One of our raw material suppliers – Baosteel Group from Shanghai, China.

 

Baosteel’s annual steel production capacity is about 30 million tons, and its profitability ranks the world’s leading position. Its products sell well in domestic and foreign markets. On December 14, 2006, Standard & Poor’s announced that it will upgrade the long-term credit rating of Baosteel Group and Baosteel from “BBB+” to “A-”.

 

This is the highest long-term credit rating among global steel companies and the highest level in China’s manufacturing industry. Among the global steel companies, only Baosteel and South Korea’s Pohang are the companies that can achieve “A-“.

 

Among the six Chinese companies that have achieved the “A-” and above credit ratings, Baosteel is the only manufacturing company that continues to be at the leading level among domestic outstanding enterprises.

 

Baosteel is China’s most competitive steel conglomerate and a global partner and supplier of steel for the 2010 Shanghai World Expo.