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Six Chinese steel companies shortlisted for the 2018 World Top 500
Release time:
2020-06-11
Baowu Group was reorganized by Baosteel Group and Wuhan Iron and Steel Group in 2016. Prior to the reorganization, Baosteel Group was listed as one of the top 500 enterprises in the world for 13 years in a row, and it was the first Chinese steel company to be listed among the top 500 enterprises in the world. Although it is history, the reorganized Baowu Group has also been shortlisted for the world's top 500 for two consecutive years. Shougang and Angang were re-listed in 2018 after losing the previous election.
At 19 o'clock on July 21, 2018, the US "Fortune" Chinese network and the "Fortune" English network simultaneously released the 2018 "Fortune" World Top 500 Ranking. In terms of the number of companies on the list, in 2018, Chinese companies reached 120, which is close to the number of the United States (126), far exceeding the third place in Japan, 52. This time the number of shortlisted companies increased by 5 compared with the previous year. The entry threshold for the 2018 Fortune Global 500 is US$5.49 billion, which is US$16.119 billion lower than US$21.609 billion in 2017. Six steel groups in China are shortlisted in the 2018 World Top 500, namely China Baowu Steel Group, Hegang Group, Jiangsu Shagang Group, Xinxing Jihua Group, Angang Group Company, Shougang Group, ranking 162, 239, 364 respectively , 381, 428, 431. A
Baowu Group was reorganized by Baosteel Group and Wuhan Iron and Steel Group in 2016. Prior to the reorganization, Baosteel Group was listed as one of the top 500 enterprises in the world for 13 years in a row, and it was the first Chinese steel company to be listed among the top 500 enterprises in the world. Although it is history, the reorganized Baowu Group has also been shortlisted for the world's top 500 for two consecutive years. Shougang and Angang were re-listed in 2018 after losing the previous election.
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