Jiangsu Shagang Group Huaigang Special Steel Co., Ltd. was founded in 1970 as Qingjiang Iron & Steel Works. The company underwent multiple restructuring processes, including transitions to Huaiyin Metallurgical Industry Company and Jiangsu Huaigang Group Co., Ltd. In June 2006, it merged with Jiangsu Shagang Group Co., Ltd, becoming the special steel sector of Shagang Group.

With total assets of 15 billion yuan and approximately 5,000 employees, the company has consistently adhered to coordinated, innovative, and green development principles. It has been honored with a series of prestigious titles, including the “National Green Factory”, the “National Water Efficiency Leader”, “Dual Carbon Best Practice Energy Efficiency Benchmark Demonstration Plant”, “High-Tech Enterprise”, the “National Intellectual Property Advantaged Enterprise”, “Industrial Internet Benchmark Factory”, “Intelligent Manufacturing Demonstration Factory”, "Five-Star Cloud Enterprise”, “Jiangsu Provincial Green Port”, “Jiangsu Provincial Industrial Internet Platform Certification”, “Jiangsu Provincial Model Harmonious Labor Relations Enterprise”, the “First Batch of Pilot Demonstration Unit for the Construction of Happy Enterprise in Jiangsu Province”, and “Jiangsu Provincial Ideological and Political Work Demonstration Site for Private Enterprises”. In 2024, the company was successfully listed in the Ministry of Industry and Information Technology’s “5G Factory Directory in 2024”.

The company operates advanced production lines integrating both long and short processes, supported by precision finishing facilities. It produces continuous casting round billets with diameters ranging from Φ160mm to Φ800mm, rolled steel products covering round rods (Φ12–Φ300mm) and flats (50×8mm to 300×110mm), with an annual output of 3.2 million tons of premium special steels, including spring steel, gear steel, non-quenched and tempered steel, bearing steel, anchor chain steel, alloy pipe billet steel, and automotive steel. The products are globally distributed and widely used in industries such as automobile, rail transit, oil and gas extraction, construction machinery, wind power generation, marine engineering, and machinery manufacturing.