On August 10, the list of 2020 Fortune Global 500 was announced, in which Ansteel Group ranked the 401st place with the operating revenue of 31.468 billion dollars for the year of 2019, the 7th time for Ansteel Group to be on the list. This is a significant results of Ansteel Group after actively responding to the downward pressure of steel market, accelerating high-quality development and striving to build the world first-class enterprise with the global competitiveness.

In 2019, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Ansteel Group implemented the guiding principles of the Party’s 19th National Congress and the second, third and fourth plenary sessions of its 19th Central Committee in full, and the important directives issued by General Secretary Xi Jinping. Ansteel Group closely relied on the cadres and employees to actively respond to the change of market, accelerated high-quality development, launched the comprehensive reform in all respects and continuously inspired innovative impetus. Therefore, vigorous progresses in three major battles have been made and remarkable results in improving the style of work have been achieved, the assessment target of the State-owned Assets Supervision and Administration Commission of the State Council has been completed.

The year of 2020 is the concluding year of building a moderately prosperous society in all respects and the 13th Five-Year Plan, and is also crucial for Ansteel Group to realize the first goal of the Second Congress of Party Representatives. This year, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Ansteel Group deeply implemented the important guiding principles of General Secretary Xi Jinping and the decisions and deployment of the CPC Central Committee and the State Council. Ansteel Group has focused on the epidemic prevention and control, work resumption and reform and development at the same time, and accelerated to build the order of production and operation adapting to the epidemic prevention and control. Ansteel Group fully strengthened the Party building, deepened reform, continuously stimulated innovative driver and taken multi-pronged measures to tap potential and increase efficiency and resolutely win the three major battles. Ansteel Group has withstood the test of COVID-19 epidemic, made production and operation advanced in an orderly manner and achieved a remarkable result in epidemic prevention and control.

It is said that the list of Fortune Global 500 is one of the most famous and authoritative lists for judging large-sized companies in the world. The list was issued once a year by the magazine Fortune. In 2020, its threshold is 25.4 billion dollars, an increase of 600 million dollars over the previous year.