The global steel industry is a highly internationalized industry, globalization strategy is the inevitable choice of Chinese steel enterprises to improve the international competitiveness, and many factors make it feasible for Chinese iron and steel enterprises to implement globalization strategy. This paper made an analysis on the overseas investment opportunities of Chinese steel enterprises from the perspective of globalization strategy, involving the resource-based commodity investment, the establishment of overseas production bases and R&D center, controlling trade channels and building strategic alliance, then sketched out the globalization strategy implementation framework of Chinese iron and steel enterprises.