In 1989 the plant was marketized as a company and was subsequently renamed into Guangdong Shaoguan Iron and Steel Group Corporation (Chinese: 广东省韶关钢铁集团公司) in December 1993.

In early 2000, the enterprise was among 120 companies selected in a pilot project aimed at rapidly improving their international competitiveness.

[4] In 1997, Shaoguan Iron and Steel Group was split into 5 main subsidiaries:[5] SGIS Songshan (Chinese: 广东韶钢松山股份有限公司, incorporated on 29 April 1997), "Chung Shan Investment & Development" (Chinese: 松山置业发展, "Chung Shan Development" in short),[nb 1] "Shaoguan Iron and Steel Co., Ltd.",[nb 2] and two other subsidiaries.

[5] In the same year the shares of SGIS Songshan were floated at the Shenzhen Stock Exchange.

[9] In December 2012, the company was once more renamed into Baosteel Group Guangdong Shaoguan Iron and Steel Co., Ltd. (Chinese: 宝钢集团广东韶关钢铁有限公司).