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Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

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Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

At 22 o'clock in the evening of June 30, an obituary was released on the official website of Shagang Group, Shen Wenrong, chairman of the board of directors of Shagang Group, died at 2:10 on June 30, 2024, at the age of 78.

Shen Wenrong, known as China's "Godfather of Steel" and "Iron Tsar", was born in February 1946, at the age of 18, he entered Shagang in 1968 as an ordinary fitter in Jinfeng Zha Hua Stripping Factory, 38 years old as a factory director, 58 years old led Shagang to rank first among private steel enterprises, Shen Wenrong, who has dedicated his life to steel, has achieved a generation of steel legends.

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements
Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

The legend ended, and Shen Wenrong, the head of Shagang, passed away at the age of 78

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Shen Wenrong, Chairman of the Board of Directors of Shagang Group (1946-2024)

He, life is over, but the spirit is immortal!

Shen Wenrong said in an interview with the media before his death: The original intention of our generation is to hope that the motherland will be strong, and we have been engaged in the steel industry all our lives, and we always hope that this industry can be the strongest in the world. Shen Wenrong said more excitedly: "I have no regrets about dedicating myself to steel in this life, and I want to do my best for the strength of China's iron and steel industry!" ”

At 22 o'clock on the evening of June 30, the official website of Shagang Group released an obituary: National Model Worker, Outstanding Builder of Socialism with Chinese Characteristics, 100 Outstanding Private Entrepreneurs in the 40 Years of Reform and Opening-up, Outstanding Communist Party Member of Jiangsu Province, Comrade Shen Wenrong, Chairman of the Board of Directors of Jiangsu Shagang Group, died at 2:10 on June 30, 2024, at the age of 78.

There have been several legendary figures in the steel industry at home and abroad, such as Ken Everson, the founder of Nucor Steel in the United States, and Park Taejun, the founder of Pohang Iron and Steel in South Korea, etc., in China, Shen Wenrong is also a well-deserved "legendary figure", he is known as China's "steel godfather", "steel czar".

At the age of 18, he entered the factory as an ordinary fitter, at the age of 38, he became the director of the steel plant, and at the age of 58, Shagang, which had a "grassroots" background, ranked first among China's private steel enterprises. In the Fortune Global 500 list announced in 2023, Shagang Group ranked 348th. At present, Shagang Group, headquartered in Zhangjiagang City, Jiangsu Province, is now a large private iron and steel enterprise and a national innovative enterprise, with five production bases in its main steel industry, and two listed companies of "Shagang Co., Ltd." and "Fushun Special Steel".

On the 2024 Hurun Global Rich List, Shen Wenrong of Shagang Group has a net worth of 37.5 billion yuan, ranking 613th.

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Shen Wenrong

Shen Wenrong, born in February 1946, his ancestral home is Lianxing Village, Jinfeng Town, Zhangjiagang City, Jiangsu Province.

After graduating from Bluestar Xinlian Primary School, Shen Wenrong studied at Leyu Shuangqiao Middle School in Changshu County; In July 1962, Shen Wenrong, who returned home to farm, changed from a scorer of the production team to the deputy captain of the 3rd team of Lianxing Village, Shazhou County, because of his willingness to contribute and meticulous work. During this period, Shen Wenrong became a student of Jinfeng Cotton Processing Machinery School in Shazhou County from May 1965 to 1968; After graduation, 18-year-old Shen Wenrong entered Shagang's predecessor Jinfeng Zip Flower Stripping Factory in 1968 as an ordinary fitter.

In December 1968, Shen Wenrong became the deputy director of the machine repair workshop of Jinfeng Zha Flower Factory in Shazhou County, Jiangsu Province, and later joined the party in 1974, and became the deputy director of Jinfeng Zha Flower Factory in October of the same year. In 1979, Shen Wenrong, then the deputy secretary of the party branch of the Bluestar Zha Flower Factory, married Chen Honghua, a rural teacher; Chen Honghua is a "worker, peasant and soldier college student", and it is said that her criteria for choosing a mate back then "only required to be a party member".

