Is Jiangsu Shagang Group Co., Ltd. a state-owned enterprise?

No. State-owned enterprises refer to large enterprises that are directly invested, managed and operated by the state, and most of their investors are the central government or local governments. Ai Qicha introduced that Jiangsu Shagang Group Co., Ltd., as one of the world-renowned steel material manufacturing and integrated service providers, insists on becoming a strong steel country. The registration authority is Zhangjiagang City Administrative Examination and Approval Bureau, which mainly deals in iron and steel smelting, steel rolling and metal rolling equipment and accessories. In 2022, it became one of the top 500 private enterprises in China, so Jiangsu Shagang Group Co., Ltd. is not a state-owned enterprise.