Company Profile For Baoshan Iron & Steel Co., Ltd.

Baoshan Iron & Steel Co., Ltd. is mainly engaged in the manufacture and trading of steel products. The Company's major products fall into three categories: carbon steel, stainless steel and special steel. The carbon steel products include hot rolled steel plate products such as hot rolled steel sheets/coils and wide heavy steel plates; cold rolled steel plate products such as general cold rolled steel flakes, pot galvanizing, electro galvanizing, electro tinplate and others; steel tube products including seamless steel tubes and high frequency welded (HFW) pipes; steel wire products such as steel cords, spring steel wire rods and cold heading steel wire rods; as well as steel billet products. The stainless steel products include hot rolled and cold rolled stainless steel products. The Company's products are mainly used in industries such as automobile, household electrical appliance, petrochemical, machinery manufacture, transportation and architectural decoration.

BRIEF: For the nine months ended 30 September 2009, Baoshan Iron &Steel Co., Ltd.'s total revenues decreased 33% to RMB106.51B. The Company's net income for the period decreased 69% to RMB3.70B. Total revenues reflect a decrease in sales as a result of weak market demand for steel. The Company's Net income for the period also suffered from lower gross profit margin, as well as an increase in finance expense.

Baoshan Iron & Steel Co., Ltd.
South Block, Baoshan Hotel
1813 Mudanjiang Road
Baoshan District
Shanghai   SHA   201900
P: +8621.26647000
F: +8621.26646999

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