The word "Shougang" (Chinese: 首钢) is an abbreviation of its Chinese name (Chinese: 首都钢铁公司; pinyin: Shǒudū gāngtiě gōngsī; lit. 'Capital Steel and Iron Corporation'), meaning "Capital Steel".[4]: 49 Some publications also use Capital Iron and Steel Corporation as the translation of the name.[5]
The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District,[6] with accelerated growth since the founding of People's Republic of China in 1949. It was renamed Shougang in 1967.[7]
Shougang focuses its business mainly on steel industry, the corporation also runs on mining, machinery and equipment development, electronics, building, real estate, and related services, in addition, they also developed business with overseas companies in order to form Shougang as a leading multi-diverse corporation.
The steel mill was one of the largest sources of pollution in Beijing, and discussions to relocate it began in 2004 and continued off and on thereafter.[4]: 49 The mill was relocated to Caofeidian District in Tangshan over the period 2005 to 2010,[4]: 49 with the old site in Beijing being turned into Shougang Park.[8] The park was planned by Arup Group, and uses sustainable construction and sponge city design concepts.[9]: 51 Big Air Shougang, one of the venues of 2022 Winter Olympics, was built inside the former factory in 2019.[10] The venue has become a simple of China's urban renewal.[11]: 166 Railway station Xinshougang (Shougang Park) opened on December 31, 2021.[12]
The company has current operations in the pacific coast of Southern Peru and is known as Shougang Hierro Perú. It operates the Marcona Mine in the Marcona District, an open-pit iron mine acquired in 1992. There have been continuing labor troubles.[13][14]
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