Lingyuan Iron & Steel Co., Ltd is principally engaged in the iron and steel industry. The Company offers steel bars, welded steel pipes, mid-wide hot rolled steel strips and mid-wide cold rolled steel strips. During the year ended December 31, 2010, the Company manufactured approximately 3.44 million metric tons of steel, 3.1 million metric tons of iron and 3.4 million metric tons of rolled steel products. The top three domestic markets for the Company are northeastern China, northern China and eastern China. As of December 31, 2010, the Company had six wholly owned subsidiaries.