Baotou Steel Group is a state-owned enterprise, the full name of which is Baotou Iron and Steel (Group) Co., Ltd., which was established in 1954. It is a super-large steel conglomerate integrating mining, iron and steel smelting rolling, rare earth scientific research and sales, chemical industry, power generation and other related supporting enterprises. Mainly engaged in steel products, rare earth products, general machinery manufacturing and processing, maintenance and installation of metallurgical machinery and equipment, specifically involving investment in metallurgical and tourism industries, contracting overseas metallurgical industry projects and domestic and foreign bidding projects, and exporting equipment and materials needed for overseas projects. The company's specific business scope is wide, with total assets of 35.5 billion yuan and strong annual production capacity, which can produce many varieties and specifications of steel.