Shougang Group
Chinese large steel enterprise
Last updated October 12, 2026
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Overview
Shougang Group Co., Ltd. (Chinese: 首钢集团有限公司), formerly known as Shougang Corporation, is a major state-owned enterprise based in Beijing, China. Founded in 1919, it is one of China's oldest and most prominent steel producers. Over the years, Shougang has diversified into mining, real estate, environmental services, and technology-related industries. Shougang originated as the Shijingshan Steel Plant in Beijing's Shijingshan District in 1919. It was renamed "Shougang" (short for "Capital Steel") in 1967. For decades, it was one of the largest steel producers in northern China. Due to growing environmental concerns in the capital, Shougang began relocating its steelmaking operations to Caofeidian District in Tangshan, Hebei Province, starting in 2005. The relocation was completed by 2010, freeing up the original industrial site for redevelopment. Shougang's core steelmaking activities are now centered in Caofeidian, with major subsidiaries including Beijing Shougang Co., Ltd. (SZSE: 000959) and Shougang Tonghua Iron & Steel (Jilin). Shougang produces a wide range of steel products for construction, automotive, infrastructure, and manufacturing industries. Its mining arm, Shougang Mining Company, is based in Qianxi County, Hebei, and oversees five major iron ore mines: Dashihe, Shuichang, Xingshan, Tangshouma, and Macheng. It is also involved in sand and gravel aggregate production and is pursuing automation and green mining technologies. Shougang Fushan Resources Group, listed in Hong Kong, operates three coking coal mines in Shanxi Province (Xingwu, Jinjiazhuang, Zhaiyadi) with a combined coal preparation capacity of 6.3 million tonnes per year. Shougang Hierro Perú, acquired in 1992, operates the Marcona Iron Mine in Peru, one of Latin America's major iron ore operations. Shougang Group maintains a strategic presence in Hong Kong through its red chip subsidiary, Shoucheng Holdings Limited (SEHK: 697). Originally engaged in steel and trading, the company restructured in the late 2010s and now focuses on infrastructure asset management, intelligent parking, and green energy investment across China. It serves as Shougang's offshore investment and capital platform. Following the closure of its Beijing mill, Shougang transformed the old industrial site into Shougang Park. The park integrates culture, tourism, sports, and business, and was developed using green and "sponge city" design principles. One highlight is the Big Air Shougang ski jump, constructed for the 2022 Winter Olympics. The surrounding area includes offices, convention spaces, and museums. In partnership with Sky Limit Entertainment, Shougang redeveloped the No. 1 Blast Furnace into the SoReal Metaverse Paradise, a VR and immersive technology park featuring exhibitions, e-sports, holography, and 5G applications. The theme park is part of Shougang's long-term asset management, but operations are now largely run by commercial partners.
History
Shougang’s history is rooted in Beijing’s early modern iron and steel industry. The enterprise’s origins are commonly associated with the Shijingshan Steel Plant, established in 1919 in western Beijing. During the twentieth century, the plant expanded with the growth of China’s industrial economy and became a significant producer of iron and steel. Its development helped establish Shougang as one of the capital’s principal heavy-industry employers and industrial institutions. As Beijing grew into a densely populated national capital, the location of a large steel complex increasingly presented environmental, transportation, and land-use challenges. Shougang’s traditional production base was located within an urban area that was undergoing rapid redevelopment. The company consequently pursued a major restructuring and relocation program. Steelmaking capacity was progressively transferred from Shijingshan to Caofeidian in Hebei, a coastal area with better access to ports, imported iron ore, and industrial land. The move was a central feature of Shougang’s modernization strategy and was carried out over the 2000s and early 2010s. The Caofeidian project was developed as a modern integrated steel base and became the principal symbol of Shougang’s transition from an urban steel mill to a geographically distributed industrial group. Relocation also allowed Beijing to reduce heavy industrial activity in the capital and opened the former Shijingshan site to environmental remediation and post-industrial redevelopment. Parts of the former plant area were later used for cultural, commercial, creative, and sporting purposes, giving the old industrial site a second life within Beijing’s urban landscape. Alongside relocation, Shougang broadened its portfolio. The group developed or acquired interests in mining, raw-material supply, steel processing, equipment