Changshu Baosheng Fine Blanking Steel Co.，Ltd.(BFS) is a joint venture established by Shanghai Baosteel International Economic and Trade Co., Ltd., a wholly-owned subsidiary of Baosteel, and was established in September 2013. The company is located in Changshu Hi-tech Development Zone. Covering an area of 120 mu and a total investment of approximately RMB 2 billion, the company will achieve a production capacity of 300,000 tons per year of refined steel in the next three to five years according to the “one-stage planning and phased implementation” strategy. The current annual production capacity is 100,000 tons.