Baosteel Group Xinjiang Bayi Iron & Steel Co.,Ltd. (hereinafter referred to as "Bagang") It was established by the older generation of proletarian revolutionaries, General Wang Zhen, who led the officers and soldiers of the People's Liberation Army stationed in Xinjiang and the people of all ethnic groups in Xinjiang to work hard and save money. He joined Baosteel Group in April 2007 and is now an independent subsidiary of China Baowu Group. Since its establishment 70 years ago, Bayi Iron and Steel has always adhered to the original intention of "reclamation and guarding the border, serving the country with steel", inherited the red gene, and persisted in reform and innovation. Under the strong leadership of China Baowu Group and the strong support of the autonomous region, the company has achieved leapfrog development. It has become a 10-million-ton iron and steel enterprise with the longest industrial chain, the highest production capacity, and the most complete product varieties in Xinjiang, and has made important contributions to the economic construction and social development of the autonomous region. The company currently has three production bases in Bayi Iron and Steel Headquarters, Bazhou Iron and Steel, and Yili Iron and Steel, with a production capacity of 10 million tons. The products cover bar, wire, high-quality steel, section steel, hot-rolled, cold-rolled, color-coated sheet, galvanized sheet, medium-thick plate and other varieties. At present, the specifications of metal products have reached more than 2,400.

In recent years, Bayi Iron and Steel has maintained a leading position in the country in terms of molten cost. Among the 11 manufacturing cost benchmarks in the national iron and steel industry, Bayi Iron and Steel ranked first in the cost of 6 products including non-low alloy billets and wire snails. Entering the top three, the cost competitiveness of the regional market has been continuously enhanced.

In recent years, Bayi Iron and Steel Co., Ltd. has comprehensively and accurately implemented the Party's strategy for governing Xinjiang in the new era and the overall goals of Xinjiang work, and has always integrated enterprise development into Xinjiang's construction and development and the process of reform and opening up. It has consciously fulfilled its political responsibilities, economic responsibilities, and Social responsibility, resolutely implement the poverty alleviation work plan of the autonomous region, and continue to increase the "visiting and gathering" and targeted poverty alleviation work. In 2020, all 12 impoverished villages in Yuepuhu County and Yingjisha County in Kashi Prefecture undertaken by Bayi Steel will be lifted out of poverty hat goal, was awarded the honorary title of Advanced Collective in Poverty Alleviation by the autonomous region.

On the new journey of struggle, all cadres and employees of Bayi Iron and Steel will, under the strong leadership of the China Baowu Party Committee and the strong support of the Autonomous Region Party Committee, follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and adhere to the original intention of "reclamation and defense of borders, serving the country with steel" , to practice the Baowu spirit of "serving the country with iron and steel, opening up and integrating, being strict and demanding, and building strength", implement the new development concept, continue to promote Bayi Iron and Steel to become stronger, better and bigger, and strive unremittingly to build Bayi Iron and Steel into a leader in the steel industry in Northwest China and Central Asia, and to build China Baowu into a world-class great enterprise. Make new and greater contributions to social stability and long-term stability.