The Shougang Guiyang Special Steel Co, founded in 1958, is a major special steel enterprise and a research and production base for drilling tools in West China. The company has world-class production lines for environmentally friendly electric-arc furnaces, hollow steel, and forged and rolled products.
It can produce 500,000 tons of special steel and 460,000 tons of steel products annually, mainly for the engineering, machinery, and defense industries, and exports to the US, Japan, Taiwan, and other countries and regioins. It contains 19 sections, including a technology center, and seven steelmaking and steel-rolling factories, and 14 subsidiaries, with a total of 5,521 employees.
In 2011, the company sold 68,595 tons of free-cutting steel, for 29.4 percent year-on-year growth and a third of total sales, and sales of 22,081 heavy drill rods, up 92.86 percent from the previous year, and 74,242 button bits, a year-on-year increase of 22.33 percent.
