What about Shandong Rizhao Iron and Steel Holding Group Co., Ltd.?

This company, referred to as Nippon Steel for short, is a large domestic steel enterprise. Now it has been merged by Shangang, but it is still very profitable. Rizhao relies on Nippon Steel for most of its tax revenue. The welfare and wages of regular workers are very good, and those above the middle level make more money in the city.

However, the situation of the steel industry this year is very poor, and it is basically at a loss. Nippon Steel seems to be overhauling its stoves now, but overall, the problem is not big, and it is still a relatively good enterprise.