The company is an important state-owned enterprise in Shandong Province. It was founded in 2008 by Jigang, Laigang, and units under Shandong Metallurgical Industry Corporation. Currently, China Baowu Steel Group Co., Ltd., the Shandong Provincial People's Government State-owned Assets Supervision and Administration Committee, Shandong Guohui Investment Holding Group Co., Ltd., and Shandong Caixin Asset Management Co., Ltd. hold 49%, 35.7%, 10.2%, and 5.1% of the shares respectively. The headquarters is located in Jinan, Shandong. The company has a complete production process system from coking, sintering, pelletizing, iron making, steelmaking to rolling steel, and the overall level of equipment is high. The main types of steel include medium and heavy plates, hot-rolled coils, cold-rolled coils, shaped steel, premium steel, and hot-rolled ribbed steel bars. Company honors: No. 124th in the “Top 500 Chinese Enterprises” in 2019, No. 45th in the “Top 500 Chinese Manufacturing Enterprises”; won the “Meritorious Enterprise for the 40th Anniversary of the Reform and Opening of the Steel Industry”; “National Environment-friendly Enterprise”, and its products have won honorary titles such as “Gold Cup Award for physical quality of metallurgical products”, “excellent quality products in the metallurgical industry” and “Shandong famous brand products”.
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