China Baowu Steel Group
World's largest steel producer by output: 130.09 million metric tons of crude steel in 2024 (vs. ArcelorMittal at 65M MT — nearly 2x its nearest rival). Revenue 1.11 trillion yuan; Fortune Global 500 rank #44 (2024). Formed 2016 from merger of Baosteel (Shanghai) and WISCO/Wuhan Iron & Steel. Key structural steel plants: Baoshan (Shanghai) and WISCO (Wuhan) for medium-to-heavy plate. Likely primary structural steel supplier for ZPMC crane manufacturing given geographic proximity (both Shanghai-based). Produces Q355, Q460, and other Chinese-standard high-strength structural steel grades for machinery, shipbuilding, and infrastructure.