Sinosteel Corporation abbreviated as Sinosteel is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 86 subsidiaries under the administration of Sinosteel, among which 63 are in China and 23 abroad. In 2009, the core businesses revenue of Sinosteel reached RMB 164 billion, ranking the 352nd of World Top 500 according to the 2010 Fortune’s list. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multi-national enterprise with clear-defined core businesses that integrate resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills.