Metal Products News
- China's Baosteel stays on Fortune 500 list for 4th straight year
Date: 16-Jul-2007 Sources: (Xinhua Online)
SHANGHAI, July 13 (Xinhua) -- The Shanghai Baosteel Group Corporation, China's largest steel maker, announced Friday that it has been included in the Fortune 500 list for the fourth straight year.
Baosteel ranks the 307th on the 2007 list of Fortune 500 companies with a sales revenue of 180.68 billion yuan (22.66 billion U.S. dollars) in 2006and was the sixth among all steel companies that entered the list, the company said.
The sales revenue represented an annual growth of 2.56 percent, it said.
With an output of 22.53 million tons of steel, the company scored 22.58 billion yuan (2.97 billion U.S. dollars) in profits last year, up 2.27 percent over the previous year, it said.
A total of 24 Chinese companies appeared on the newly released Fortune 500 list, the top three being the China Petroleum and Chemical Corporation, China National Petroleum Corporation and the State Grid. Baosteel ranks the 14th among the Chinese companies on the list.
Sponsor Results:
