Wuhan Iron and Steel Corporation
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| subsidiary of State-owned enterprise | |
| Industry | Iron and steel |
| Founded | 1958 |
| Headquarters | Wuhan, Hubei, China |
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Area served
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China |
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Key people
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Ma Guoqiang (Chairman and Party Committee Secretary) |
| Owner | China Baowu Steel Group (100%) |
| Parent | China Baowu Steel Group Corporation |
| Website | wisco.com.cn |
| Wuhan Iron and Steel (Group) Corporation | |||||||
| Simplified Chinese | 武汉钢铁(集团)公司 | ||||||
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| Traditional Chinese | 武漢鋼鐵(集團)公司 | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Wǔhàn gāngtiě (jítuán) gōngsī |
Wuhan Iron and Steel (Group) Corporation (WISCO), is a Chinese state-owned enterprise. It started to operate in 1958 in Qingshan, Wuhan, Hubei, China.
It was administrated by State-owned Assets Supervision and Administration Commission of the State Council (SASAC), but in 2016 it would be merged with fellow SASAC supervised steel maker Baosteel Group.
According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 11th in 2015 the world ranking by production volume. However, after a heavy net loss in 2015, a plan to cut the production capacity in Qingshan plant, Ezhou and Xiangyang for a total of 4.42 million metric tonns.
The steel plant in Qingshan, was one of the 156 important construction projects of the First Five-year plan of China.
In 1997, a subsidiary, Wuhan Iron and Steel Company was incorporated to listed Qingshan steel plant in , while Wuhan Iron and Steel Group was transformed into a holding company, which acquired steel plant in Ezhou, Liuzhou (sold back to SASAC of Guangxi in 2015) and build a new plant in Fangchenggang, Guangxi.
In September 2012 Wuhan Iron and Steel Corporation agreed to acquire the automotive components manufacturer Tailored Blanks from ThyssenKrupp for an undisclosed price. At the time of the agreement Tailored Blanks had annual sales of around 700 million euros and a global market share of about 40 percent in automotive laser-welded blanks.
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