JISCO Group History & Development Timeline

• 1955.12 The Northwest Geological Bureau discovered the Jingtie Mountain
  mine in the Qilian Mountains.
• 1958.1 Jiuquan Iron and Steel Factory was established.
• 1958.8 Jiuquan Iron and Steel Company was formally established in Jiuquan held
  by the Ministry of Metallurgical Industry.
• 1958.9 Merged with Anshan Metallurgical Construction Corporation
• 1958.12 The seven major projects was fully working, including blast furnace, coke oven, thermal power station, machine factory, mine, water source and railroad, with 12,000 people having participated.
• 1959.11 Jiuquan Iron and Steel Company completed all construction plans
  41 days ahead of schedule.

• In April 1970 Su Yu, a member of the CPC Central Committee, member of the State Council Business Group and Vice Minister of National Defense, was entrusted by Premier Zhou Enlai to visit Jiuquan Steel and determine the investment of 70 million yuan and the plan of iron production on October 1.
• On June 1, 1970 The 2940 level of the в…  ore body of the Huashugou mine in the Mirror Iron Mountain mine was put into operation, and on the 5th, Xigou limestone mine was exploited through limestone mining method; on August 1, the water supply project of the power plant was put into production; on August 26, the No. 1 blast furnace of No. 3 engine of the thermal power plant was put into operation; on September 2, the No. 1 coke oven of the coking plant was put into operation.
• On September 30, 1970 At 1:40 a.m., No. 1 blast furnace of ironmaking plant made the first furnace of iron.
• On June 3, 1972 Sintering Plant No.1 sintering machine was put into production.
• In August 1972 The name of JIISCO was restored and the previous one “Sanjiu Company” was discontinued.
• In December 1976 JISCO completed a small rolling mill and started trial rolling of angle steel.

• In May 1980 The First People’s Congress of Jiayuguan City was held, deciding to separate the municipal government from Jiuquan Steel and to discontinue the “unity of government and enterprise” system.
• 1980 Jiu Steel restructured its organization, with 42 departments and units and 21,000 employees.
• 1982 The State decided to build a continuous casting project for Jiu Steel, with an annual capacity of 500,000 tons of steel ingots.
• In April 1983 The work of steelmaking the continuous casting project was started.
• From October 20 to 22, 1983 JISCO’s Party Committee held its first Party Congress.
  This meeting marks the completion of the separation of Jiayuguan City and JISCO.
• In January 1985 JISCO fully implemented the factory manager system.
• In May 1986 The construction of JISCO’s high-speed wire rod project began.
• In December 1989 No.2 blast furnace of JISCO Steelmaking Plant was put into operation.

• In April 1991 The second rolling plant of Jiuquan Iron and Steel Co., Ltd. successfully rolled carbon electrode steel wire rod, which is the first carbon electrode steel wire rod in China.
• In October 1992 The 6000 cubic meters oxygen production project of Jiuquan Iron and steel power plant was started.
• In February 1993 The blast furnace pulverized coal injection project of Jiuquan Iron and Steel Co. was started.
• In July 1994 The first 6000 cubic meters oxygen generator of Jiuquan Iron and steel gas supply plant was completed and put into operation.
• In October 1995 The medium plate rolling project was started.
• In October 1997 The slab continuous casting project of the steelmaking plant was completed and put into operation.
• In October 1997 JISCO merged with Lanzhou Iron and Steel Company.
• In February 1999 The board of directors confirmed the appointment list of organizational personnel of JISCO Hongxing iron and Steel Co., Ltd. and officially put it into operation.

• In April 2000, China Xinda AMC (Assets Management Company) transferred debt into shares to JISCO. The ceremony was held
• in Lanzhou JISCO edifice with transferring 1.57 billion RMB.
• In December 2000, RMB A shares of JISCO Hongxing Co., Ltd. were listed on the Shanghai Stock Exchange. “JISCO Hongxing” was listed for trading on the Shanghai Stock Exchange.
• In December 2001 JISCO’s medium plate mill rolled 6Г—2000Г—36000mm steel plates from 160Г—1050Г—2600mm billets, which was the first of its kind in China.
• In March 2001 The second new high-speed wire rod project of JISCO started.
• In June 2001 JISCO Gansu Hongxin Steel Co., Ltd. was established in Lanzhou,
  a city in Gansu province. The company was financially established by JISCO
  limited liability corporation and China Cinda Asset Management company.
• In July 2001 The main plant of the furnace coiling project started to construct.
• In November 2001 The bar production line of the high wire project was put into operation.
• In December 2001, Shanxi Hongyang Steel Co., Ltd. of JISCO initiated its operation.
• In December 2002, Yuzhong Steel Co., Ltd. of JISCO commenced its operation.
• In Jan. 2003, the No. 1 blast furnace of Shanxi Hongyang Steel Co., Ltd. of JISCO was tapped. The hot load test run of the high-speed bar production line was completed in Shanxi Hongyang Steel Co., Ltd (JISCO), and the phase I project was put into operation.
• In September 2003, the 120 tons converter steelmaking project of the 2 million tons of steel project in JISCO started its operation.
• In April 2004, JISCO stainless steel steel-making project commenced its operation.
• In December 2004, JISCO mill successfully rolled out 8mm thick stainless steel coils. Specifications: 200 Г— 1300 Г— 5400mm for the trial rolled stainless steel slabs, 8 Г— 1300mm for rolled finished products, and10 tons for the steel coil unit weight.
• In January 2005, Xinda company acquired full ownership of Hongxin
  company, which then immediately ceased its operation.
• In December 2005, the annual steel output of JISCO exceeded 5 million tons.

