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Baosteel Group is the largest and most modern state-owned iron and steel joint venture in China. It mainly produces high-tech and high value-added steel products. It has formed three major product series: ordinary carbon steel, stainless steel and special steel. Baosteel Special Steel Co., Ltd. is a wholly-owned subsidiary of Baosteel Group. Former Shanghai No. 5 Iron and Steel Works, Shanghai Iron and Steel Research Institute and Shanghai Pugang Co., Ltd. are one of the earliest military special steel production bases in China. At present, Special Steel Company has many modern production lines, such as special metallurgy, stainless steel, structural steel, high-alloy long steel, alloy strip and steel pipe. It has formed six kinds of strategic products with corrosion-resistant alloy, titanium and titanium alloy, superalloy, precision alloy, special stainless steel and special structural steel as the core. The products include plates, tubes, rods, wires, discs, strips, cakes, rings and profiles. It is widely used in aerospace, aviation, core, power, petroleum, petrochemical, marine engineering, shipbuilding, environmental protection and other industries.