#China #Steel Industry #Global 500 #Zhangjiagang #Jiangsu Shagang

Celebrating Shagang Group's 50th Anniversary

On October 8, 2025, Jiangsu Shagang Group Co., Ltd., a notable entity listed in the Fortune Global 500, held a grand ceremony in Zhangjiagang to celebrate its remarkable 50 years of growth and innovation. The event took place at the Shagang gymnasium and gathered a multitude of participants, including company executives, retired employees, worker representatives, and municipal officials. This assembly not only served as a moment of reflection on the company’s extensive history but also as a platform to outline a visionary plan for ongoing sustainable growth.

A specially produced anniversary video highlighted Shagang's impressive journey, showcasing its evolution from a modest rolling mill established in 1975 with an initial capital of just 450,000 RMB to one of the world’s leading steel producers, with an annual production exceeding 40 million tons and total assets surpassing 300 billion RMB.

Shen Bin, the Chairman and Party Secretary of Shagang Group, emphasized the commitment to the steel industry over the past five decades, focusing on long-term operational excellence and relentless innovation. He elaborated on five core strengths that have driven Shagang's success: a strategic discipline rooted in consistency and perseverance; a technology-driven spirit of innovation and leadership; operational excellence achieved through precision and profitability; a people-centric culture valuing talent and dedication; and a collaborative mindset emphasizing openness, partnerships, and shared success.

These foundational strengths have been critical in establishing and maintaining Shagang’s competitive advantage in the global market. Looking toward the future, Shagang is dedicated to its ambition of becoming a top-tier global steel company. It aims to enhance profitability, efficiency, and talent development while fostering an innovative, efficient, high-quality, smart, environmentally responsible, and transparent organization.

The company's strategic priorities are set on strengthening its core steel operations, enhancing the value and performance of its steel supply chain, expanding and reinforcing its industrial ecosystem, and pursuing balanced and synergistic diversification. These initiatives are designed to accelerate the company’s transformation toward high-end, intelligent, and sustainable growth, ensuring Shagang's long-term success as a trusted leader in the global steel industry.

The celebration encapsulated a rich history of accomplishments and a promising future as Shagang embarks on its next chapter of innovation and leadership within the steel sector.