I. Historical Development The Shougang Group, formally known as the Capital Iron and Steel Group Company Limited, is a long-standing steel enterprise in China, symbolizing the epitome of the Chinese steel industry and serving as a significant representative. From its inception, Shougang has undergone an illustrious history from start-up to development, and subsequently transformation and upgrading. The origins of Shougang can be traced back to the dawn of the 20th century. At that time, Shougang was founded on a barren landscape to fulfill the demands of the country's industrialization. Through years of toilsome struggle, Shougang gradually constructed its production lines, providing an ample supply of steel materials to the nation and securing its prominent position in China's steel industry.