Sinosteel Australia Pty Ltd is a subsidiary of Sinosteel Corporation based in Beijing, which is one of China's largest state owned enterprises. Sinosteel Corporation is involved in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, related engineering technical services and equipment manufacturing. There are 59 subsidiaries under the administration of Sinosteel Corporation, 40 are in China and 19 abroad. Sinosteel Corporation has a clearly-defined core business that integrates resource development, trade and logistics, project engineering and science and technology. It provides a comprehensive auxiliary service and system integrated service for steel mills and the steel industry. sinosteel
Sinosteel is one of the first state-owned enterprises that took on a global approach by launching a successful mineral resource project overseas. It has successfully established iron ore and chrome ore resource bases in Australia and South Africa.
It is a raw material supplier and sales-agent for major Chinese steel mills, some of which Sinosteel has entered into long-term strategic partnerships with. It is among the leading traders in China for iron ore, chrome ore, DRI, fluorspar, coke, manganese ore, scrap, steel products, magnetite and rare earths.
Sinosteel Australia Pty Ltd first became actively involved in Australian resources sector with the signing of the Channar Mining Joint Venture agreement in 1987. The Channar Mining Joint Venture Project is a Joint Venture between Sinosteel Channar Pty Ltd (40%), a wholly owned subsidiary of Sinosteel Australia Pty Ltd and Hamersley Iron Pty Ltd (60%). This project was one of the largest Chinese overseas investment projects.
Company Australia Website sinosteel.au