Currently →Home > Global> Specialized Companies
  Company:    Sinosteel Trading Co.,Ltd.
  Leader:   Feng Shuijun
  Address:   No. 8 Haidian St., Beijing, P.R. China 100080
  Email:   Phone:   86-10-62688888
  Corporation Sites:   Fax:  
Core Businesses:
The company is mainly engaged in international and domestic trade of metallurgical raw and auxiliary materials, such as importing iron ore and exporting fluorspars, bauxites, magnesites, rare earth and refractories, and in the development of metallurgical products.  
company brief introduction:

The predecessor of the Sinosteel Trading Company is the China Metallurgical Import & Export Corporation (CMIEC),which was founded in January 1980. A state-owned large-size foreign trade company,CMIEC was a result of the renovation of China's old foreign trade system under the guidance of reform and open-up policies. CMIEC was renamed as Sinosteel Trading Company on November 17, 2004 and is a wholly-funded subsidiary of the Sinosteel Corporation. Over the past 20 years, as a window of foreign trade of the Chinese metallurgy industry, the Sinosteel Trading Company has been conducting extensive exchanges and friendly co-operations with domestic and overseas companies on the basis of equality, mutual benefit and win-win, and has been active in economic and technological co-operations and foreign trade activities of all forms, greatly supporting the healthy and rapid development of China's iron and steel industry. The registered capital of the company is 80 million yuan. According to the overall deployment plan, as well as the guideline of specialized operation, of the Sinosteel Corporation, the company is now mainly engaged in such international and domestic business operations as importing raw materials, mainly iron ore, for iron and steel industry; exporting metallurgical raw and auxiliary materials, mainly fluorspars, bauxites, magnesites, rare earth and refractory materials; processing materials of the kind that have been imported or supplied by clients; developing related products; and domestic trade of relevant metallurgical products. Supported by the group's overseas resource bases and after years' market development, the Sinosteel Trading Company enjoys outstanding advantages in the international trade of iron ore. It boasts also stable long-term cooperative relations with a number of domestic and overseas clients. The Channar Iron Mine in Pilbara, Australia, is one of the biggest joint industrial projects between China and Australia. It reports a reserve of 200 million tons, comprised mainly with high-quality hematite, and produces over 11 million tons of hematite each year. Since first put into production, it has produced more than 100 million tons of iron ore in total, all of which have been sold to China by the Sinosteel Trading Company. In addition, the Sinosteel Trading Company has established good cooperative ties with suppliers of iron ore in such countries as India, Brazil and Venezuela, and imports several million tons of iron ore from these countries each year. Currently, the Sinosteel Corporation is developing new iron ore resource bases in Australia, Asia and Africa in order to lay a solid foundation for the sustainable development of the group and of the Sinosteel Trading Company. As far as the trade of iron ore is concerned, the Sinosteel Trading Company has established long-term cooperation, and signed long-term iron ore procurement and sales agreements, with dozens of large and medium-size iron and steel manufacturers, such as the Baosteel Corporation and the Wuhan Iron & Steel Corporation, as well as other upper and lower reaches enterprises For a long period of time, the Sinosteel Trading Company has managed brilliant achievements in the development and operation of its core commodities. It has been leading in China in the import volume of iron ore. It imported nearly 20 million tons of iron ores in year 2005, ranking No. 2 in the country and No.1 among trading companies. For many years, its export volumes of fluorspars, bauxites, magnesites and rare earth have stayed among the largest in China. The Sinosteel Trading Company is on a new level of operational scale. Its total amount of import and export surpassed US$900 million in year 2005, reporting a sales revenue of over 8 billion yuan. In addition, on behalf of the Sinosteel Corporation, the Sinosteel Trading Company takes care of the liaison and cooperation among members of the Iron Ore Branch of China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters as the chairing unit of the branch. In order to help promote the healthy, rapid and harmonious development of the Chinese iron and steel industry, the Sinosteel Trading Company will remain honest and pragmatic as always to safeguard, strengthen and carry forward the brand of Sinosteel. While carrying on the export and import of traditional metallurgical products, the Sinosteel Trading Company will expand and develop businesses of new products and new resources, and provide quality commodities and top-class services to domestic and overseas clients. We sincerely wish to develop long-term win-win cooperation with domestic and overseas clients.