20% of China's top 100 corporations are steelmakers

20% of China’s top 100 corporations are steelmakers

Major global rating company Standard & Poor's listed the top 100 corporations of China according to their 2004 revenues. China Petroleum and Chemical tops the list with revenue of RMB 590.6 billion ($72.88 billion). Steelmakers accounted for nearly one-fifth of the companies in the top 100. They include: 8) Baoshan Iron & Steel (RMB 58.6 billion ($7.23 billion) 19) Maanshan Iron & Steel (RMB 26.8 billion ($3.31 billion) 22) Wuhan Iron and Steel (RMB 24.14 billion ($2.98 billion) 24) Hunan Valin Steel Tube & Wire (RMB 23.8 billion ($2.94 billion) 25) Angang New Steel (RMB 23.2 billion ($2.86 billion) 29) Tangshan Iron & Steel (RMB 21.9 billion ($2.7 billion) 33) Handan Iron and Steel (RMB 19.45 billion ($2.4 billion) 35) Jinan Iron & Steel (RMB 19.14 billion ($2.36 billion) 40) Laiwu Steel (RMB 17.35 billion ($2.14 billion) 41) Bengang Steel (RMB 17.35 billion ($2.14 billion) 42) Inner Mongolia Baotou Steel (RMB16.25 billion ($2 billion) 51) Panzhihua New Steel & Vanadium (RMB 13.44 billion ($1.66 billion) 55) Anyang Iron & Steel (RMB 12.92 billion ($1.59 billion) 68) Nanjing Iron & Steel (RMB 10.23 billion ($1.26 billion) 70) Guangzhou Iron & Steel (RMB 10.1 billion ($1.25 billion) 73) Hangzou Iron & Steel (RMB 9.95 billion ($1.23 billion) 81) Gan Su Jiu Steel Group (RMB 8.96 billion ($1.11 billion)