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Overseas business

Overseas business

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  CSGI represents Shougang to conduct overseas investment and to operate Shougang listed companies in Hierro Peru S.A.. CSGI has over 10 subsidiaries distributed in the world and the total overseas capital is 22.1 billion yuan.


Hierro Peru S.A.(SHP)

  On December 1, 1992, Shougang Group purchased 98.4% shares of Hierro Peru, and obtained permanent right of prospecting for exploiting and operating all the mineral resources in its concession area of 670km2. It has been verified that SHP iron ore reserve totals 1.681 billion tons accompanied with metallic resources such as cupper, cobalt, lead, and zinc, etc., as well as nonmetallic minerals such as dolomite and bentonite.
  The current annual production capacity of SHP is 10 million tons, with such products as Blast Furnace Pellets,Direct Reduction Pellets, Pellet Feeds, Sinter Feeds,Calibrated Sinter Feeds, etc., of which over 60% are sold to China and the rest to Asia, America,Europe as well as the local market.
  SHP also owns a power plant with the installed capacity of 62MW and a deep-water port to receive a ship with a tonnage of 200,000.



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