CIEC Group specializes in domestic and international iron and steel trade, raw materials, semi-finished and finished products, as well as non-ferrous products and materials. It is a state-owned company affiliated with the Hangzhou Industrial Investment Group and the total amount of registered currency was approximately US$1,000 million. In 2023, the CIEC Group’s annual trading volume reached 64.96 million tons and generated an annual revenue of US$ 26,000 million. For six consecutive years, the company was ranked in the top two of "China's Top 100 Steel Trading Enterprises".