Faced with complex global economy situation, domestic steel production capacity excess and steel market downturn, Baosteel organized annual overseas development seminar in December 16 and 17 2011 to draw strategic direction and action plan.

Group chairman Mr Xu Lejiang, GM Mr He Wenbo, Baosteel Co Ltd GM Mr Ma Guoqiang, Group Corporation deputy GM Mr Dai Zhihao, Baosteel Co Ltd deputy GM Mr Jiang Licheng, Mr Chen Ying, Mr Wang Jing and leaders in Baosteel Group Corporation relevant functional departments, Baosteel Co Ltd sales system, overseas subsidiaries, Silicon Steel Department, Baosteel International, Steel Bar and Pipe Department, Baosteel Resources, Baosteel Engineering, Baosteel Metal attended the meeting.

Mr He Wenbo stressed in his speech that in the new year, Baosteel should continue to consolidate and expand the product share in overseas markets and increase service means and service facilities input and further enhance Baosteel international brand reputation.

He said that “It should plan promotion of foreign resource industries investment and expand overseas resource network coverage, take positive measures to further strengthen Baosteel influence on the upstream market, continue to promote overseas iron and steel investment plan, adjust and improve the overseas layout of the steel industry, expand diversified industry overseas business rate and gradually raise the diversified industry international capabilities, strengthen international personnel training, make plans to arrange dynamic exchanges of domestic and overseas personnel, take measures to attract top talent from overseas to work in Baosteel, dispatch domestic high-end and high potential talents to study and work overseas.”