Is Handan Yongyang Steel a state-owned enterprise?

Yes Yongyang Iron and Steel Group Co., Ltd. is a Sino-foreign joint venture. It was established in 1993 by Yongnian Rolling Mill, Hunan Changde Urban Construction and Development Company and Hong Kong Yizhou Co., Ltd. and officially put into production in 1994. There are more than 3000 employees, including more than 50 senior technicians and managers/kloc-0. The company covers an area of 200,000 square meters with total assets of 1 1 100 million yuan. There are 4 medium-sized steel rolling production lines (800 rolling mills 1 strip, 650 rolling mills 1 strip and 2 500 rolling mills) with an annual production capacity of 900,000 tons.