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Founded in 1997, it is jointly invested and established by POSCO company of South Korea and Jiangsu Shagang Group, specializing in the production and sales of stainless steel cold-rolled products and hot-rolled products Puxiang (Zhangjiagang) Stainless Steel Co., Ltd., formerly known as Zhangjiagang Puxiang Stainless Steel Co., Ltd., referred to as ZPSs. The company is located in Zhangjiagang Yanjiang Economic Development Zone, Jiangsu Province. Shanghai to the East, Nanjing to the west, Yangtze River to the north, Suzhou and Wuxi to the south, the transportation is very convenient. ZPSs was founded on February 15, 1997, jointly invested by POSCO of South Korea and Jiangsu shagang group. It is a Sino foreign joint venture specializing in stainless steel production. The first phase of cold rolling stainless steel project of the company was officially started in April 1997 and completed and put into operation on January 22, 1999. The total investment of the first phase of the project is US $216 million. The design and production capacity is 140000 tons / year for cold-rolled stainless steel sheet, covering an area of more than 120000 square meters. On August 28, 2001, ZPSs formally absorbed and merged the original Zhangjiagang Puyang steel plate Co., Ltd. and added one continuous galvanizing production line. The design and production capacity of this continuous galvanizing production line is 120000 tons / year of galvanized steel plate. The total investment of the company increased to 249 million US dollars and the floor area increased to 178000 square meters. In order to better meet the needs of users and improve the situation that domestic stainless steel cold rolling products are in short supply, ZPSs increased investment on December 14, 2001, and started the construction of the second phase of stainless steel cold rolling plate project. The second phase of the project started piling on February 22, 2002, and the commencement ceremony was held on March 19, 2002. The whole project was completed and put into operation on September 19, 2003 The production capacity of cold-rolled stainless steel sheet has reached 400000 tons, the floor area has increased to 208000 square meters, and the product quality and service quality have reached the world level. All equipment of phase I and phase II projects of the company are imported from companies with world-class technology in the United States, Japan, Switzerland and other countries, and the production process is controlled by international cutting-edge network technology. In order to solve the problem of raw material supply of cold rolled stainless steel production enterprises (ZPSs and Qingdao POSCO Stainless Steel Co., Ltd.) invested by POSCO in China and contribute to the development of steel industry in China, and also to reduce production costs and improve the economic benefits of ZPSs, POSCO decided to carry out STS expansion project on the basis of ZPSs phase I and phase II project. The expansion project was approved by the state on September 8, 2003, with a total investment of 744 million US dollars. The proportion of investment is 82.5% in POSCO of South Korea and 17.5% in shagang group of Jiangsu. On October 31, 2003, ZPSs engineering headquarters was established and started the planning and design of stainless steel expansion project. The expansion project is located on both sides of the riverside highway in Daxin Town, Zhangjiagang City, 8km away from the first and second phase of the project. The project includes three major projects of stainless steel smelting, continuous casting and hot rolling. The designed production capacity is 600000 tons of hot-rolled stainless steel plates per year.

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