Yuxi Xinxing Steel Co., Ltd. was established in 2004 and is located in Yuxi, Yunnan. The company has a total investment of 2.3 billion yuan in construction and now has a production capacity of 1 million tons of iron, 1.5 million tons of steel, and 1.7 million tons of materials. In 2005, the company's No. 2 blast furnace successfully produced iron and then successfully produced steel on March 15. On October 26, the hot-rolling production line of the factory successfully tested the thermal load. At the same time, the company began to produce products such as square and rectangular continuous casting billets, slabs, hot-rolled ribbed steel bars, and medium and wide widths. It shows that Yuxi Xinxing Company has successfully opened up the entire process flow from raw materials, sintering, ironmaking, and steelmaking to steel rolling. The company's Yugang 850 medium and wide-band steel rolling production line is China's seventh production line and the most advanced production line in China at the time. Its products are widely used in welded pipes, cold-formed steel, construction, the automobile industry, hardware and home appliances, and other industries. Since its development, Yuxi Xinxing Steel Co., Ltd. has produced more than 10,000 tons of medium and wide-band steel in 39 specifications and varieties. The company's main products include square and rectangular continuous casting billets, slabs, medium and wide widths, hot-rolled ribbed steel bars, round steel, Q195L strip steel, grade IV "threaded steel," 08Al steel, KNS sulfuric acid-resistant pitting corrosion-resistant steel, and K380L wheels steel, K510L automobile girder plate.

The company's development has also helped Yuxi's economic aggregate rise step by step. Yuxi's financial growth has been strong, farmers' income has increased significantly, and it has also effectively stimulated the development of the tertiary industry.