According to the inquiry of the State-owned Assets Supervision and Administration Commission of the People's Government of Inner Mongolia Autonomous Region, Baotou Iron and Steel (Group) Company currently has 57,600 registered employees and 5 1.77 million employees. Baotou Steel, founded in 1954, is one of the key projects of 156 during the First Five-Year Plan period, and is the first large-scale iron and steel enterprise in ethnic areas in New China.
After 69 years of reform and development, Baotou Steel has developed into a modern enterprise group with coordinated development of multiple industries, forming an industrial system with iron and steel and rare earth as the main industries, resources and comprehensive utilization, logistics, coal coke chemical industry, energy conservation and environmental protection, equipment and production and living services. It is an important iron and steel industrial base in China and the largest rare earth industrial base in the world, with two listed companies, Baotou Steel and Northern Rare Earth.