Wucang currently has three main businesses, namely steel manufacturing, high-tech industries and international trade. The main steel products include hot-rolled coils, hot-rolled sections, hot-rolled heavy rails, medium-thick plates, cold-rolled coils, galvanized sheets, tin-plated sheets, cold-rolled oriented and non-oriented silicon steel sheets, color-coated steel sheets, and high-speed wire rods Waiting for hundreds of varieties. Among them, cold-rolled silicon steel sheets and ship plate steel have won the title of "China Famous Brand Products", and high-quality automobile plates, bridge steel, pipeline steel, pressure vessel steel, container steel, cord steel, fire-resistant and weather-resistant steel, electrical series steel, etc. Famous brand products enjoy a wide reputation in domestic and foreign markets, and "Wugang Brand" has been rated as a nationally well-known trademark.

Bayi Steel is a joint venture between Bayi Iron and Steel Group Co., Ltd., Handan Iron and Steel Group Co., Ltd., Nanjing Lianqiang Metallurgical Group Co., Ltd., Xinjiang Huashun Industry and Trade Co., Ltd., and Xinjiang Uygur Autonomous Region Technical Transformation Investment Company. A joint stock limited company established by sponsorship. The registered capital is RMB 279,427,850. Bayi Iron and Steel's main sponsor, Bayi Iron and Steel Group, owns its main business - steel smelting, rolling, processing, and sales. Its operating assets include the converter workshop, continuous casting workshop, overhead crane workshop, and transportation workshop of the steelmaking plant. The assets and liabilities of the branch plant; the assets and liabilities of the small rolling mill and the sales company; the assets and liabilities of the 650 workshop of the second rolling mill, the assets and liabilities of the branch and the current assets and liabilities of the wire rod workshop, based on the assessed net assets of 394.889 million Yuan was converted into 256,677,850 state-owned legal person shares at a ratio of 1:0.65. Handan Iron and Steel Group Co., Ltd. and Xinjiang Uygur Autonomous Region Technical Transformation Investment Company respectively converted 10 million yuan and 5 million yuan in cash into 6.5 million and 3.25 million state-owned legal person shares at a ratio of 1:0.65. Nanjing Lianqiang Metallurgical Group Co., Ltd., Xinjiang Huashun Industry and Trade Co., Ltd. converted 10 million yuan in cash into 6.5 million legal person shares at a ratio of 1:0.65.