WISCO Group Co., Ltd. is an important state-owned backbone enterprise directly under the State Council, People's Republic of China (PRC), and also a key leading enterprise in China steel industry. At the company level, WISCO Group Co., Ltd. can be regarded as a state-owned enterprise group. At the company level, enterprise groups are usually controlled by the parent company to achieve resource integration and risk diversification. According to public information, WISCO Group Co., Ltd. has a number of subsidiaries and branches, with complete industrial chain and high market share. Generally speaking, WISCO Group Co., Ltd. is a large state-owned enterprise with high status and influence in the steel industry.