Chongqing Zhongtuo Steel Co., Ltd. was established in April 2010 with a registered capital of 80 million yuan. It is a wholly-owned subsidiary in Chongqing of Zhejiang Materials Industry Zhongtuo Group Co., Ltd. (stock code 000906), a state-owned listed company. The company sells more than 1 million tons of steel annually, with an operating scale exceeding 4 billion yuan. It is also a regional backbone company of Zhejiang Materials Industry Zhongtuo Group that boosts the development of the commercial logistics sector of Zhejiang Communications Investment Group Co., Ltd.
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