Shanghai Baosteel International Economic & Trading Co., Ltd. (Baosteel International for short), a wholly-funded subsidiary of Baosteel Group, is a comprehensive trade corporation covering such businesses as mining, steel trading, processing and distribution, metal resources business, equipment and engineering business, steel product business, logistics, E-commerce and auto trading. On November 13 2001, based on the original Baosteel Group International Trade Corporation, Baosteel International was founded by merger and restructuring the trade related business within Baosteel Group. With a registered capital of RMB 1.45billion Yuan, Baosteel International possesses total assets of RMB 19.297 billion Yuan, and a staff of 2200.

Baosteel International, as a core body of Baosteel to develop its trading business, will provide Baosteel steel industry and other businesses and non-Baosteel customers with quality, reliable value-added services and strong supports, and will improve the comprehensive competitiveness of Baosteel, by restructuring and optimizing the trading and related business resources of Baosteel, fully application of modern management philosophies and information technology, and cultivating its unique core competitiveness.

Baosteel International has a profound business basis. Its predecessor, Baosteel Group International Trade Corporation, founded in 1985, dealt in import & export of commodity and technology in various varieties. In its over 20 years history, powered by China' s reform and opening-up policy, the Company grew up quickly, from bare land to a strong company, with domestic and overseas marketing network throughout China and over 10 countries and areas. With Baosteel Group and its own advantages in technology, product, services and large scale international purchasing and sales, Baosteel International had established extensive cooperation and strategic partnership relations with its customers. In 2003, Baosteel International achieved total import & export value of USD $1.858 billion and sales revenue over RMB 70 billion.

With the existing business advantages, the restructured Baosteel International is operating in Business Unit organization mode, possessing Raw Material Business Unit, Steel Business Unit, Equipment & Engineering Business Unit, Metal Product Business Unit and two subsidiaries of E-commerce and automobile trading.

As the core enterprise in Baosteel to develop trade business, the vision of Baosteel International is to become a modern trade and logistics company in 3 to 5 years, with leading position in China and strong competitiveness in international market. Taking the achievements as history, we are expecting a better future. Holding the company's core values of "Discovery, Creation and Rebound", everyone in Baosteel International will keep forging ahead with courage and determination, and spare no efforts for Shanghai Baosteel Group Corporation to be a World Top 500 company.