What is the difference between Baosteel and Shagang?

The differences between Baosteel and Shagang are as follows:

One is state-owned and the other is private.

Baosteel's greatest advantage is technology. It has the largest output of high-end steel products in China, with a high profit rate, but its share capital is too large and its growth is a bit poor, but its dividend is very rich.

Anshan Iron and Steel Co., Ltd. is very active, with ups and downs, which is very suitable for making bands. It is very clear on the K-line chart. Angang is a large amount of iron ore, and its self-sufficiency rate is close to 100%. In addition, Angang has just reorganized Pangang, which is richer in resources and ranks first in the country in vanadium and titanium reserves. This prospect is very promising.

TISCO's biggest highlight is its participation in Jinchuan Nickel Industry, the largest nickel producer in China. Because its main business is stainless steel, there is a great demand for nickel. Participating in Jinchuan nickel industry makes its nickel purchase price very favorable, so it has unique advantages compared with other stainless steel manufacturers, and even belongs to semi-colored shares to some extent.

In the past, WISCO's electrical steel was leading in China, and its performance once broke out. However, with the influx of imported electrical steel and the launch of other domestic manufacturers, its profits have fallen sharply, and its share price has fallen sharply, even returning to the level of 2006. However, WISCO has acquired a large number of mines abroad, which may become its bargaining chip in the future.

Shagang hasn't been officially listed, but it borrowed from ST Copper, and the reorganization procedure is far from over. Shagang is the largest private steel mill in China, but I don't like it, because steel is a capital-intensive industry. The future development depends on whether each factory has rich iron ore reserves and whether each factory has its own unique technology and products. Shagang's advantages in these two aspects are not obvious.