According to Shen Wenrong's later recollections, when the flower factory carried out technical transformation every year, it could only allocate 500-600 kilograms of steel, which was far from enough; Shen Wenrong said: "At that time, the entire Shazhou County only allocated 4.8 tons of steel a year through state funding. ”

Zhang Yaosheng, then secretary of the Party branch of the Zha Hua Factory, proposed that the whole county was engaged in construction, and steel had become a scarce material, so why didn't we make steel ourselves? In 1975, with a financial loan of 200,000 yuan from Shazhou County, plus the 250,000 yuan of funds accumulated by the Zha Hua Factory, a small rolling workshop was established, and Shen Wenrong became the head of the preparatory team for the construction of the rolling mill in Shazhou County.

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Jiangsu Shagang Group inaugural meeting

In 1976, the trial production of steelmaking was successful, and in November of this year, Shazhou County Rolling Mill was renamed Shazhou County Iron and Steel Plant, which is the predecessor of today's Shagang Group. In 1979, the then Shazhou County Iron and Steel Plant wanted to apply for a state-owned enterprise, but it was unsuccessful, which also laid the innate conditions for Shen Wenrong to become a "steel legend".

In October 1984, Shen Wenrong, who was only 38 years old, took over the handsome banner of Shagang from the old factory director and served as the secretary of the Party Committee and the director of the Zhangjiagang Iron and Steel Plant in Jiangsu Province. In 1988, Shagang built 7 window frame steel production lines, with an annual production capacity of 130,000 tons, occupying 60% of the market share, and its capital accumulation exceeded 100 million yuan. By 1991, with the production lines put into operation one after another, coupled with the booming production and sales of the steel market, before Shen Wenrong became the general manager and party secretary of Jiangsu Shagang Group in September 1992, shagang was already known as "the model of the third revolution in China's iron and steel industry".

In June 1996, Shagang Group was formally established, with Shen Wenrong as the general manager, and the year before, he served as the deputy secretary of the Zhangjiagang Municipal Committee of the Communist Party of China. In this year, Shagang and POSCO of South Korea jointly produced cold-rolled stainless steel sheets, and became the largest stainless steel production base in China. In 2001, Shen Wenrong invested 1.6 billion yuan to buy Hosch Steel from ThyssenKrupp in Germany, and since then, Shagang Group has become a steel kingdom integrating upstream and downstream. Since then, Shen Wenrong has led Shagang Jiangsu Huaigang, Henan Anyang Yongxing Iron and Steel, Jiangsu Xinrui Special Steel, Wuxi Xixing Iron and Steel and other successful mergers and acquisitions, in 2011 to achieve the listing of "Shagang shares", and then in 2017 to participate in the reorganization of Northeast Special Steel, making Shagang Group sit on "Shagang shares" and "Fushun Special Steel" two listed companies.

Today, Shagang Group has become the largest private steel enterprise in China, with a crude steel output of 40.54 million tons in 2023, ranking fourth in China and sixth in the world. According to the group's official website, its non-steel industry investment mainly includes five categories: resources and environment, trade and logistics, financial industry, new materials, and service industry, with a cumulative investment of tens of billions of yuan.

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

There are successors, and Shen Wenrong's spirit of "being proud of struggle" is immortal

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Shen Wenrong

Shen Wenrong is a legendary figure in China's steel industry, and his death is a model departure, which seems to be the insignificance of an era. Shen Wenrong, who has dedicated his life to the steel industry, has also been proud of his struggle, daring to take risks, always focused and persistent, and has never given in to management. ”

Shagang began in 1975, and in the past 49 years, every great change and advancement of Shagang is the crystallization of Shen Wenrong's tireless pursuit and unremitting spirit of striving to strengthen steel. At that time, Shen Wenrong refused to stay in the position of "first brother" of window frame steel, and in 1988, he took out all his family funds and acquired a 75-ton ultra-high power electric furnace steelmaking, continuous casting, and continuous rolling short-process production line in the United Kingdom, so that Shagang could leap to the forefront of the industry. As Shen Wenrong said later, if shagang still stays on the window frame steel, the company may not go far.

