development”, and firmly adhere to the principle of “making fine and strong steel industry, making bigger and better modern logistics, and doing The three major development strategies are unshakable, implement innovation drive, accelerate transformation and upgrading, focus on the high-quality development of Shagang in 2019, the year of safety and environmental protection, the year of basic management consolidation, and the breakthrough of reform and innovation. Do a good job in environmental protection and safety, production and management, brand building, minimization of accounting units, reform and innovation, intelligent manufacturing, team quality, corporate publicity, group management and control, etc., actively demonstrate new ways to promote more stable and efficient development of enterprises, and create a “hundred years old” The factory has laid a solid foundation and made new and greater contributions to building a steel power.