The company was founded in 1937 and listed on the Shanghai Stock Exchange in December 2000. The company leads the development of special steel materials in China by developing and producing “high, fine, sharp, strange, difficult, scarce, special, and new” products to meet the country's special steel material needs. It is an important R&D and production base for special steel materials in China, and is known as the “cradle of special steel in China”. The company's main business is R&D and manufacturing of special steel and alloy materials. The main products are high temperature alloys, ultra-high strength steels, stainless steel, tool steels, automotive steels, titanium alloys, high-grade mechanical steels, bearing steels, etc.