Brief introduction of Xinjiang Bayi iron and steel co., ltd

With the care and support of the Party committee and government of the autonomous region, Baosteel Group and the people's government of the autonomous region signed the Capital Increase and Restructuring Agreement of Bayi Steel on June 65438+1October 6, 2007. Baosteel Group increased its capital by 3 billion yuan to reorganize Bayi Iron and Steel. On April 28th, Baosteel Group Xinjiang Bayi Iron and Steel Company was officially unveiled, and Bayi Iron and Steel became the holding company of Baosteel Group. Bagang currently has 39,000 employees and total assets of 23.6 billion yuan, with an annual output of 4 million tons of steel. In 2007, it is estimated that the steel output will reach 4 million tons, and the sales revenue will reach 1 654,38+0.8 billion yuan.