list company Maanshan Iron and Steel Company Limited. By 2020 the company had become the largest steel manufacturer in the world by volume. In 2022, Baowu acquired fellow state-owned enterprise Sinosteel. Subsidiaries Steel plants Baoshan Iron and Steel () Shanghai Meishan Iron and Steel (77.04%) Wuhan Iron and Steel Company (100%) Zhanjiang Iron and Steel Shanghai First Iron and Steel Co., Ltd. Shanghai Second Iron and Steel Co., Ltd. Shanghai Pudong Iron and Steel Co., Ltd. Shanghai Fifth Iron and Steel Co., Ltd. Guangdong Shaoguan Iron and Steel (51%) SGIS Songshan Co., Ltd. (53.37%, ) Wuhan Iron and Steel Corporation (100%) Guangxi Iron and Steel Group (100%) Xinjiang Ba Yi Iron and Steel Group (76.93%) Xinjiang Ba Yi Iron and Steel (50.02%, ) Mining conglomerate Shanghai Meishan Co., Ltd. (100%) Sinosteel (100%) Financial companies Hwabao Investment (100%) Fortune Investment (100%) Others Guangdong Iron and Steel Group (100%) Equity investments Baosteel Group was a minority owner of Metallurgical Corporation of China Limited for 0.65% (as at 30 June 2010). Excluding the investment held by the listed subsidiary Baoshan Iron and Steel, Baosteel Group owned 0.88% stake (via Hwabao Investment) in PetroChina Pipelines, the company that runs West–East Gas Pipeline. Baosteel Group, as at 31 December 2015, still owned 15.11% stake in New China Life Insurance, a listed company in both Hong Kong and Shanghai Stock Exchange, as well as China Bohai Bank for 11.67% stake, China Pacific Insurance for 14.17% stake. References general Detailed History of Baosteel specific External links Steel companies of China Chinese brands Government-owned companies of China Manufacturing companies based in Shanghai 1978 establishments in China Manufacturing companies established in 1978