Chongqing Sinosteel Investment Group is a comprehensive modern group enterprise with steel raw materials as its main business, involving investment, steel, coal, pig iron, ore, storage and transportation, logistics, real estate and decoration. Headquartered at the 6th floor of Carnival Building, No.9 Guanyinqiao Pedestrian Street, Jiangbei District, Chongqing, the Group consists of Sinosteel burden, Sinosteel materials, Middle East metallurgy, Luzhou Hengli, Shoujia Decoration and Sinosteel Real Estate. There are many production and commercial outlets all over the country, including overseas cities in the Middle East.
As scrap steel recycling is a green environmental protection industry, the state encourages relevant enterprises to exempt from VAT and other policies. With the continuous expansion of business scale, based on the consideration of operating mechanism and strategy, the actual controller of the company has gradually concentrated the scrap steel business on Chongqing Sinosteel burden and Chongqing Sinosteel materials. In September 2006, in order to integrate the resources of the group, the actual controller of the company established Chongqing Sinosteel Investment Group.