VSC's 14% owned Baosteel Jingchang in Nansha is a joint venture among Shanghai Baosteel Group, Japan Mitsui Group and VSC. Leveraging on its strong shareholder base and capital support, Baosteel Jingchang continues to grow and expand. Having applying the latest technology and modern management tools, such as balance scorecard to specify measurement in finance, customers, internal operation and training and development, etc, the coil centre is able to achieve continuous improvement. Annual volume exceeded 95,000 metric tons in 2003.

Phase 2 expansion project was almost completed by end of 2003 enhancing its production capacity. In order to capture the region's booming demand from the automobile parts industry, Phase 3 expansion plan is under consideration for purchasing a piece of land to house additional facilities.