Shougang Shuicheng Iron and Steel (Group) Co., Ltd. (abbreviated as Shuigang) was founded in 1966 and is controlled by Shougang. It mainly focuses on steel manufacturing and integrates mining, coal coking, import and export trade, automobile transportation, mechanical processing, and construction. It is a large state-owned steel complex integrating installation, cement, and other supporting industries.

The company's assets are 15.05 billion yuan, and its main steel production line has a production capacity of 5 million tons of steel. The main equipment of the production plant includes one blast furnace each of 788 cubic meters, 1200 cubic meters, 1350 cubic meters, and 2500 cubic meters, three 35-ton converters, three 100-ton converters, one semi-continuous high-speed wire rod rolling mill, and two high-speed wire rod production lines sets, three sets of small bar contact rolling mills. Its main products include more than 20 types of rebar, bars, high-speed wire rods, coke, and coking by-products, and the company's products are widely used in a series of engineering projects such as infrastructure construction, urbanization construction, and new rural construction in the country's western development. The products have won the titles of National Inspection-Free Products, Metallurgical Physical Quality Gold Cup Award, and Guizhou Famous Brand Products many times. They have also won the "Magnolia Cup" as the most popular high-quality construction steel brand. The Shuigang brand has good brand awareness and benefits in the southwest region.

Shuigang will follow the guidance of national policies, take "development, unity, and struggle" as its development philosophy, seize policy opportunities, rely on scientific and technological progress and technological innovation, and use local mineral resource endowments and the long steel technology advantages of Shougang Corporation to transform its development mode, adjust the product structure, promote deep processing, extend the industrial chain, and take the lead in establishing an enterprise with an annual operating income of more than 20 billion yuan in the province.