Is WISCO a state-owned enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, Wuhan Iron and Steel Co., Ltd. is a state-owned enterprise, and all its capital is contributed by the state. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. WISCO Group Co., Ltd. is an important state-owned backbone enterprise directly under the Central Committee and the State-owned Assets Supervision and Administration Commission of the State Council. WISCO has a set of advanced steel production technologies and equipment, such as mining, coking, ironmaking, steelmaking, rolling and logistics, as well as supporting public and auxiliary facilities. After the joint reorganization of Egang, Liugang and Kungang, it has become a large enterprise group with a production scale of nearly 40 million tons, ranking fourth in the world steel industry.