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Private company

Shagang Group

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons3

Major Chinese steel producer

Jiangsu Shagang Group Company Limited, Jiangsu Shagang Group, Shagang Group or Shasteel is located in Zhangjiagang, Jiangsu, China, an Economic Development Zone of the Yangtze River. According to a 2008 survey conducted by the All-China Federation of Industry and Commerce (ACFIC), the company was the largest privately owned company in China at the time. It involves the production and sales of "Shagang" brand name steel products.2 Its chief executive is Shen Wenrong (since 1984).1 It employed about 45,400 people in 2021.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1975Founded1

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Jiangsu Shagang Group Company Limited, Jiangsu Shagang Group, Shagang Group or Shasteel is located in Zhangjiagang, Jiangsu, China, an Economic Development Zone of the Yangtze River. According to a 2008 survey conducted by the All-China Federation of Industry and Commerce (ACFIC), the company was the largest privately owned company in China at the time. It involves the production and sales of "Shagang" brand name steel products.2

Corporate structure

Shagang Group sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Formerly "Jiangsu Shagang Group Company Limited", it was established in 1975 with self-financing of only 450,000 Renminbi. At the end of 2007, it employs over 26,700 staff, covers an area of 10 km2, and has total assets over RMB100 billion Yuan.

The company drew the world's attention in 2001 when it acquired a steel mill (the Dortmund-Hörde plant) from German industrial giant ThyssenKrupp for 30 million euros and shipped its equipment to China where it was reassembled and resumed operation.

Shagang Group acquired the controlling stake in Huaigang and renamed it into Huaigang Special Steel in 2006. The stake floated on the Shenzhen Stock Exchange as Shagang Company in 2010. In 2015 Shagang Group sold most of the stake in Shagang Company.

In 2016, the Group headed a consortium that acquired London-based international data center Global Switch Holdings for £2.4 billion (HK$23.03 billion). The consortium bought a 49 percent stake in the company in order to expand Global Switch Holding's strategic infrastructure.

Due to ongoing overcapacity within the steel sector, Jiangsu Shagang Group purchased two internet data firms for $3.8 billion, as part of an attempt to expand into new industries for diversification. The June 2017 deal targets Jiangsu Qingfeng Investment Management Co. Ltd. and Beijing Daily Tech Co. Ltd.

From Wikipedia’s article on Shagang Group, shared under CC BY-SA 4.0.4

Leadership

Who has led Shagang Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shen Wenrong1984–now
19801990200020102020
Board members and other officers (1)

Products and brands

  • bar
  • reinforcing bar
  • sheet steel
  • steel coil
  • steel pipe
  • wire rode

Listed on Wikidata.1

The company processes some 18 million tons of iron annually in order to roll out about 23 million tons of steel each year, making it one of China's top-five steel producers. Jiangsu Shagang's product line includes rebar, wire rods, slabs, and hot-rolled coils. In addition to iron and steel, Jiangsu Shagang produces stainless steel and zinc-plated steel sheets. Since 2006, the company has acquired four smaller, rival steel companies, and it now ranks as China's largest private steel producer.

From Wikipedia’s article on Shagang Group, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. Oct 2022Nanjing Iron and Steel Company Limited became a subsidiary1
  2. 2017Dongbei Special Steel became a subsidiary1

Employees over time

  • 202145,3981

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 2021$47.1B1

Net income

  • 2021$2.3B1

Timeline

  1. Apr 21, 1984New chief executive Shen Wenrong becomes CEO1
  2. 1975Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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