Baosteel Corporation is a super large Shanghainese state-owned company run by Chairman Xu Lejiang, manufactures steel and is one of the most competitive steel company in China. It was initiated in 1998 known then as Baoshan Iron and Steel Group. Being the most competitive steel company in China, it produces a wide range of steel products for various purposes that include; automotive, transportation, stainless, household applicances, electrical, boiler, vessel, premium and high grade requirements. It also produces billets, tubes, pipes, bars, and plates, and iron and tin products uses advanced steel processing technologies and globalised strategies to operate its business. It serves markets in United States, Korea, India, Brazil, European Union and is considered to be ranked third in the world for competency.