Yes "Jiangsu Shagang Group Co., Ltd., namely Jiangsu Shagang Group, was established in 1989. It is a key enterprise group in Jiangsu Province, a national super-large industrial enterprise and the largest private iron and steel enterprise in China. According to the document issued by Shagang Co., Ltd. official website on September, 2022 12, in order to eliminate backward production capacity and accelerate the pace of merger and reorganization of China's iron and steel enterprises. In terms of improving the prosperity of China iron and steel enterprises, it was decided to reorganize the company in 2022. The most important thing is to improve industrial concentration and speed up structural adjustment. Foreign iron and steel enterprises have advantages over domestic iron and steel enterprises in production technology and high-end building materials, mainly due to high industrial concentration and large profit space. Therefore, in order to promote the orderly, healthy and sustainable development of iron and steel industry, reverse the current situation of extremely dispersed and concentrated industries, promote the joint reorganization of iron and steel enterprises, and cooperate with domestic pillar industries to meet domestic demand. Therefore, Shagang will be successfully reorganized in 2022. Shagang Group adheres to the road of innovation and development, constantly optimizes product structure, deepens energy conservation and emission reduction, develops circular economy, and achieves steady development in enterprise development.