In view of that Baosteel first reached iron ore price agreement with BHP-Billiton, Baosteel expresses its attitude to media through Baosteel spokesperson as following:

1.Through fully exchange and negotiation between the two parties, BHP-Billiton reached consensus with Baosteel that the iron ore FOB price increase by 71.5 for the year 2005. The two parties agree that world iron ore industry and steel industry are closely related; coordinative development and reciprocal support will bring long-term profit to both parties....

Baosteel and BHP-Billiton Agreement on 2005 Iron Ore Prices

After efficient exchange and friendly communication, Baosteel, the largest steel maker in China, concluded the iron ore price negotiations for 2005 with Australia-based BHP-Billiton, one of the leading iron ore suppliers....

Hot Run of No. 1 Hot Dip Galvanizing Line of Baosteel 1800 Cold Rolling Mill Successful

March 30 witnessed the successful hot run of the No. 1 hot dip galvanizing line of Baosteel 1800 cold rolling mill, which has adopted the world's most advanced technologies and equipments will produce high grade automobile sheet to meet the demand of the domestic market....

Baosteel No. 1 Steel Achieves its Monthly Production Goal

Up to March 28, Baosteel Group Shanghai No.1 Iron & Steel Co., Ltd. has made exciting achievements with its stainless steel continuous casting billet surpassing 60 thousand tons, achieving its monthly production goal ahead of schedule....

Baosteel Can Making Northern Company Holds Foundation Ceremony

March 21 saw the grand foundation ceremony of Baosteel Can Making Northern Branch, a joint venture invested by Shanghai Baosteel Business Development Co., Ltd. (a subsidiary wholly-owned by Baosteel) and Beijing Quanshun Group....

Furnace Drying for Baosteel No. 4 Blast Furnace Begins

On March 21, a furnace drying ceremony was held for Baosteel No. 4 Blast Furnace. Li Haiping, vice president of Baoshan Iron and Steel Co., Ltd. gave his order of furnace drying and pressed the starting button....

Hot Load Trial Run of Baosteel Heavy Plate Rolling Mill

A grand ceremony for the hot load trial run of the heavy plate rolling mill of Baosteel Co., Ltd. was held ceremoniously at 5:00 p.m. March 21....

Xu Lejiang Meets with Vice Chairman of Ferrostaal AG U.S. Branch

On March 16, Xu Lejiang, president of Shanghai Baosteel Group Corporation met at Baosteel Tower with a delegation led by Paul,...

T91 High Pressure Boiler Tube Selected as Shanghai High Technology Commercialization Projects

Recently, T91 high-pressure boiler tube, achieving the high score of 94, has been included on the list of 2005' Shanghai High Technology Commercialization Projects and becomes the only steel project which wins the honor....

Baosteel High-Grade Steel Sheet for Porcelain Enameling Hot Sold

Recently, Baosteel high-grade steel sheet for porcelain enameling was selected as the state priority new product, which was the only steel product on the list....

Hot Run of Baosteel Heavy Plate Mill Successful

On March 1, the heavy plate mill of Baosteel Co., Ltd. produced the first plate at its first hot load trial run....

Heavy Plate Mill of Baoshan Iron and Steel Co. Ltd. Established

The unveiling ceremony for the Heavy Plate Mill of Baoshan Iron and Steel Co. Ltd. was held ceremoniously on Feb. 25....

Baosteel and Hamersley Agreement on 2005 Iron Ore Prices

After negotiations held by the parties last week, Baosteel, the largest steel maker in China, concluded the iron ore price negotiations with Australia-based Hamersley....

Baosteel and CVRD Agreement on 2005 Iron Ore Prices

After negotiations held by the parties last week, Baosteel, the largest steel maker in China, concluded the iron ore price negotiations with Companhia Vale do Rio Doce (CVRD), the world's largest iron ore producer....

Xie Qihua and Xu Lejiang Meet with Guests from BearingPoint

On Feb. 24, Xie Qihua, chairwoman of Shanghai Baosteel Group Corporation, Xu Lejiang, president of Shanghai Baosteel Group Corporation met with a delegation led by McGeary, chief executive officer of BearingPoint....

Baosteel's View on the Iron Ore Fine Price for 2005 Reached by CVRD and Nippon Steel

On February 22nd, CVRD has reached agreement with Nippon Steel that the iron ore fine price of Carajias from North System and Itabira from South System of CVRD will increase by 71.5%....

Baosteel Quality Inspection Institution Selected as the State Advanced Project Quality Inspection Institution

Recently, Baosteel Project Inspection Institution has won the highest award-the State Advanced Project Quality Inspection Institution issued by the State Construction Ministry and become the only institution in metallurgical industry in China who won the prize....

Pickling & Rolling Line of Baori Automobile Sheet Co. Produced Forty Thousand Tons of Steel Products During the Two-month Trial Production

Since the two-month hot load trial run of 1800 pickling & rolling line, Baori Automobile Sheet Co. has produced forty thousand tons of products of different verities....

Shanghai Baosteel Business Development Co., Ltd. Turned Up Trumps Last Year

Shanghai Baosteel Business Development Co., Ltd. (BBDC), has basically come to the business pattern with steel structure,...

Special Steel Production of Baosteel No. 5 Steel Amounted One Million Tons

Special steel production of Baosteel No. 5 Steel reached 1.1 million tons in 2004, a 25.3% increase compared with last year; the annual sales has reached 5.52 billion Yuan, a 44.7% increase compared with last year, also a great increase in profit....