Shandong Iron and Steel Group Co.

What Shandong Iron and Steel Group Co. does

Shandong Iron and Steel Group Co., Ltd. (山东钢铁集团有限公司) is a state-owned Chinese steel conglomerate founded in 2008 and headquartered in Jinan, Shandong Province. The group operates as a vertically integrated iron and steel producer running two major production bases — the coastal Rizhao premium plate base and the inland Gangcheng (Laiwu) specialty steel base — with combined annual steel capacity exceeding 20 million tons, ranking 10th in China and 17th globally. Core business segments span heavy plate, section steel (H-beams), special steel, rebar, hot-rolled coil, and cold-rolled coil, supplying national landmark infrastructure (Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing Airport, Bird's Nest, Shanghai Tower, Beijing-Shanghai High-Speed Rail), automotive (FAW, Sinotruk, Dongfeng, SAIC, JAC, Chery, Great Wall, Changan), shipbuilding (CSSC, Sinopec, PetroChina, CNOOC), wind power (Vestas, Siemens Gamesa, GE), and engineering machinery (Volvo, Komatsu, Shantui) customers, with exports to 60+ countries.

The group is owned under a dual-anchor structure: Shandong Provincial SASAC (directly and via Shandong Huiji Xinsheng Investment) holds 51% and China Baowu Iron and Steel Group holds 49%, following a December 2023 strategic investment. It controls two A-share listed subsidiaries — Shandong Iron and Steel Co., Ltd. (600022.SH) and Jinling Mining Co., Ltd. (000655.SZ) — and operates a broader conglomerate including an international trade subsidiary, an in-house financial company with 30 billion RMB registered capital, Shansteel Capital Holdings with 40 billion RMB registered capital, an industrial software subsidiary (Shanxin Software), refractory materials, and urban services/property management. Revenue is generated primarily through commodity steel manufacturing sold via direct enterprise contracts and regional sales branches, complemented by international trade, financial services, and adjacent industrial businesses; the company does not publicly disclose pricing. The group has invested in green transformation (first in Shandong to complete ultra-low emission transformation), AI deployment (the in-house 'Shansteel Shangzhi Metallurgical Large Model'), and digital procurement (the 'Shansteel E-Gou' B2B platform launched April 2026).

Name

Shandong Iron and Steel Group Co.

Legal name

山东钢铁集团有限公司

Website

https://shansteelgroup.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shandong Iron and Steel Group is a state-owned Chinese steel conglomerate producing plates, section steel, special steel, rebar, and rolled coils with 20+ million tons annual capacity, serving infrastructure, automotive, shipbuilding, wind power, and machinery customers across China and 60+ export markets.

Ownership category

akta.pro rank

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (33111), Metal Service Centers and Other Metal Merchant Wholesalers (423510), Iron Ore Mining (212210), Steel Product Manufacturing from Purchased Steel (3312)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Wholesale-Metals & Minerals (No Petroleum) (5050), Metal Mining (1000)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industries

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG), Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB), Ferrous Metals Trading & Distribution (Iron Ore, Pig Iron, DRI/HBI, Ferroalloys) (IMAKAJAA)

Keywords

• Steel manufacturing
• Iron and steel production
• Section steel products
• Special steel alloys
• Steel plate fabrication

