Wushan Zhongda Metal Group Co., Ltd.

Founded in 1963, the company is one of the 20 large-scale circulation enterprise groups cultivated by the Ministry of Commerce. It is a major member of Zhejiang Materials Group and has been among the top 500 state-owned enterprises in China since 1995. Since the reform and opening up, the company has maintained a rapid and steady development trend. Since 1995, its business scale, economic strength, and economic benefits have ranked first in the national metal materials circulation industry for nine consecutive years. It has developed into a group enterprise with diversified development with the circulation of production materials as its main business. The company's main business is the circulation of production materials. It is one of the first national-level pilot circulation enterprises of the agency system in China. In the past three years, its sales volume has reached 32.25 billion yuan and its physical supply has reached 7.63 million tons. Its business categories mainly include metal materials, oil products and mineral sands. Among them: in terms of metal material operations, the company has the agency rights of more than 30 large and medium-sized steel plants at home and abroad and the steel import operation rights approved by the Ministry of Foreign Trade and Economic Cooperation. It has business outlets in more than 20 large and medium-sized cities across the country. The market scope covers all major regions across the country, with an annual sales volume of nearly 2.8 million tons. It is the largest distribution enterprise in the country in terms of metal material agency operations; in terms of oil products operations, the company has been operating in 200 In May 2019, the company obtained the fuel oil import operation rights approved by the Ministry of Foreign Trade and Economic Cooperation. With the company's influence in the national circulation industry, the scale of oil products business has grown rapidly. The market is extending from Jiangsu and Zhejiang regions to other regions such as Guangdong, and has certain market radiation and influence. In terms of ore operations, the company has stable foreign resource channels and has been a long-term agent for the import of iron ore for many large domestic steel mills, with an annual agency volume.