Overview Key strengths Key risks Leading steelmaker in China with a strong presence in high-end steel products. Exposure to the cyclical steel industry. Above-industry-average profitability due to good operating efficiency and portfolio of high-end product offerings. Limited overseas presence. Financial leverage to remain minimal. Core subsidiary of central government-owned China Baowu Steel Group Corp. Ltd. (Baowu). Baoshan Iron&Steel Co. Ltd. (Baosteel) will continue to benefit from its competitive technology and dominant market share in some high value-added products, including automotive plates and silicon steel in China. The company?s more competitive product portfolio with more premium steel products will sustain its better-than-peers operating efficiency and profitability. Baosteel is one of the largest integrated steel mills in China with total