manufacturing, engineering, logistics, environmental services, property, and related businesses. Its product strategy increasingly focused on specialized and higher-value steels, including automotive sheet, electrical steel, coated products, and other grades requiring tighter quality and process control. These businesses connected Shougang to major Chinese manufacturing industries such as automobiles, appliances, machinery, construction, energy, and transport. Shougang’s corporate system includes multiple operating companies and listed subsidiaries, meaning that individual activities may be conducted under names other than the group brand. Nevertheless, the parent group has remained a state-owned enterprise associated with Beijing municipal state-asset administration. Its strategic responsibilities have included industrial upgrading, employment and regional development, environmental improvement, and the maintenance of supply-chain capabilities in strategically important materials. In recent years, Shougang’s stated development priorities have generally included cleaner production, energy efficiency, emissions reduction, automation, digital manufacturing, research and development, and the production of advanced steel grades. The group’s history therefore combines three linked themes: the growth of a major Beijing steel producer, the relocation of heavy industry from the urban core to a coastal industrial base, and the transformation of a traditional steel enterprise into a diversified and technology-oriented industrial group.
- 2010
Caofeidian becomes the modern production center
The coastal Caofeidian base became the central symbol of Shougang’s modern integrated steelmaking strategy as production at the former Beijing site was substantially reduced.
- 2010
Former Beijing industrial site enters redevelopment
The former Shijingshan steel area began transitioning toward remediation, cultural, commercial, and urban-renewal uses.
- 2005
Beijing steel relocation program advances
Shougang’s relocation and restructuring program moved major steelmaking activity away from the urban Beijing site toward Caofeidian in Hebei.
- 1919
Origins of the Shijingshan steel operation
The enterprise’s historical origins are generally traced to the establishment of the Shijingshan Steel Plant in Beijing.
Products and positioning
A large state-owned Chinese steel and industrial group positioned around integrated steel production, advanced steel materials, resource security, industrial technology, and the modernization of heavy industry.
Flat steel
Hot-rolled steel
Hot-rolled products are produced for construction, machinery, transport equipment, energy applications, and other industrial uses. They form a fundamental part of an integrated steelmaker’s product portfolio and can also serve as feedstock for downstream processing.
Advanced flat steel
Cold-rolled and coated steel
Cold-rolled and coated products provide improved surface quality, dimensional control, corrosion resistance, and formability. They are used in automotive manufacturing, appliances, construction components, and other applications where appearance and performance are important.
Specialty steel
Automotive steel
Shougang supplies higher-strength and other specialized steels for vehicle bodies, structural parts, safety components, and automotive systems. This line reflects the group’s move toward technically demanding products for major manufacturing customers.
Specialty steel
Electrical steel
Electrical steel is designed for magnetic applications in motors, transformers, generators, and related electrical equipment. It is a value-added product whose performance depends on controlled composition, processing, thickness, and magnetic properties.
Long steel
Steel wire and long products
The group’s long-product activities include wire and other steel forms used in construction, machinery, transportation, industrial fabrication, and infrastructure. Product specifications vary across subsidiaries and production bases.
Mining and resources
Iron ore and metallurgical raw materials
Mining and raw-material activities support the group’s integrated steel value chain. They include resource development and related supply-chain functions intended to provide inputs for steel production and improve operational resilience.
Controversies
Brand decisions
2005
Relocation of major Beijing steel operationsStrategyBackground
The Shijingshan complex was increasingly constrained by Beijing’s urban expansion, environmental requirements, transportation conditions, and competing land-use priorities.
Action taken
Shougang transferred major steelmaking capacity to the Caofeidian coastal industrial area in Hebei and restructured the former Beijing production base.
Aftermath
The move created a modern coastal production center, reduced heavy industrial activity in central Beijing, and enabled redevelopment of the former industrial site.
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