Changsha Baosteel Steel Processing and Distribution Co., Ltd. was invested and constructed by Shanghai Baosteel International Economic & Trading Co., Ltd. It is a subsidiary of Baosteel International, one of the core industries of Baoshan Iron & Steel Co., Ltd., and was registered and established on January 13, 2011. After equity changes, the current equity structure is: Shanghai Baosteel International Economic & Trading Co., Ltd. holds 51%; Guangzhou Automobile Group Commercial & Trading Co., Ltd. holds 35%; Angang Steel Company Limited holds 14%. Based in Changsha and radiating across Hunan, Changsha Baosteel focuses on the automotive industry while also covering engineering machinery, home appliances and other products, providing users in the Hunan region with localized services such as steel sales, processing, warehousing, distribution and application technology.
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