Shandong Iron and Steel Group Co., Ltd. (abbreviated as SIDG) is a key state-owned backbone enterprise under the administration of Shandong Province, established in 2008. Currently, Shandong Provincial State-owned Assets Supervision and Administration Commission holds a 2% stake in the company; Shandong Huiji Xinsheng Investment Co., Ltd. holds a 49% stake (with voting rights authorized to the Provincial State-owned Assets Supervision and Administration Commission for exercise); and China Baowu Iron and Steel Group Co., Ltd. holds a 49% stake.The company is headquartered in Jinan, Shandong Province, and has an AAA corporate credit rating. It owns industrial companies engaged in businesses such as iron and steel manufacturing, mineral resources, refractory materials, industrial finance, financial companies, information technology, international trade, urban services, and park management. It has 12 headquarters departments, 5 business centers, and holds controlling stakes in two A-share listed companies: Shandong Iron and Steel Co., Ltd. (600022.SH) and Jinling Mining Co., Ltd. (000655.SZ).
By the end of 2024, Shandong Iron and Steel Group had a registered capital of 11.969 billion yuan, a total asset value of 177.7 billion yuan, and 21,500 on-the-job employees. Its steel output ranked 10th in China and 17th globally.The Group has been listed among the A+ tier (representing "extremely strong competitiveness") in the comprehensive competitiveness ranking of Chinese steel enterprises for five consecutive years, and has been included in the Fortune Global 500 for three consecutive years. It has also won a series of honors, including "AAA Enterprise for High-Quality Development of Chinese Iron and Steel Enterprises", "National Pilot and Demonstration Enterprise for Circular Economy", "Environmentally Friendly Enterprise for Clean Production in China's Iron and Steel Industry", "Benchmark Enterprise for Green Development in the National Metallurgical Industry", as well as national-level titles such as "Green Factory", "National Unit with Special Contributions to Corporate Culture Construction", "National Demonstration Unit for Open Factory Affairs and Democratic Management", "National Excellent Unit for Ideological and Political Work in the Metallurgical Industry", and provincial-level honors like "Shandong Social Responsibility Enterprise", "Shandong Excellent Enterprise for Ideological and Political Work", and "Shandong May 1st Labor Certificate".
As a national super-large steel enterprise, a dominant enterprise in the steel industry in Shandong Province, and a strategic support force for the manufacturing strong province strategy, SISG plays a leading role in the innovation and development of the province's advanced steel material industry chain. It adheres to the development strategy of "paying equal attention to quality and scale, advancing both coastal and inland areas, and promoting both green and intelligent development", and strives to strengthen and optimize its two main businesses of "steel manufacturing" and "steel trade and service". It focuses on building Rizhao Iron and Steel Quality Base, Laiwu Quality Steel Base, Linyi Lingang Advanced Special Steel Base, Dezhou Yongfeng Short-Process High-Quality Building Materials Base, gradually forming an annual production scale of more than 20 million tons of steel, and its process technology and equipment have reached the domestic leading level.The main steel products include five series of plate and strip, plate, section steel, special steel and building materials, covering high-end equipment, marine engineering, automotive steel, power station boiler, rail transportation, white household appliances, petrochemical equipment, engineering machinery and other key areas. These steel products are sold well throughout the country and exported to more than 70 countries and regions. They have been successfully applied to important projects such as the Hong Kong-Zhuhai-Macao Bridge, Daxing International Airport, Beijing Winter Olympic Games venues, and the Arctic Yamal LNG project.More than 30 steel products have been rated as China's famous brands, Shandong famous brands, National Metallurgical Products Physical Excellent Quality Award and "Golden Cup Award".
Shandong Iron and Steel Group is firmly committed to building a world-class enterprise and focuses on forging comparative advantages in green, intelligent, and sustainable development. Upholding the core values of "Joint Creation, Mutual Progress, and Win-Win Cooperation", it has established strategic cooperative partnerships with over 100 large enterprise groups at home and abroad, working together to build and share a high-quality iron and steel ecosystem and create an interest community for the Group. Adhering to the principle of "ecology first" and pursuing green and low-carbon development, the Group took the lead in completing the ultra-low emission transformation across all iron and steel production processes and procedures in Shandong Province, becoming a demonstrator and leader in the green transformation of iron and steel enterprises in the province.It vigorously implements the innovation-driven development strategy, owning 3 national-level scientific and technological innovation platforms, 19 provincial-level scientific and technological innovation platforms, and more than 20 technology-based enterprises. It secures nearly 500 newly authorized patents each year and ranks 11th globally in the Patent Innovation Index among iron and steel enterprises.
Shandong Iron and Steel Group earnestly fulfills the political, social, and economic responsibilities of state-owned enterprises. It comprehensively strengthens Party building and leadership, further advances market-oriented reforms, and promotes the growth of state-owned capital and state-owned enterprises into stronger, better, and larger entities.
From 2020 to 2024, the Group produced a total of over 100 million tons of steel and paid nearly 30 billion yuan in taxes. It actively practices the belief of "caring for the people and promoting employee well-being", clearly aligns itself with employees, and always adheres to the principle that development is for employees, depends on employees, and shares its fruits with employees. The Group comprehensively builds a happy and harmonious new Shandong Iron and Steel, enabling all employees to take firmer steps in advancing high-quality development and igniting greater passion for realizing their dreams.
Based on the new development stage, implementing the new development philosophy, and integrating into the new development pattern, Shandong Iron and Steel Group takes high-quality development as its primary task, focuses on the striving goal of "building an iron and steel group with sustained and extremely strong competitiveness", and follows the corporate governance principles of "transparency, standardization, and efficiency". Through the "dual-drive" of production and operation plus capital operation, the Group is committed to building a new joint-venture Shandong Iron and Steel that features high Party building quality, optimized industrial structure, sufficient innovation vitality, excellent governance efficiency, sound people's well-being, clear shareholder goals, and strong comprehensive strength, thereby demonstrating the responsibility and actions of Shandong Iron and Steel in advancing the practice of Chinese-Style modernization in Shandong Province.
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