China Baowu Steel Group
World's largest steel company by production (~130M MT in 2023, 40% larger than second-place ArcelorMittal). State-owned enterprise (central SOE). Formed from merger of Baosteel + Wuhan Iron & Steel (2016), then absorbed Magang (Masteel) in 2019, Taiyuan Iron & Steel (2021). Major wire rod producer across multiple subsidiaries.