Shandong Iron & Steel Group Co., Ltd (SISG) was incorporated on Mar. 17，2008, with a registered capital of 11.193 billion RMB. SISG is limited liability company invested by State-owned Assets Supervision and Administration Committee of Shandong Provincial People's government, Shandong Social Security Fund Council.
The subsidiaries and auxiliary organizations of SISG include: Shandong Iron and Steel Limited, Jinan Iron & Steel Group, Laiwu Iron & Steel Group, SISG Finance Company, SISG Finance Holding (Shenzhen) Limited, Shandong Vocational College of Industry, SISG Mining Company, Shandong Refractory Materials Company, Zhangdian Iron And Steel Works, etc.It has three public listed companies: Shandong Iron and Steel Co., Ltd, Jinling Mining Co., Ltd and Luzheng Securities Co., Ltd, with a credit rating of AAA. Its iron, steel, and steel products’ production volumes in 2018 was 22.44mt, 23.21mt and 22.62mt respectively, ranking the 7th in China; it has achieved a business income of 155.5 billion yuan, a gross profit of 7 billion and a net profit of 4.5 billion yuan.
SISG ranks the 124th among China’s Top 500 Enterprises, and the 45th among China’s Top 500 Manufacturing Enterprises.
It was awarded the “Unit of Honor of the Industry”. The adjustment of Jinan Iron and Steel Group’s production capacity and the transformation of SISG is considered one of the major events in the development of the province. Based on a report from Metallurgical Industrial Planning Institute, SISG’s comprehensive competitive rating was upgraded from A to A+, among the top-level iron and steel enterprises in China.
SISG has always been focusing on the production of high-end, high-quality and efficient products. The main steel products of SISG include plates, hot-rolled coils, cold-rolled coils, H sections, high-quality steel, special steel, hot rolled ribbed bars, etc. They are broadly used in the fields of automobile, petroleum, railway, bridge, construction, electricity, transport, machinery, ship building, light industry, home appliance, and sold in dozens of countries and areas such as the U.S., Britain, Germany, India, Japan and the Republic of Korea. SISG is a major producer of steel plates and H sections in China.
Taking advantage of the Belt and Road Initiative, SISG explores the international market vigorously. Its section steel successfully enters many International key markets, such as Hong Kong-Zhuhai-Macau Bridge, Yamal Project, AGPP project, etc. The refractory materials gain full acknowledges by first-class international enterprises like POSCO, ThyssenKrupp and Nippon Steel. The Group has achieved developments in finance, steel structure construction, IT, industrial park operation, etc.
SISG is dedicated to promote technological innovation and talent development. SISG has built one state-level, three provincial level technology centers, three provincial engineering technological research centers, two provincial labs, three nationally-acknowledged quality inspection centers, two academician research centers and four post-doctoral research centers, with 4013 experts who enjoy senior professional and technical titles, 1165 postgraduates and PhD.
Under the guidance and support of the party committee, SISG continuously deepens reform and accelerates the replacement of old growth drivers with new ones. New breakthroughs have been made in various fields. The reconstruction of the state-owned capital investment corporation is progressing smoothly. Significant results have been achieved in the reform of mixed ownership. Substantive steps have been taken in terms of the “Market-oriented recruitment, contractual management” of managerial force.
With “co-creation, co-progress, win-win” as the core value, “to provide employees with benefits and a harmonious environment” as the goals, SISG is dedicated to promote benefit sharing with its customers, employees, shareholders and society. The corporate culture of SISG has gradually been accepted by its staff and the society, and is playing an increasingly important role in binding the staff together and improving SISG’s corporate image.
It obtained the title of “Top 10 Brands” awarded by five committees including the Publicity Department of Shandong Provincial Party Committee, and the title of “Unit of Special Contributions to the Cultural Construction of Enterprises” issued by China Commercial Federation.
Sticking to the high quality development as its goal, promoting transformation and upgrading through structural adjustment and industrial diversity, SISG plans to increase its efficiency and benefits in three years.
Under the Guidance of the Three Years’ Plan to Replace Old Growth Drivers with New Ones, SISG takes “Four Excellences (optimized management structure, quality efficiency as priority, good political ecology and excellent enterprise culture)” and “Four Enjoys (motivated development, leading industry position, rich employee welfare and benefit and good reputation of brand)” as its basic connotation. A new splendid blueprint of SISG is to be built in two steps, with characteristics of “reform genes, market elements, innovation quality and humanistic feelings”.