Wisco has now developed into a steel giant with an annual capacity of 30 million tons, compared with merely 1.5 million tons it produced in the 1960s. Since the group began production on September 13, 1958, it has produced more than 200 million tons of steel in aggregate and levy over 70 billion yuan in taxes, tenfold as much as its own investment. The pressing, crucial task for the group is to become one of the world’s top 500 firms in 2010 by establishing an internationally competitive premium steel base centered on cold rolled silicon steel, auto sheet and engineering structural steel.