Zhejiang Province had a total of 1,289 metallurgical enterprises above the designated scale with a total asset of RMB 89 billion and a workforce of 148,000 at the end of 2005. Zhejiang currently has a steel capacity of 8.5 million tons, an iron capacity of 4 million tons, a rolled metal manufacturing capacity of 10 million tons, a smelting capacity of 450,000 tons of ten types of nonferrous metals and a processing capacity of 2.4 million tons of ten types of nonferrous metals. In 2005, the total sales revenues and the total profits realized in Zhejiang’s metallurgical industry amounted to RMB 134.3 billion and RMB 3.665 billion respectively. In 2005, Zhejiang generated a total output of 4.32 million tons of steels, 7.17 million tons of steel products, 350,000 tons of ten types of nonferrous metals and 1.75 million tons of processed nonferrous metal products. The whole year also witnessed a total export delivery value of RMB 6.6 billion.
      Characteristics of the metallurgic industry: 1. Zhejiang’s steel industry still lags behind but has an enormous potential for development. Zhejiang's current crude steel manufacturing capacity ranks the 18th in China (while its economic scale ranks the 4th in China) and only Hangzhou Steel and Iron Group Corp., whose steel output accounts for 69.35% of the provincial total, can be regarded as a large-scale steel making enterprise. Zhejiang’s total steel output only accounts for less than 30% of its steel consumption. However, as a province located on the southeast coast of China, Zhejiang has not only port advantage but also advantage in the utilization of foreign funds, therefore Zhejiang has a huge potential for the development of steel industry; 2. Zhejiang’s stainless steel industry has a considerable advantage in China, and Zhejiang is currently one of the key manufacturing bases of stainless steels in China. Ningbo Baoxin Stainless Steel Co., Ltd is one of the key manufacturers of cold rolled stainless steel plates in China; the output of seamless stainless steel pipes made in Wenzhou accounts for 70% of the national total; Ningbo and Huzhou also boast of many medium and small-scale stainless steel manufacturing clusters; 3. The overall scale of Zhejiang’s nonferrous metal industry ranks the 2nd in China, with processing industry of nonferrous metals as its main feature . Output of processed copper products account for over 30% of the national total and has been the highest in China for nine consecutive years; output of processed aluminum products also ranks the 4th in China. In addition, Zhejiang’s renewable metal industry is also occupying a large share of the market in China.
     Superior Products: processed copper products, aluminum products, seamless stainless steel pipes, stainless steel plates and strips, etc.
     Key enterprises: Hangzhou Steel and Iron Group Corp., Ningbo Baoxin Stainless Steel Co., Ltd, Zhejiang Jiuli Group Co., Ltd, Zhejiang Hailiang Co., Ltd, Ningbo Jintian Copper Group Co., Ltd, Ningbo Shine Group Co., Ltd, Zhejiang Huadong Aluminum Co., Ltd, Zhejiang Dongliang New Material Co., Ltd, etc.