Rizhao Steel, located at Lanshan District, Rizhao City, is adjacent to the National Road 204 and the Tongjiang-Sanya Expressway to the west, 5 kilometers away from Lanshan port to the south and 35 kilometers away from Rizhao Port to the north. In 2003, Rizhao Steel started to be constructed on a stretch of seashore and only used 181 days to successfully go into operation, thereby creating a miracle in the industrial sector of metallurgy. Therefore, it was highly praised as “The Speed of Rizhao Steel”. After nine years of development, Rizhao Steel has become an integrated enterprise group with a combination of sintering, pellet, iron-making, steel-making, rolling, oxygen-making, power generating, and well-equipped facilities. Up to now, Rizhao Steel has reached an annual production capacity of 15 million tons of steel, and the production of HRC, de-bar, wire rod, and beam has taken shape. Besides the main production, Rizhao Steel realizes an annual output of 5 million tons of cement and 1.2 million tons of steel slag powder, 4.8 million tons of grain slag powder and 3.2 billion KWH power generation through developing the recycling economy. In 2012, it ranked no. 28 among “Top 500 Chinese Private Enterprises” and no. 20 among “Top 500 Chinese Private Manufacturing Enterprises” and won many honorary titles such as “Top 100 Chinese Creditable Enterprises in 2012”.