Is Baosteel Magnetic Materials Jiangsu Co., Ltd. a state-owned enterprise?

Yes According to the inquiry of Baosteel Magnetic Industry official website, Baosteel Magnetic Industry Jiangsu Co., Ltd. is a state-owned enterprise. Baosteel Magnetic Industry (Jiangsu) Co., Ltd. was incorporated on 20 10, located in Haibao Industrial Park, Haimen City, Jiangsu Province. Founded by Baosteel, it aims to develop and implement the concept of environmental management and realize the development strategy of magnetic materials. In 20 12, it was rated as a major demonstration project of industrial circular economy by the Ministry of Industry and Information Technology.