Shougang Group Co., Ltd. ( zh, s=首钢集团有限公司), formerly known as Shougang Corporation, is a major

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

based in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. Founded in 1919, it is one of China's oldest and most prominent steel producers. Over the years, Shougang has diversified into mining, real estate, environmental services, and technology-related industries.

History

Shougang originated as the Shijingshan Steel Plant in Beijing’s

Shijingshan District Shijingshan District () is an urban district of the city of Beijing. It lies to the west of the urban core of Beijing, and is part of the Western Hills area, bordering the districts of Haidian to the northeast and east, Fengtai to the south, an ...

in 1919. It was renamed “Shougang” (short for “Capital Steel”) in 1967. For decades, it was one of the largest steel producers in northern China. Due to growing environmental concerns in the capital, Shougang began relocating its steelmaking operations to Caofeidian District in

Tangshan Tangshan ( zh, c=唐山 , p=Tángshān) is a coastal, industrial prefecture-level city in the northeast of Hebei province. It is located in the eastern part of Hebei Province and the northeastern part of the North China Plain. It is located in t ...

, Hebei Province, starting in 2005. The relocation was completed by 2010, freeing up the original industrial site for redevelopment.

Operations

Steelmaking

Shougang's core steelmaking activities are now centered in Caofeidian, with major subsidiaries including: * Beijing Shougang Co., Ltd. () * Shougang Tonghua Iron & Steel (Jilin) Shougang produces a wide range of steel products for construction, automotive, infrastructure, and manufacturing industries.

Mining

Shougang Mining Company

Based in Qianxi County, Hebei, Shougang Mining Company oversees five major iron ore mines: Dashihe, Shuichang, Xingshan, Tangshouma, and Macheng. It is also involved in sand and gravel aggregate production and is pursuing automation and green mining technologies.

Shougang Fushan Resources Group

Listed in Hong Kong, Shougang Fushan Resources operates three coking coal mines in

Shanxi Province Shanxi; formerly romanised as Shansi is a province in North China. Its capital and largest city of the province is Taiyuan, while its next most populated prefecture-level cities are Changzhi and Datong. Its one-character abbreviation is ( ...

(Xingwu, Jinjiazhuang, Zhaiyadi) with a combined coal preparation capacity of 6.3 million tonnes per year.

Shougang Hierro Perú

Shougang acquired Peru’s Marcona Iron Mine in 1992 through its subsidiary Shougang Hierro Perú. Located in the Marcona District on the Pacific coast, the open-pit mine is one of Latin America's major iron ore operations. It has faced criticism over labor practices and environmental impact.

Infrastructure Asset Management

Shougang Group maintains a strategic presence in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

through its red chip subsidiary,

Shoucheng Holdings Limited Shoucheng Holdings Limited () is a Hong Kong-based investment holding company and a red chip stock. It is a subsidiary of Shougang Group, a state-owned enterprise based in Beijing. The company focuses on infrastructure asset management and intell ...

(). Originally engaged in steel and trading, the company restructured in the late 2010s and now focuses on infrastructure asset management, intelligent parking, and green energy investment across China. It serves as Shougang’s offshore investment and capital platform.

Shougang Park and Redevelopment

Following the closure of its Beijing mill, Shougang transformed the old industrial site into Shougang Park. The park integrates culture, tourism, sports, and business, and was developed using green and “sponge city” design principles. One highlight is the Big Air Shougang ski jump, constructed for the

2022 Winter Olympics The 2022 Winter Olympics, officially called the XXIV Olympic Winter Games () and commonly known as Beijing 2022 (2022), were an international winter multi-sport event held from 4 to 20 February 2022 in Beijing, China, and surrounding areas wit ...

. The surrounding area includes offices, convention spaces, and museums.

SoReal Metaverse Theme Park

In partnership with Sky Limit Entertainment, Shougang redeveloped the No. 1 Blast Furnace into the SoReal Metaverse Paradise, a VR and immersive technology park featuring exhibitions, e-sports, holography, and 5G applications. The theme park is part of Shougang's long-term asset management, but operations are now largely run by commercial partners.

References

External links

Official website of Shougang Group
{{Authority control Manufacturing companies established in 1919 Steel companies of China Companies owned by provincial governments of China Manufacturing companies based in Beijing Chinese companies established in 1919 1919 establishments in China