In 1955, the construction of WISCO-the first super-large state-owned iron and steel complex established after the foundation of P. R. China, was started; on September 13, 1958, it was completed and put into production. So far, it has become a backbone state-owned enterprise under the State Council and the State-owned Assets Supervision and Administration Commission (SASAC). Located on the southern bank of the Yangtze River in the eastern suburb of Wuhan, Hubei Province, its home plant area covers total land area of 21.17km2. Over the years, WISCO has developed a full set of advanced iron and steel production processes and equipments for mining, coking, steel-making, iron-making, rolling and supporting auxiliary facilities, making it an important production base of high-quality sheets and plates in China, and contributing a lot to the national economy and modernization of China. After merging and reorganizing Ezhou Iron & Steel Co., Ltd., Liuzhou Iron & Steel Co., Ltd., and Kunming Iron & Steel Co., Ltd., WISCO has grown into a giant enterprise group with annual output exceeding 40 million tons, and ranked 4th among its counterparts around the world. In 2010, WISCO realized total operating income of 190.7 billion Yuan and total assets of 203.8 billion Yuan, ranking 340th among the Fortune 500 companies.
