Xiwang Special Steel Co., Ltd. (the Company) is a leading manufacturer of high-end special steel. Its main business is located in Shandong Province, China. The Group was founded in 2003 and listed on the main board of the Stock Exchange on February 23, 2012. The Group's production base is Xiwang Industrial Park, Zouping City, Shandong Province, China. It has an integrated production process from ironmaking and steelmaking to secondary metallurgy, die casting, continuous casting and rolling steel. The Group's products include ordinary steel mainly used in construction and infrastructure projects and special steel for high-speed rail, automobiles, marine ships, wind power, bearings, petrochemicals, machinery and equipment. The Group has two production models: (1) using scrap steel as raw material to produce steel through electric arc furnaces; (2) using iron ore converted into sintering material in a sintering furnace to produce iron water through a blast furnace, and then steel is made from a converter. By using different raw materials to control costs and product combinations, the Group has made the Group's production model more flexible. The Group produced and sold ordinary steel and special steel during the year, and mainly traded raw materials such as iron ore powder and pellet ore. Ordinary steel mainly includes bars and wires, while special steel includes high-quality carbon structural steel, alloy structural steel, bearing steel and steel ingots. The details are as follows: 1. Ordinary steel Bar material Bars are mainly used in construction and infrastructure projects. The cross-sectional diameter of the Group's bars ranges from 12 mm to 40 mm. wire The Group manufactures ribbed and optical circular wires, both of which have cross-sectional diameters between 5.5 mm and 14 mm. The Group's wires are used in the construction and infrastructure sector. 2. Special steel High quality carbon structural steel The Group's high-quality carbon structural steel products include bars and wires (cross-sectional diameters between 5.5 mm and 350 mm). The carbon content of high-quality carbon structural steel is less than 0.8%, and the content of sulfur, phosphorus and non-metals contained in it is also lower than that of ordinary carbon structural steel. Due to its high purity, the mechanical properties of high-quality carbon structural steels (such as bending strength and tensile strength) are superior to ordinary carbon structural steels, and are mainly used in construction and infrastructure. Alloy structural steel Alloy structural steels are mainly used in machinery. The group added manganese, silicon, nickel, chromium and molybdenum to change the chemical composition of alloyed structural steels to achieve ideal steel properties. The Group's alloy structural steel products include bars (cross-sectional diameters between 5.5 mm and 350 mm). Bearing steel The cross-sectional diameters of bearing steel bars and bearing steel wires produced by the Group range from 5.5 mm to 150 mm, and are used to manufacture roller or ball bearings in the automotive industry. The group's bearing steels are quite pure, so the structure is stronger than ordinary steel. Steel ingots The steel ingot products produced by our company can be used in transportation, energy and electricity, petrochemical, marine engineering, aerospace, and weapons and equipment industries. The Group's products include wide and thick slabs, round ingots, square ingots, shuttle ingots and hollow ingots, etc., with sizes ranging from 3 tons to 80 tons.
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