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Steel Manufacturing and Sales: Core revenue stream from manufacturing and selling steel products including plate, section steel, special steel, hot-rolled coil, cold-rolled coil, and rebar. Products sold domestically and exported to 60+ countries, applied in national landmark projects such as Hong Kong-Zhuhai-Macau Bridge, Daxing Airport, Beijing Winter Olympics venues, and Arctic Yamal LNG project.
2. Iron and Steel International Trade: Handled by 山钢国贸 with functions including raw material import, product export, and social resource operations. Exports H-beam, coil plate, marine engineering, and high-end manufacturing steel to 70+ countries. Strategic relationships with major overseas mining companies for resource supply security.
3. Industrial Finance and Financial Services: Shandong Steel Group Financial Company (30 billion RMB registered capital) and 山钢资本控股 provide services including deposit-taking, lending,票据贴现, settlement, financial advisory, securities investment, and other financial services to group members.
4. Information Technology Services: Shanxin Software and 山鼎云科 provide industrial software, IT services, and intelligent equipment manufacturing across steel, non-ferrous, environmental protection, and chemical industries. Revenue from software development, system integration, and technical services.
5. Refractory Materials: Shandong Refractories Group produces and sells refractory raw materials, steel and non-steel construction refractories, steel production consumables, and non-steel refractories, serving iron and steel, coking, cement, non-ferrous, and other high-temperature industries.
6. Urban Services and Property Management: Shansteel产城融合 provides property management, commercial operations, asset revitalization, park operations, elderly care services, and other urban service businesses, managing over 10 million sqm of properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Shandong Iron and Steel Group is a vertically integrated steel manufacturer that mines iron ore, processes it through coking, sintering, iron-making, and steel-making, and produces finished steel products across six core categories: thick plate (5 million tons annual capacity), section steel/H-beam (3 million tons), special steel (2.4+ million tons), rebar (3.2 million tons), hot-rolled coil (5 million tons), and cold-rolled coil (2 million tons). The group also operates complementary businesses in international trade, financial services, refractory materials, industrial software, and urban services, selling mainly to enterprise customers in automotive, construction, shipbuilding, energy, machinery, and infrastructure sectors across China and 60+ countries.

Product overview

Shandong Iron and Steel Group operates as a comprehensive steel conglomerate with six core product categories: thick plates, section steel (H-beams), special steel, steel rebar, hot-rolled coils, and cold-rolled coils. The company produces over 30 million tons of steel annually across two major production bases in Rizhao and Laizhou. Digital offerings include the '山钢e购' B2B procurement platform and '山信软件' industrial software subsidiary. Products serve key sectors including automotive, construction, shipbuilding, machinery, energy, and home appliances, with exports to 70+ countries. The product portfolio integrates steel manufacturing with digital services including intelligent manufacturing solutions, international trade, and financial services.

Differentiator

Problem solved

Functional benefit

Brands

• 山钢e购: A one-stop digital procurement platform for the group, integrating procurement transactions, supplier collaboration, compliance and risk control, and data analytics.
• 和润优选

Quantifiable outcome

• Ranked 10th in China and 17th globally in steel output with annual capacity exceeding 20 million tons
• +5 more outcomes

Named customers16 records

Segments7 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• China Iron and Steel Research Institute (钢铁研究总院)coreStrategic or Co-development Partner · 1 January 2026Jointly undertaking the 'Deep Mine Super-Large Mining Height Hydraulic Support New Generation Easy-to-Weld, Corrosion-Resistant High-Strength Steel Manufacturing and Application Technology Research' project as part of the Central Enterprise High-End Metal Materials Innovation Consortium in 2026.
• Shandong Energy Group (山东能源)coreStrategic or Co-development Partner · 1 January 2026Jointly undertaking deep mine hydraulic support steel project with steel research institute and China coal science and technology group. Shandong Energy also承担终端应用验证 (provides end-user application verification) of the developed steel products.
• China Coal Science and Technology Group (中国煤炭科工集团)coreStrategic or Co-development Partner · 1 January 2026Jointly developing deep mine hydraulic support high-strength steel as part of the central enterprise innovation consortium. Provides terminal application verification for the developed materials.
• Shandong Ronghui Group (山东融汇集团)minorStrategic or Co-development Partner · 1 June 2025Shandong Steel Group and Shandong Ronghui Group signed cooperation agreement in April 2025 for potential business collaboration.
• CSSC Beihai Shipbuilding (中船集团北海造船)coreStrategic or Co-development Partner · 1 June 2024Strategic partnership with CSSC Beihai Shipbuilding for steel supply and co-development. Signed ship plate cooperation agreement in July 2026. Both parties conduct Party organization co-building activities, promoting deep business cooperation. Products supplied include ship plate and marine engineering steel.
• Baosteel Co., Ltd. (宝钢股份)coreStrategic or Co-development Partner · 1 December 2023Baosteel participated in Shandong Steel Rizhao in December 2023 as part of China Baowu's strategic investment in Shandong Steel Group. Joint coordination meetings held for Rizhao and Laiwu operations. Brings technology and management synergies.
• 100+ Large Enterprise Groups (国内外100多家大型企业集团)coreStrategic or Co-development PartnerEstablished strategic cooperative partnerships with over 100 large enterprise groups domestically and internationally, working together to build and share a high-quality iron and steel ecosystem and create an interest community. Covers major steel consumers in automotive, machinery, energy, construction, and shipbuilding sectors.

