Weifang Special Steel Group, established in 1993, currently has total assets of over 10 billion yuan ($1.41 billion), covers an area of 4,000 mu (about 267 hectares), and employs over 6,000 people. The group is a major steel manufacturer integrating iron smelting, steelmaking, rolling, oxygen production, waste heat power generation, and new building materials production. It is listed among China's top 500 manufacturing enterprises, top 100 private enterprises in Shandong province, and top 10 enterprises in Weifang.
Currently, the company's production of high-speed wire rods and special steel bars includes over 50 different specifications which are sold to 34 provincial-level administrative regions across China. Its products are also exported to more than 20 countries and regions in Asia, Europe, and America.