Baosteel Group

Shanghai Baosteel Group Corporation, usually known as Baosteel is a state-owned steel company which is one of the biggest steel producers in the world, based on output. Its 2000 initial public offering in Shanghai was the largest in China at the time even though it was restricted to domestic investors.

The 5,220-kilometre pipeline will stretch from Xinjiang Uygur autonomous region in the northwest to northern Guangdong. Photo: Xinhua

Baoshan takes stake in PetroChina pipeline

Baoshan Iron & Steel and its parent Baosteel Group have agreed to invest a total of 10 billion yuan (HK$12.3 billion) to take a minority stake in PetroChina's third west-to-east natural gas pipeline construction.