• In January 2006, JISCO Stainless Steelmaking Project was completed and put into operationг‚
• In April 2007, JISCO Construction of Carbon Steel Cold Rolling Project was officially started.
• In July 2007, JISCO successfully rolled the first Stainless Steel Cold Rolled Coil.
• In June 2009, the hot load test of the Pickling Combined Mill for JISCO Carbon Steel Cold Rolling Project ran a complete success.
• In July 2009, JISCO Construction of Product Structure Ironmaking System Project was officially started.
• In September 2009, JISCO was awarded the title of the third batch of Innovative Pilot Enterprises announced by the Ministry of Science and Technology, the State-owned Assets Supervision and Administration Commission of the State Council and other departments.
• In 2009, the Overall Listing of the main steel industry of JISCO, the controlling shareholder of JISCO Hongxing Company, was completed as scheduled.
• In December 2010, the Project to Support the Rehabilitation and Reconstruction of Earthquake-stricken Areas of Yuzhong Iron and Steel Co., Ltd of JISCO was officially approved by the National Development and Reform Commission.

• In May 2012 Token Aluminum Products Co., Ltd. has become a wholly-owned subsidiary of JISCO.
• In June 2012 The copper mineral processing plant of Hongxing Mining Company in southern Gansu of JISCO was put into production.
• In October 2012 The opening ceremony of the first 300MW unit Denitration transformation project was put into use and 2Г—125MW unit desulfurization and denitration project was held in the group company.
• In October 2012 The stainless steel cold rolling phase II project went into full operation, with a total engineering investment of RMB 1.921 billion.
• In December 2012 Jiugang group company is short for JISCO and its diamond initial pattern was recognized as China’s Famous Brand.
• In January 2013 The “Hongxing Shares” of Jiugang group realized the overall listing of steel business.
• In March 2013 The National Development and Reform Commission formally approved Jiugang group’s steel circular economy and institutional adjustment, with a total investment of RMB 37.44 billion.
• In August 2013 The Jiajiu wind power base load featured aluminum alloy project 2Г—45 10,000 tons project was completed and put into production.
• In 2013, JISCO was ranked the 116th of the top 500 Chinese companies and the 42nd of the top Chinese manufacturing industry, with the business income of RMB 120 billion.
• In 2013 The company increased the input in livelihood projects, with 37 buildings of the newly-built staff residential houses, which can accommodate 1500 families to live.

• In May 2016 The green short-process cast and rolled aluminum deep processing project of JISCO Tiancheng Color Aluminum Company, a joint venture between the Group and Beijing Tiancheng Hongye Holding Company, was started next to the 900,000-ton electrolytic aluminum plant of Dongxing Aluminum Jiayuguan. This marks the end of Jiu Steel’s history of having raw materials but no aluminum products. This is a far-reaching significance of the aluminum industry from producing primary raw materials to refined and deep-processed products.
• In May 2016 The Group issued the 2016 Deepening Reform Implementation Plan and Key Reform Work Task Plan, and the Group headquarters was transformed from an operation and management-oriented to a capital investment-oriented company.
• In Autumn 2016 JISCO safety practical skills training course was officially opened
• In November 2016 The first roll of zinc-aluminum-magnesium rare-earth alloy coated plate production line of carbon steel sheet plant of Hongxing Joint Stock Company was successfully launched, marking the birth of a new generation of high corrosion-resistant metal coated steel plates in China at Jiu Steel.
• In August 2017 Stainless steel branch of Hongxing stock developed stainless steel for hydropower and realized a small batch supply
• In December 2017 JISCO put 1 billion yuan directly into the green project of the plant, mainly involving many industries such as steel, electric power and ferroalloy.
• In January 2018 The first 1650mm cold rolling unit of JISCO Tiancheng Color Aluminum Company was successfully commissioned, and the first roll of cold-rolled aluminum coil products in JISCO’s history came off the line. The product is 1030B alloy strip with 6.0mm thickness and 1125mm width.
• In March 2020 JUDE started to prepare for international marketing and sales business.

JISCO Today

JISCO Group continues to operate an integrated industrial system covering mining, ironmaking, steelmaking, hot rolling and cold rolling, with carbon steel and stainless steel production capabilities.

According to JISCO’s current corporate information, the group has approximately 10.475 million tonnes per year of crude-steel capacity and approximately 1.2 million tonnes per year of stainless steel capacity.

Current capacity and corporate information may change as production assets and business operations develop.