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Is Sanbao Steel a state-owned enterprise or a private enterprise?
Sanbao Steel is a private enterprise.
According to the inquiry of official website of Sanbao Group Co., Ltd., Sanbao Group Co., Ltd. is a high-tech enterprise group with independent research and development capabilities, which integrates steel production, scientific research, trade and logistics. It owns ten subsidiaries including Fujian Sanbao Iron and Steel Co., Ltd., Fujian Sanbao Special Steel Co., Ltd., Fujian Sanbao Foundry Co., Ltd., Fujian Kebao Metal Products Co., Ltd. and Zhangzhou Sanbao Technology Research Co., Ltd., all of which are private enterprises.
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