China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. The company was formed by Baosteel Group. It was founded in 1978.
Baowu is the second largest steel producer in the world measured by crude steel output, with an annual output of around 35 million tons (China's total steel production in 2015 was 803.8 million tons). It employed 130,401 employees as of the end of 2012, has annual revenues of around $21.5 billion, and produces a mix of products.
The corporation was ranked the 5th in 2015 the world ranking by production volume (2nd in China for 34.938 million metric tons). A plan to merge with Wuhan Iron and Steel Corporation was announced on 21–22 September 2016, which made the combined production volume the second highest in the world, after ArcelorMittal.
According to en.wikipedia
