Laiwu Steel Corporation is principally engaged in the manufacture and sale of pig iron, steel billets, steel ingots, steel products, coke and granulating slag and the supply of electricity and heat. During the year ended December 31, 2008, the Company produced approximately 4.69 million metric tons of pig iron, 5.13 million metric tons of steel and 6.29 million metric tons of steel products. The Company distributes its products domestically and to overseas markets with eastern China as its major market. As of December 31, 2008, the Company had eight major subsidiaries and three associates.