Shandong Iron & Steel Group Co., Ltd (SISG) was established on Mar. 17 2008, with a registered capital of 10 billion RMB. The fully state-owned SISG was formed out of the restructuring of Jinan Iron & Steel Group Co., Ltd, Laiwu Iron & Steel Group Co., Ltd, and Shandong Metallurgical Industry Corp. The place of registration of SISG lies in the Jinan High-tech Industry Development Zone. The subsidiaries and auxiliary organizations of SISG include: Jinan Iron & Steel Group Co., Ltd, Laiwu Iron & Steel Group Co., Ltd, Shandong Vocational College of Industry, SISG Mining Co., Ltd, SISG Rizhao Co., Ltd, Shandong Refractory Materials Co., Ltd, Zhangdian Iron And Steel Works, Shandong Jinling Iron Mine, Yantai Iron & Steel Complex Group, etc. By the end of 2012, SISG had a staff of 90500, and a credit rating of AAA. The total assets hit 172 billion RMB. Within 2012, SISG has produced 23 Mt steel, 23.37 Mt iron, and 22.62 Mt steel products. Its operation revenue reached 116.7 billion RMB,. SISG ranks the 88th on the list of the China’s top 500 enterprises, and the 33rd on the list of China’s top 500 manufacturing enterprises.
Since its establishment, SISG has always stuck to the principle of scientific development, and the implementation of the national policies on the iron and steel industry. Based on the guidelines of “restructuring assets, upgrading outmoded equipments, adjusting overall structures, and improving quality” put forward by the provincial government, SISG has established and implemented the strategies of “highlighting the coastal areas, improving the mainland areas, and laying equal stress on quality and quantity”. Under this context, SISG has set up a research institute, a finance company, and five business centers, namely the capital center, purchase center, sales center, operation center and information center. Having gone through a substantive restructure in production, supply, marketing, personnel, properties and materials, SISG is extending its industrial chain to the mining industry upstream and the steel-consuming enterprises downstream. Construct the steel machining distribution center positively. While integrating the iron ore enterprises within the province, SISG is actively looking for iron ore resources overseas. The Tonkolili Iron Ore Project (SL) between SISG and African Minerals Ltd (AML) realized investment, entering into production and putting into use in the same year. Effectively improve the guarantee of the own iron ore resource. The project of Rizhao steel production base was approved by the state. Kashi steel project was completed and put into production. The industrial restructuring of SISG entered into an essentially promoting stage.
As a major production base of steel plates (4.5-25.0mm) and H sections, SISG has always been focusing on the production of high-end, high-quality and efficient products. The main steel products of SISG include plates (4.5-25.0mm), hot-rolled coils, cold-rolled coils, H sections, high-quality steel, special steel, hot rolled ribbed bars, etc. They are broadly used in the fields of automobile, petroleum, railway, bridge, construction, electricity, transport, machinery, ship building, light industry, home appliance, and sold in dozens of countries and areas such as the U.S., Britain, Germany, India, Japan and the Republic of Korea. SISG has also been expanding its business scope and has established some major business segments like mining, processing, distribution, finance, real estates, information and engineering technology, refractory materials, etc.
SISG has always emphasized on scientific innovation and talents. SISG has also set up some other research institutes and research centers, such as a national technology center, a national quality inspection center, a post-doctoral research center, an academician research center, an H-section research center, a wide-and-thick plate research center, a research center of energy and environmental engineering, etc.. The Iron and Steel Research Institute provides a solid platform for the integration of inner and outer innovative resources.
SISG insists on the principle of green development and circular economy. It has been working on energy saving and emission reduction, while exploring new ways to convert secondary energy resources and to recycle industrial wastes. All of its subsidiaries have met the government requirements on energy saving and emission reduction. SISG has earned the title of “Shandong Low-carbon Model Enterprise”, and is one of pilot enterprises in terms of resource conservation and environmental protection. Its subsidiaries have earned the titles of “National Environmentally Friendly Enterprise”, “National Green Model”, “National Pilot Enterprises on Energy-saving and Emission Reduction through Informatization and Industrialization”, “China Top 10 Enterprises in terms of Integrated Utilization of Resources”, “Environmentally Friendly Enterprise in Chinese Iron & Steel Industry”, etc.
SISG also pays much emphasis on the corporate culture. Having inherited the traditional cultures of Shandong Province, and integrated the corporate cultures of its subsidiaries, SISG has established its own corporate cultural system, with “Joint Effort, Common Progress, and All- Win” as the core value. SISG insists on co-create, co-advance and benefit mutually with customers, staff, share holders and society. The corporate culture of SISG has gradually been accepted by its staff and the society, and is playing an increasingly important role in binding the staff together and improving SISG’s corporate image. SISG has won the title of “top 10 brand of enterprise culture” awarded by Shandong Provincial propaganda department, and the title of “national enterprise culture construction special contribution” awarded by China Chamber of Commerce.
Facing the future, SISG will continue to adhere to the principle of scientific development, and accelerate the transformation of it mode of development. Since Shandong is a pilot province approved by the national government in restructuring the iron and steel industry, SISG is carrying out adjustments in its layout structure, industrial structure, product mix, equipment structure, organization structure and capital structure, to increase its international competitiveness and become a world class iron and steel enterprise.