Guangzhou Iron and Steel Enterprise Group Co., Ltd.

Guangzhou Iron and Steel Enterprise Group Co., Ltd.

Guangzhou Iron and Steel Enterprise Group Co., Ltd. is a patriotic education base.

Guangzhou Iron and Steel Enterprise Group Co., Ltd. (abbreviated as “GISEG”) is a municipal enterprise under the administration of Guangzhou City. Its predecessor was the Guangzhou Iron and Steel Plant, which commenced operations in 1958. It once had an annual steelmaking capacity of 5.5 million tons, China’s first continuous bar mill, the first listed company among local Chinese steel backbone enterprises, China’s first thin slab continuous casting and rolling plant, a 2030mm cold rolling mill, and a hot-dip galvanizing line for automotive panels. In 2002, 2004, 2007, and 2008, it was ranked 102nd, 80th, 209th, and 235th respectively on the list of China’s Top 500 Enterprises.

In accordance with the unified arrangements of Guangdong Province, starting in 2008, the enterprise entered a special phase involving Baosteel’s restructuring of GISEG and the environmentally-friendly relocation of GISEG to build the Zhanjiang Iron and Steel Project. In August 2011, a series of agreements for Baosteel’s restructuring of GISEG were re-signed and implemented, requiring GISEG to exit its steel manufacturing operations in Guangzhou and pursue transformation and development. By October 2013, GISEG had completely shut down its steel enterprises in Guangzhou and entered a new development phase focused on building a new GISEG.

In 2014, GISEG achieved a revenue of nearly 45 billion yuan, ranking 285th on the “2015 China Top 500 Enterprises” list.