Did Zhangzhou Minguang Steel go bankrupt?

No, according to official website of Zhangzhou Administration for Industry and Commerce, as of July 28th, 2023, Zhangzhou Minguang Steel is undergoing transformation and upgrading and industrial optimization. Zhangzhou Minguang Iron & Steel Co., Ltd. was established on 20 14 and has not closed down. Zhangzhou City, referred to as Zhangzhou for short, is a prefecture-level city under the jurisdiction of People's Republic of China (PRC) and Fujian Province, located in the south of Fujian Province.