Baosteel Group and Guangdong SASAC , the SASAC joint venture , Guangzhou, Guangdong Iron and Steel Group Co., Ltd. held 28 in the opening ceremony.
newly formed Guangdong Iron and Steel Group registered capital of 35.86 billion yuan , Baosteel Group to cash invested 28.688 billion yuan , holding 80 %; Guangdong Province and Guangzhou City, the SAC SAC respectively Shaoguan Iron & Steel Group,custom promo products, Guangzhou Iron and Steel Group equivalent to 7.172 billion yuan of net assets of state funding , combined 20% stake .

It is understood , to promote the restructuring of China's steel industry , to speed up elimination of outdated production capacity, optimize the industrial layout, and promote regional restructuring of the steel business ,faux fur throws, in accordance with national spirit, SASAC and the Guangdong provincial government ,promotional caps, under the guidance Baosteel Group and Guangdong SASAC , the SASAC of Guangzhou City, a joint venture of Zhanjiang steel base project .

Controlled by Baosteel , Guangdong Iron and Steel Group , will be in charge and leading the development of Guangdong Province, the steel industry , commitment to industry planning , decision-making , direction and coordination, construction and other projects in Zhanjiang steel base functions , the implementation of the steel quality strategy , innovation strategy , green energy-saving strategy , international strategy , to create world-class green steel production base , iron and steel products using technology and environmentally friendly energy technology R & D base , maximizing shareholder value .