In an interview, someone asked Shen Wenrong what advice he had for the new generation of entrepreneurs in starting a business? Shen Wenrong suggested that to be a boss, you must have the mentality of part-time work, so that the boss can do well. He said: "We are actually the biggest workers, don't feel that being a boss is terrible, don't feel that being a boss is enjoyment, the boss is just doing a little more than others, thinking a little more." This is the thinking of our generation of business leaders, not to think about being the boss easily, but to be prepared to endure hardship. ”

Shagang will always maintain a high-spirited and promising attitude, bear in mind the "great man of the country", take the initiative to take the initiative, and strive to build a world-class steel enterprise with leading benefits, leading efficiency and leading talents, and build a "century-old shagang" with an everlasting foundation and a model of sustainable development of the real economy, and make new and greater contributions to the construction of a strong country and the great cause of national rejuvenation with the practical actions and results of high-quality development. This is Shen Wenrong's "centennial vision" depicted for Shagang Group, he has dedicated his life to steel, although his life has ended, but the spirit is immortal, I believe that the times have their own trajectory!

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Shen Bin, Secretary of the Party Committee, Executive Executive Director of the Board of Directors and Chairman of Shagang Group

Although a steel giant has gone, the road of struggle of Shagang for a hundred years has only reached half the way, and the follow-up road is still far and long. In the past few years, Shen Wenrong's eldest son, the current Secretary of the Party Committee of Shagang Group, Executive Executive Director of the Board of Directors, and Chairman of the Co., Ltd., Shen Bin, has already taken over and become the head of the new generation of Shagang.

On the issue of choosing a successor, Shen Wenrong once said: "Shagang is not a family business, no matter what kind of ownership of the enterprise, we must hire the best people, who has the ability to build the enterprise into a century-old factory, who has more mass base, who will be on it." In June 2016, Shen Wenrong resigned as the legal representative and chairman of Shagang Group, and his eldest son Shen Bin served as chairman.

Born in 1979, Shen Bin went to the United Kingdom to study in 2001, studying for a master's degree in economics, after returning to China, he had external experience, in a foreign trade company to do finance, and then to Hong Kong a shipping company as a finance, in 2006 into Shagang, also from the accountant, and later became the financial director, and then in 2010 in charge of the group's party affairs and in charge of cadre personnel management, etc., and even served as the chairman, Shen Wenrong's succession training of Shen Bin can be described as "ten years of grinding a sword".

In 2011, Shen Wenrong carried out a management reshuffle on the basis of the previous adjustment of the internal management structure and equity structure of Shagang Group, and he resigned from the position of long-term president of the group, and handed over to Gong Sheng, who worked in Shagang after retiring from the army; At that time, Shen Bin entered the "7-member group" of the board of directors, the highest decision-making structure of Shagang Group, as the executive executive director, creating conditions for entering the succession training plan. Over the past few years, under the leadership of Shen Bin, the "young marshal", shagang has continued to rank among the best in the steel industry in terms of revenue scale and efficiency level.

Shagang Shen Wenrong passed away, became a fitter at the age of 18, and devoted his life to the legend of steel achievements

Shen Qian, assistant to the president of the board of directors of Shagang Group, vice chairman and general manager of Jiangsu Shagang Investment Holdings

"Go into battle as a father and son soldier, and fight tiger brothers." In addition to the eldest son Shen Bin, in the past few years, Shen Wenrong's youngest son, Shen Qian, who is currently the assistant to the president of the board of directors of Shagang Group, and the vice chairman and general manager of Jiangsu Shagang Investment Control, has also done a good job on the career stage.

Born in 1988, Shen Qian returned to China in 2012 after graduating from De Montfort University in the United Kingdom with a master's degree, and worked as an ordinary employee in Shagang Group, and was stationed in Shagang's branch in Singapore as a senior manager of the market development department.

Later, Shen Qian led the futures hedging operation of Shagang Group, and in 2016, under his leadership, Shagang's bulk commodity trading sector was relocated to Shanghai Lujiazui Office, and since then, Shen Qian has also emerged in the investment field, such as completing the reorganization of Northeast Special Steel and Fushun Special Steel; For another example, he also initiated the creation of the "Sands Fund".

As we all know, including Zangge Mining, Zhongqingbao, Ogilvy Medical, Rongbai Technology, Industrial Bank, Jinshiyuan, Bank of Suzhou, Zhangjiagang Bank and other well-known listed companies, there have been "flash" "shagang system" figure, and all of this is inseparable from Shen Bin, Shen Qian and other shagang new generation management to forge ahead.

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