Founded in 1958, JINAN JIGANG GROUP is the first batch of local backbone iron and steel enterprises created by the Republic. Jinan Iron and Steel has an annual steel output of more than 12 million tons at its peak, ranking among the top ten iron and steel enterprises in the country.It used to be the largest medium and heavy plate production base in the country, the first batch of circular economy pilot units, and a circular economy demonstration enterprise focused on the construction of the "Eleventh Five-Year Plan". It has won honorary titles such as National Civilized Unit, National Quality Management Award, National Environmentally Friendly Enterprise, and National Greening Model Unit.

In March 2008, Shandong Iron and Steel Group Co., Ltd. was established, and Jinan Iron and Steel became the main member of Shandong Iron and Steel Group. On August 31, 2016, in order to deepen the supply-side structural reform and implement the national overcapacity reduction policy, the Shandong Provincial Government studied and passed the "Overall Plan for Jinan Iron and Steel's Production Capacity Adjustment and Shanxi Iron and Steel's Transformation and Development". According to the requirements of the plan, from June 29 to July 31, 2017, in just 33 days, Jinan Iron and Steel Co., Ltd. safely shut down 6.5 million tons of production capacity and smoothly diverted nearly 20,000 employees, creating a shutdown of the domestic steel industry. It is the record with the largest scale, the largest number of people resettled, and the shortest resettlement period. From the establishment of the factory in 1958 to the shutdown of the steel production line, over the past 59 years, it has produced 155 million tons of iron, 155 million tons of steel, and 137 million tons of steel; realized profits and taxes of 31.6 billion yuan.

After the main iron and steel business ceased production, with the care and support of the higher-level party and government organizations, Jinan Iron and Steel Group firmly established the concept of "cutting overcapacity is not to eliminate the enterprise, and accelerating the conversion of old and new kinetic energy is the key", and in accordance with the goal of "starting a second business and reshaping Jinan Iron and Steel" Positioning, firmly grasp the favorable opportunity of major projects of new and old kinetic energy conversion in provinces and cities, actively explore the new development model of "integration of industry and city", from "relying on steel to eat" to "development without steel", break through in four years A new path for the conversion of old and new kinetic energy for traditional enterprises has gradually formed a green and sustainable industrial structure supported by surviving industries, new industries and future industries, and transformed from a former emission-oriented enterprise into a consumption-oriented enterprise, realizing Nirvana Rebirth. In 2018, Jinan Iron and Steel achieved an operating income of 14.7 billion yuan, an increase of 59.49% over the previous year, and basically recovered to half of the level before the suspension of production. In 2019, the operating income was 22.5 billion yuan, a year-on-year increase of 53.06%. In 2020, the operating income will be 29.3 billion yuan, and the volume will basically return to the level before the suspension of production.In December 2021, according to the relevant deployment of the provincial party committee and the provincial government, Jinan Iron and Steel Group was transferred to Jinan City as a whole and became a municipal first-level enterprise of Jinan City. In the new era and new stage, Jinan Iron and Steel will keep in mind the true mission of state-owned enterprises, and under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, continue to maintain the general tone of the work of seeking progress while maintaining stability, fully, accurately and comprehensively implement the new development concept, and deeply connect with the Yellow River Major national strategies, major provincial and municipal new and old kinetic energy conversion projects, integrated into urban development, Taking "high-end, green, intelligent, branded, and internationalized" as the strategic implementation path, we will make every effort to build a new Jinan Iron and Steel industrial ecosystem with independent controllable core technology, safe and efficient industrial chain, and smooth industrial ecological cycle. The province's "three-turn" benchmark for the transformation of research and development achievements, the conversion of new and old kinetic energy, and the transformation of traditional enterprises, Realize, do well, and optimize the provincial and municipal "experimental fields for the conversion of old and new kinetic energy", with excellent development achievements, in the process of promoting high-quality development of provinces and cities, demonstrate the responsibility of state owned enterprises and contribute to the "power of Jinan Iron and Steel"!