Sinosteel Corporation (S: 中国中钢集团公司, T: 中國中鋼集團公司, P: Zhōngguó Zhōnggāng Jítuán Gōngsī) is a state-owned enterprise, primarily in mining, trading, equipment manufacturing and engineering.
Sinosteel is mainly engaged in mining and processing of minerals; related trading and logistics; construction, engineering, and technical service; and equipment manufacture.
It operates in Algeria, Australia, South Africa, India, Singapore, Brazil, the European Union, Gabon, Cambodia, Indonesia, Vietnam, Turkey, Hong Kong, and Macao.
Sinosteel in 2008 completed a hostile takeover of Australian iron ore producer, Midwest Corporation, cornering 51% of the shares of the company in a A$1.36 billion acquisition.
[4] In 2022, Sinosteel was acquired and became a subsidiary of Baowu, a fellow state-owned Chinese enterprise that is the world's biggest steel maker.