Shandong Iron & Steel Group Co., Ltd (SISG) was established on Mar. 17，2008, with a registered capital of 11.193 billion RMB. SISG is the limited liability company invested by State-owned assets supervision and administration committee of shandong provincial people's government and Shandong social security fund council. The subsidiaries and auxiliary organizations of SISG include: Jinan Iron & Steel Group Ltd. Co., Laiwu Iron & Steel Group Ltd. Co., SISG Finance Company, SISG Financial Holding Company, Shandong Vocational College of Industry, SISG Mining Company, Ltd, 大乐透Shandong Refractory Materials Company, Zibo Zhanggang Ltd. Co. and three listing companies include Shandong Iron & Steel Corporation, Shandong Jinling Iron Mine Company and Luzheng Futures. By the end of 2017, the number of full employed staff and workers of SISG is 47,732 with total assets of 298.655 billion RMB.SISG ranks the 126th on the list of the China’s Top 500 Enterprises of 2018, and the 45th on the list of China’s Top 500 Manufacturing Enterprises, with a credit rating of AAA.
SISG has always been focusing on the production of high-end, high-quality and efficient products. The main steel products of SISG include plates, hot-rolled coils, cold-rolled coils, H sections, high-quality steel, special steel, hot rolled ribbed bars, etc. They are broadly used in the fields of automobile, petroleum, railway, bridge, construction, electricity, transport, machinery, ship building, light industry, home appliance, and sold in dozens of countries and areas such as the U.S., Britain, Germany, India, Japan and the Republic of Korea. SISG is a major producer of steel plates and H sections in China. Taking advantage of One Belt And One Road, SISG explores the international market vigorously. Its steel products successfully enter many International key markets, such as Yamal project. Their refractory material product gain full acknowledges by several first-class international enterprises like Posco, ThyssenKrupp and Nippon Steel and is considered as a preferential product. SISG’s multiple main businesses such as finance, steel structure, information technology and industrial zone development and operation have been explored substantially.
SISG is dedicated to promote technological innovation and talent development. SISG has built one state-level, two provincial level technology centers, a national quality inspection center, a post-doctoral research center, and a provincial level academician research center in iron and steel industry, with 3859 experts who enjoy senior professional and technical titles, 1165 postgraduates and PhDs, 14 young experts with outstanding contribution in Shandong, and 9 experts who enjoy special allowance of the state council.
Through unifying sticking the Party leadership and completing corporate governance structure, SISG gives full play to Party leading roles in the field of controlling the direction, grasping the overall situation and guaranteeing the realization. SISG Deepens reform continuously and accelerates the transformation of old and new kinetic energy. New breakthroughs have been made in various fields. The reconstruction of the state-owned capital investment corporation is progressing smoothly. Significant results have been achieved in the reform of mixed ownership. Substantive steps have been taken in terms of the “Market-oriented recruitment, contractual management” of managerial force.
With “co-creation, co-progress, win-win” as the core value, adhering to the idea of employee welfare and feelings, SISG is implementing all aspects of New Happy and Harmonious SISG construction. Dedicating to promote benefit and sharing with its customers, employees, shareholders and society, the corporate culture of SISG has gradually been accepted by its staff and the society, and is playing an increasingly important role in binding the staff together and improving SISG’s corporate image. It obtained the title of “top 10 brand” awarded by five committee including Publicity department of shandong provincial party committee, and the title of “Special contributions to the cultural construction of enterprises throughout the country” issued by China business federation.
Sticking to high quality development and further promoting the goal of "multi-main business, restructuring, clearing a path for transformation and upgrading, struggling for three years, improving quality, increasing economic benefits, ranking the top line of national steel makers", SISG takes “four excellences (optimized management structure, quality efficiency as priority, good political ecology and excellent enterprise culture) and four enjoys (motivated development, leading industry position, rich employee welfare and benefit and good reputation of brand)” as its basic connotation. An attractive SISG is being created with characteristics of “reform genes, market elements, innovation quality and humanistic feelings” by two steps.