Wuhan Iron and Steel Corporation
| WISCO | |
| Formerly | Wuhan Iron and Steel Corporation |
| Company type | subsidiary of State-owned enterprise |
| Industry | Iron and steel |
| Founded | 1955 |
| Headquarters | , China |
Area served | China |
Key people | Liu Xiang (Chairman and Party Committee Secretary) |
| Revenue | CN¥77.341 billion (2016) |
| (CN¥1.758 billion) (2016) | |
| (CN¥1.076 billion) (2016) | |
| Total assets | CN¥176.567 billion (2016) |
| Total equity | CN¥27.070 billion (2016) |
| Owner | Baowu Steel Group (100%) |
| Parent | Baowu Steel Group |
| Subsidiaries |
|
| Website | www.wuganggroup.cn |
| Footnotes / references in consolidated financial statement | |
| Wuhan Iron and Steel (Group) Corporation | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 武汉钢铁(集团)公司 | ||||||
| Traditional Chinese | 武漢鋼鐵(集團)公司 | ||||||
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Wuhan Iron and Steel Corporation (WISCO) is a Chinese state-owned enterprise. It started to operate in 1958 in Qingshan, Wuhan, Hubei, China.
It was administered by State-owned Assets Supervision and Administration Commission of the State Council (SASAC), but in 2016 it was merged with fellow SASAC supervised steel maker Baosteel Group.
According to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 11th in 2015 the world ranking by production volume. However, after a heavy net loss in 2015, a plan to cut the production capacity in Qingshan plant, Wuhan, in Echeng plant, Ezhou as well as in Xiangyang plant for a total of 4.42 million metric tonnes, was announced on 7 July 2016.