Wuhan Iron and Steel Corporation

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Wuhan Iron and Steel Corporation

Trade name	WISCO
Formerly	Wuhan Iron and Steel Corporation
Company type	subsidiary of State-owned enterprise
Industry	Iron and steel
Founded	1955
Headquarters	Wuhan, Hubei , China
Area served	China
Key people	Liu Xiang (Chairman and Party Committee Secretary)
Revenue	CN¥077.341 billion (2016)
Operating income	(CN¥01.758 billion) (2016)
Net income	(CN¥01.076 billion) (2016)
Total assets	CN¥176.567 billion (2016)
Total equity	CN¥027.070 billion (2016)
Owner	Baowu Steel Group (100%)
Parent	Baowu Steel Group
Subsidiaries	Echeng Iron and Steel Guangxi Iron and Steel
Website	www.wuganggroup.cn
Footnotes / references in consolidated financial statement[1]

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.^[2] 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.^[3]