Laiwu Steel Group Co.,Ltd. was founded in January 1970. After more than 40 years of construction and development, it has become a large-scale iron and steel enterprise group with an annual production capacity of more than 18 million tons of steel. In March 2008, Shandong Iron and Steel was integrated and restructured, and LaiSteel was affiliated to Shandong Iron and Steel Group Co., Ltd. LaiSteel has total assets of 87 billion yuan, 39,000 employees, including 26,000 people in the main iron and steel industry, 14 subsidiaries, and participated in 11 subsidiary business reform units. Iron and steel products mainly include four series: section steel, strip, special steel and bar. Among them, hot-rolled H-shaped steel won the title of "China Famous Brand Product", gear steel and bearing steel won the "National Metallurgical Product Physical Quality Gold Cup Award", and rebar won the title of "National Inspection-free Product"; related industries have formed iron ore mining and engineering design And project general contracting, financial securities, machinery manufacturing, steel structure processing, construction installation, real estate development, powder metallurgy and products, cement and micropowder clinker, metallurgical auxiliary materials, transportation logistics, chemical products and more than a dozen industries. Laiwu Steel is one of the first batch of enterprises in China's metallurgical industry to pass the national certification of ISO9001 quality system, ISO14001 environmental management system and OHSAS18001 occupational safety and health management system. Talent Cultivation Outstanding Contribution Award, National AAA Credit Enterprise, National Model Enterprise for Establishing Harmonious Labor Relations and other honorary titles. In 2005, it was identified as the first batch of circular economy pilot units in the country. In 2008, it won the National Quality Award. In 2009, it won the "National Top Ten Enterprises for Comprehensive Utilization of Resources". In 2010, it won the title of "Top Ten Innovative Units in China's Corporate Culture Construction", and in 2011, it won the "Top Ten Units in the National After-sales Service Industry".

The main products of LaiSteel include H-shaped steel, hot-rolled coil, wide and thick plate, rebar, special steel, hot-rolled ribbed steel bar and other series. This is also the first Chinese steel brand in the national metallurgical industry and the first steel product in Shandong Province; the production and sales volume of 20CrMnTiH gear steel ranks first in the country, and it has entered the famous automobile manufacturing enterprises such as FAW Group, Dongfeng Motor and Ford of the United States by virtue of its excellent quality.

During the "Twelfth Five-Year Plan" period, LaiSteel formulated and implemented a strategic plan with the core content of "persisting in system improvement, innovating in operation mode, promoting industrial coordination, strengthening the main iron and steel business, and supporting the development of Shanshan Steel." For a period to come, LaiSteel will continue to adhere to the guidance of the scientific outlook on development, take the road of innovation-driven, economical management, connotative development, and green development, accelerate the transformation of models, adjust the structure, and focus on product upgrades, cost improvements, and innovation upgrades , continue to improve the profitability of the main iron and steel industry, accelerate the development of related diversified industries, and continuously enhance the quality of development and market competitiveness. At the end of the "Twelfth Five-Year Plan", Laiwu Steel Group will have a comprehensive production capacity of 18 million to 20 million tons of steel per year, of which the headquarters will maintain a level of 12 million tons; the group will achieve an annual sales income of more than 100 billion yuan and a profit of more than 5 billion yuan ; Non-steel business income of more than 40 billion yuan, profit of more than 4 billion yuan. In 5-10 years, Laiwu Steel will be built into a modernized and internationalized iron and steel enterprise with strong core competitiveness, strong anti-risk ability and strong sustainable development ability.