The company was founded in 1957 and has now developed into a large modern enterprise group with a “2+2” industrial pattern with intelligent steel manufacturing and modern distribution as strategic advantage industries, and energy saving, environmental protection, and digital technology as strategic emerging industries. The registered capital of the company is 5 billion yuan. The shareholders are 90% of the shares held by the State-owned Assets Supervision and Administration Commission of the Zhejiang Provincial People's Government and 10% of the shares of Zhejiang Financial Development Co., Ltd. It has 35 first-class holding companies, including 2 listed companies, Hanggang Steel Co., Ltd. and Feida Environmental Protection, respectively. The company belongs to the steel industry. Its main business is the production and sale of steel and its rolled products. The business model is based on self-production and self-sales, and also trades in some nuclear fuel materials and steel. The company's main products are hot-rolled coils, and the consumer industries are cold-rolled rolling, construction steel (steel structure), container manufacturing, pipeline manufacturing, automobile manufacturing, shipbuilding, knife mold and other industries. Corporate honors: For the first time, it received honorary titles such as Water Efficiency Leader in the National Steel Industry, Advanced Greening Unit of the China Iron and Steel Industry Association, Zhejiang Ecological Civilization Education Base, and Ningbo Ecological Civilization Education Base.
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