Baosteel Contributes to the Olympic Cause

On August 8, the much-anticipated 2008 Beijing Olympic Games is to open. At the moment of happiness in the whole country, Baosteel, one of the world's top 500 enterprises, and leader of China's iron and steel industry-reaches out, to contribute to the Olympic Games with a strong sense of social responsibility.

According to the statistics, in more than 10 Olympic stadiums like the "Bird nest"(the National Stadium) and related projects, a total of 70,000 tons of high-quality steel products of Baosteel has been used. In addition, Baosteel also donated 1 million US dollars to the Olympic Museum in Lausanne, Switzerland, becoming the world's only steel enterprise donor in the Olympic Museum Donator Wall.

After Beijing's successful Olympic bid, Baosteel actively participated in the supply of steel for the Olympic projects with high sense of political responsibility and mission, and has set up a supply center of key engineering materials and a steel research and development team for the Olympic Projects, that communicated and exchanged views with the construction headquarters, the Beijing Urban Construction Group and other construction companies for many times, to launch new product development ahead of time.

Just within a few months, a number of high-grade, high-performance structural steel, such as Q345GJ, Q420 and so on, were successfully developed and applied to the "Bird nest" and other Olympic stadium construction..

The Olympic projects and the integrated projects are mostly implemented when the design, purchase and construction are intercrossed, with a tight schedule and frequent design changes which bring about a lot of difficulties to the supply of material for the projects. In the process of material supply for the "Bird nest", Baosteel made every efforts to cut the original delivery period from one and a half months to half a month.

Baosteel also brought into full play the industrial chain integration synergies, and formed a complete industrial chain from raw material supply to the steel structure design, manufacture and installation. For projects like new CCTV tower, Baosteel not only supplied high-quality steel, but also made the design of steel structure; in the Beijing Automobile Museum project known as the "Big Eye", Baosteel Supervision Company won the bid and became the only one supervision company participating in Olympic construction project.

For the main Olympic stadiums Bird nest (National Stadium),Water Cube (National Aquatics Center),National Gymnastic Center,National Convention center,Hong Kong Olympic Equestrian Venue,and the integrated stadiums, New CCTV tower, Terminal Three of Capital International Airport, Baosteel supplied over 70, 000 tons steel, including Heavy Plate, Hot Rolled Plate, Color Coated Plate and so on.

Baosteel made its active contributions to the localization of steel for the Olympic projects. Last year, Beijing Municipal Government Olympic Project Construction Headquarters and China Iron and Steel Association jointly commended 9 steel enterprises that made outstanding contributions in the construction of the Olympic stadiums, in which Baosteel ranked the first.

Baosteel's passion for the Olympics is also reflected in its active support for the Olympic cause in the globe. On November 28, 2006, Baosteel submitted a Donation Application to the Olympic Museum, promising to donate one million US dollars, and thus, Baosteel became the first and only steel enterprise applying for donation.

After paying the visit to Baosteel, Mr. Gabett, director of the Olympic Museum thinks that Baosteel is one of the best enterprises in donation. On February 2, 2007, Baosteel signed Donation Agreement with the Olympic Museum, and the donated fund will be used for sustainable development of the Olympic Museum and Spreading of the Olympic spirit.

On June 12 of the same year, the bright China's national flag was raised in the square of the Olympic Museum, and the name of Baosteel was engraved on the Donors' Wall of the Olympic Museum. In the donation ceremony, Jacques Rogge, president of International Olympic Committee said that: "From now on, the name of Baosteel will live in the Wall of the Olympic Museum forever, and the world will focus their attentions on Baosteel and Beijing Olympics!