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Is it true that Baosteel 202 1 acquired Jiugang?
1. Baosteel's acquisition of Jiugang is false. Jiugang Group is a large state-owned enterprise in Gansu Province, which is wholly owned by local SASAC and cannot be acquired by Baosteel for the time being.

2. Jiugang Group was established in 1958, which was one of the key construction projects during the First Five-Year Plan period. It is the largest production base of carbon steel and stainless steel in northwest China, forming a diversified industrial pattern. It has Jiayuguan Headquarters, Lanzhou Yuzhong and Shanxi Yicheng three steel production bases, with steel production capacity of100000 tons (including stainless steel100000 tons), and its main technical equipment level ranks among the advanced in China. Since 1985, JISCO has been ranked among the top 500 industrial enterprises in China. In 20 10, it ranked 155 among the 500 largest industrial enterprises in China and 70th among the 500 largest manufacturing enterprises in China. Strive to enter the top 500 Chinese enterprises with 100 by the end of the Twelfth Five-Year Plan, and build Jiugang into an international large-scale enterprise group with core competitiveness and strong comprehensive strength.

Specific products and services include:

Iron and steel metallurgical products and metal products

1. high-speed wire rod: production and sales of ∮5.5-25mm plain carbon steel series, ∮5.5-8.0mm covered electrode steel series, ∮5.5-6.5mm welding wire steel and steel velvet steel series, ∮5.5- 14.0mm high carbon steel and cold-rolled steel.

2. Steel bar: produce and sell ∮8.0-40mm smooth and ribbed straight steel bar.

3. Medium plate: It produces and sells series of ordinary carbon steel, medium carbon steel, container steel, low alloy steel, bridge steel and pipeline steel with a width of 1600-2700mm, a length of 2.0- 12.5m and a thickness of 6-40mm, and series of ship plates and high-strength construction machinery plates with a thickness of 6-6544. 4. Carbon steel coil: production and sales of common carbon steel, high-quality carbon structural steel, high-strength structural steel, automobile structural steel, low-alloy steel and pipeline steel with a width of 950- 1650mm and a thickness of 1.0- 12.7mm; Cold rolled coil with a width of 830- 1660mm and a thickness of 0.25-3mm; Galvanized plates for household appliances with a width of 830- 1660mm and a thickness of 0.25- 1.6mm, galvanized plates for high-grade buildings with a width of 830- 1660mm and a thickness of 0.3-2.5mm, etc.

5. Stainless steel coils: 300, 400 and 200 series hot rolled Kurogane coils, with a width of 950- 1600mm, a thickness of 1.8- 100 mm, a width of 750- 1600 mm ... and a thickness of/kloc. And a steel plate with a thickness of 4-80mm and a width of 1500-3200. All products meet the advanced standards at home and abroad such as GB, AISI, JIS and DIN.

6. covered electrode and welding wire products: Lanzhou Changhong Welding Material Co., Ltd., a subsidiary of the Group, is the first ship passing through China in Northwest China.