Fujian Wugang (Group) Co., Ltd. was founded in 2010, with registered capital of RMB 2.06 billion and total assets over 7.6 billion. It is located in the typical ancient city--Fuzhou, the capital of Fujian Province. Present address is No. 110 Gongshang Rd., Yingqian Town, Changle City, Fuzhou, Fujian, China. Wugang Group owns many subordinate enterprises including: Fujian Wugang Stainless Steel Products Co., Ltd; Changle Wugang Fuel Co., Ltd.; Changle Wugang Recycling Co., Ltd.; Fujian Hang Sheng Trading Co., Ltd.; Jiangsu Jiusheng Real Estate Development Co., Ltd.; Fujian Wugang Investment Co., Ltd.; Fujian Shengda Trading Co., Ltd. The group also participates the investment of shares for Xiamen International Bank; BaoSteel Desheng Stainless Steel Co., Ltd. (Wugang occupies 30% of the shares and BaoSteel Group Corporation occupies 70% of the shares) and other enterprises. Nowadays, Wugang Group has become a multiplex corporation that covers both upstream and downstream of the stainless steel industry. The main products of Wugang Group include cold/hot stainless steel wire rods, slabs, strips; coal; coke; Electrolytic Manganese; nickel ore; iron ore; chrome ore and fluorite. Wugang Group has established a complete marketing network in both internal and external, sets up direct selling companies in Jiangsu, Guangdong, Shandong, Anhui and other provinces in China. The products are exported widely to Europe，Southeast Asia, and other international market as well. Wugang Group purchases “Unity, Honesty, Respect” as the Entrepreneurship, sticks to the idea “People Oriented and Keep on Innovating”, and at the same time pursues and replies on technological improvement and progress. The Group has established a long-term quality policy of “Keeping on enhancing the technologies and equipments; guaranteeing strictly on excellent quality and service”.