Scale indicators21 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Ansteel Group: Major central SOE steelmaker formed via Ansteel-Bengang merger, producing plate, sheet, section, and pipe products. Closely comparable in integrated production, automotive and ship plate positions, and Chinese state-ownership structure.
• Jiangsu Shagang Group: Largest private Chinese steelmaker and a leading producer of rebar, wire rod, and plate. Comparable in product mix and Chinese market focus, with different governance (private vs. SOE) and stronger EAF positioning — a useful benchmark on cost efficiency and capital allocation discipline.
• Maanshan Iron & Steel (Magang): Major Chinese integrated steelmaker producing plate, HRC, section, and wire rod, with strong automotive and rail wheel positions. Now part of Baowu group; provides a useful comparison for a similarly positioned plate-and-section producer under Baowu control versus Shandong Steel's partial Baowu affiliation.
• Valin Steel (Hunan Valin Iron and Steel Group): Major Chinese provincial SOE steelmaker producing plate, HRC, seamless pipe, and silicon steel. Comparable in integrated production, provincial SOE governance, and broad product portfolio serving automotive, energy, and construction customers.
• Hebei Iron and Steel Group (HBIS): Largest Chinese steel producer after Baowu, also a provincial SOE integrated steelmaker producing plate, section, automotive, and rebar. Directly comparable to Shandong Steel in scale, SOE governance, product breadth, and Chinese domestic demand exposure, though with a different geographic base (Hebei).
• Shougang Group: Beijing-headquartered SOE integrated steelmaker with major plate and HRC operations (Qian'an, Caofeidian) and a notable relocation/transformation story. Comparable in integrated production, Chinese SOE structure, and focus on green/relocated coastal bases similar to Shandong Steel's Rizhao strategy.

Others

• ArcelorMittal: World's largest steel producer outside China with a global flat and long product footprint. Relevant peer for benchmarking scale, green steel roadmap, and exposure to global trade/CBAM dynamics; not a direct competitor in the Chinese domestic market but comparable as a global integrated peer.

Broad incumbents

• China Baowu Steel Group: World's largest steelmaker and 49% strategic shareholder of Shandong Steel. Directly comparable in integrated BF-BOF production, product portfolio (plate, section, automotive, ship plate), and Chinese SOE structure, but operates at materially larger scale across multiple regional groups (Baosteel, Wuhan, Maanshan, Bayi, etc.).
• Nippon Steel Corporation: Largest Japanese integrated steelmaker and a global benchmark for premium steel, automotive, and green transformation. Comparable in product mix (high-grade plate, automotive, special steel) and in green steel roadmap, but operates at smaller scale and is a global technology benchmark rather than direct Chinese-market competitor.

Emerging players

• Jianlong Group: Large private Chinese steel conglomerate with rapidly growing integrated capacity in plate, section, and rebar. Comparable in product portfolio and Chinese market focus, but with private ownership and a different growth-by-acquisition strategy versus Shandong Steel's provincial SOE consolidation model.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shandong Iron and Steel Group Co.