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Replica of the east gate of Shougang Shijingshan Factory
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| Formerly | Shougang Corporation | ||||||
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| Company type | State-owned enterprise | ||||||
| Industry | Steel manufacturing, investment | ||||||
| Founded | 1919 | ||||||
| Founder | Longyan Iron Mine Limited | ||||||
| Headquarters |
Beijing
,
China
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Area served | China | ||||||
Key people | Zhu Jimin (Chairman and Party Committee Secretary) | ||||||
| Owner | Government of Beijing [zh] (79.40%) | ||||||
| Parent | State-owned Assets Supervision and Administration Commission of the Government of Beijing | ||||||
| Subsidiaries | Beijing Shougang Co., Ltd., Shougang Tonghua (Jilin) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 首钢集团有限公司 | ||||||
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| former name | |||||||
| Simplified Chinese | 首钢总公司 | ||||||
| Traditional Chinese | 首鋼總公司 | ||||||
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| Website | www | ||||||
Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its Shijingshan district operations were moved out of the city prior to it hosting the 2008 Summer Olympics due to concerns over pollution.[1][2]
Its subsidiary and listed company, Beijing Shougang Co., Ltd. (SZSE: 000959), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of China Hong Kong, Shougang Concord International (SEHK: 697), Shougang Concord Century (SEHK: 103), and Shougang Concord Grand (SEHK: 730) .[3]
The word "Shougang" (Chinese: 首钢) is an abbreviation of its Chinese name (Chinese: 首都钢铁公司; pinyin: Shǒudū gāngtiě gōngsī; lit. 'Capital Steel and Iron Corporation'), meaning "Capital Steel".[4]: 49 Some publications also use Capital Iron and Steel Corporation as the translation of the name.[5]
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The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District,[6] with accelerated growth since the founding of People's Republic of China in 1949. It was renamed Shougang in 1967.[7] Shougang focuses its business mainly on steel industry, the corporation also runs on mining, machinery and equipment development, electronics, building, real estate, and related services, in addition, they also developed business with overseas companies in order to form Shougang as a leading multi-diverse corporation.
The steel mill was one of the largest sources of pollution in Beijing, and discussions to relocate it began in 2004 and continued off and on thereafter.[4]: 49 The mill was relocated to Caofeidian DistrictinTangshan over the period 2005 to 2010,[4]: 49 with the old site in Beijing being turned into Shougang Park.[8] The park was planned by Arup Group, and uses sustainable construction and sponge city design concepts.[9]: 51 Big Air Shougang, one of the venues of 2022 Winter Olympics, was built inside the former factory in 2019.[10] The venue has become a simple of China's urban renewal.[11]: 166 Railway station Xinshougang (Shougang Park) opened on December 31, 2021.[12]
The company has current operations in the pacific coast of Southern Perú and is known as Shougang Hierro Perú. It operates the Marcona Mine in the Marcona District, an open-pit iron mine acquired in 1992. There have been continuing labor troubles.[13][14]
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