 Its engineering and construction arm is Sinosteel Equipment & Engineering Co. Ltd., which in 2012 had revenue of $1.09 billion, making it the 188th largest construction and engineering firm in the world.International revenue accounted for $271.3 million of the overall total.The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004.