On July 9th, the Fortune magazine released the Global 500 2009 list. Sinosteel joined the campaign of Global 500 for the first time and ranks the 372nd honorably.
Witnessing a rapid development of national macro economy and metallurgical industry, Sinosteel has realized rapid development through market-oriented operation in recent years. Following the requirement of “Reform & Open up and Market Economy”, Sinosteel has been vigorously implementing the development strategy of “Specialization, Globalization, Industrialization, Informationization”, continuously enhancing its ability in providing comprehensive services to steel industry and steel mills, basically realized the transform from a traditional trading house to a modern production-oriented service producer. The sales revenue reached 168.4 billion in 2008. Facing the global financial crisis, Sinosteel has taken various measures to reduce cost and ill impacts, significantly enhanced the enterprise’s operation ability and anti-risk ability. Sinosteel staffs are deeply aware that listed in the Global 500 2009 is a milestone event for the enterprise, yet Sinosteel still have great room for improvement and will face new challenges. And the challenging goal of “Building Sinosteel into a large enterprise with international competitiveness, influence, as well as risk-resisting ability” requires our constant efforts.
Through recent development, Sinosteel has accumulated a strong driving force. Looking into the future, Sinosteel will fully display its advantages, with the specialized companies as its main body and applying Scie & Tech development, fighting to become a large global enterprise with global operation system and innovation ability.