Fujian Provincial Sansteel(Group)Co.,Ltd. (hereinafter referred to as San Steel Group) was formerly known as Fujian Sanming Iron and Steel Works, which was established in 1958. In March 2000, Fujian Sangang (Group) Co., Ltd. was restructured and established with the approval of the Fujian Provincial People's Government. The controlling shareholder is Fujian Metallurgical (Holding) Co., Ltd., accounting for 94.4906% of the total share capital of Sangang Group. At present, San Steel Group has formed a large-scale enterprise group with an annual output of 12 million tons of steel, a cross-industry, cross-region, and cross-ownership group that focuses on the steel industry and develops multiple industries. It owns Sanming Headquarters, Quanzhou Minguang, Luoyuan Minguang, Zhangzhou Minguang four steel production bases. At present, San Steel Group has 17,300 employees, total assets of 65.150 billion yuan, 19 wholly-owned and holding subsidiaries (among which Fujian Sangang Minguang Co., Ltd. is a listed company), and 1 compact enterprise.

Since 1988, Sansteel Group has entered the ranks of China's top 500 enterprises in successive years, ranking 356th among the "2022 China's top 500 enterprises", and ranking 172nd among the "2022 China's top 500 manufacturing enterprises". Sansteel Group has successively won the National May 1st Labor Award, National Civilized Unit, National Advanced Grass-roots Party Organization, National Model Enterprise with Harmonious Labor Relations, National Advanced Enterprise in Quality Management, the first batch of national-level enterprises with superior intellectual property rights, and China's iron and steel industry advanced scientific and technological work Unit, National Iron and Steel Industry Advanced Collective, the first "Fujian Provincial Government Quality Award", Fujian Provincial Enterprise (Institution) Industry Information Application Advanced Unit, Fujian Provincial Enterprise Culture Construction Demonstration Unit, Fujian Provincial Customer Satisfaction Enterprise, Fujian Provincial Industrial and Commercial Credit Excellent Enterprise (AAA level), key state-owned enterprise management benchmarking creation action benchmarking enterprise, national industrial tourism demonstration base, national AAAA-level tourist attractions and other honorary titles.In recent years, Sansteel Group adheres to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, deeply implements the national supply-side structural reform, adheres to innovation-driven, strengthens structural adjustment, actively promotes the company's transformation into a steel manufacturing service-oriented enterprise, and strives to build The most competitive first-class enterprise in the whole industry. In 2022, the Sangang Group will produce 11.0268 million tons of steel in total, realize an operating income of 52.55 billion yuan, and a total profit and tax of 837 million yuan. The main technical and economic indicators will maintain the advanced level of the same type of enterprises.