Is Baosteel a state-owned enterprise?

According to enterprise data, Baoshan Iron and Steel Co., Ltd. (hereinafter referred to as "Baoshan Iron and Steel") is the world's leading modern comprehensive iron and steel enterprise, the flagship listed subsidiary of China Baowu Iron and Steel Group Co., Ltd. (ranked 72nd among the Fortune Global 500 in 2020), and it has major manufacturing bases such as Baoshan in Shanghai, Qingshan in Wuhan, Dongshan in Zhanjiang and Meishan in Nanjing, and is one of the most complete iron and steel enterprises in the world. The new generation of high-strength steel for automobiles, oriented silicon steel, high-grade steel for household appliances, steel for energy and marine engineering, steel for bridges and other high-end products independently developed by the company are at the international advanced level. In 2020, Baosteel ranked 28th in Fortune China 500, and its business performance remained the first in the domestic steel industry for five consecutive years. Among the steel enterprises in the world, Baosteel ranks first in terms of automobile plate output, oriented silicon steel output, total profit and best credit rating.