Founded in October 1997, CIEC Group specializes in domestic and international iron and steel trade, raw materials, semi-finished and finished products, as well as non-ferrous products and materials. It is a state-owned company affiliated with the Hangzhou Industrial Investment Group and has a registered capital of CNY3.387 billion (USD0.484billion). With over 20 years of experience in commodity trading and services both domestically and internationally, the company has established a strong "multi-product, multi-mode and multi-network" business approach. Guided by research, CIEC Group is continuously evolving its "One Body, Two Wings" strategic framework. “One Body” being the focus on commodity trading while “Two Wings” synergizes the extension and enhancement of its services for supply chain and value chain development.

In 2022, the CIEC Group’s annual trading volume reached 64.964 million tons and generated an annual revenue of CNY170.15 billion (USD24.31billion). For six consecutive years, from 2016 to 2021, the company was ranked in the top two of "China's Top 100 Steel Trading Enterprises". Currently, the CIEC Group network covers 31 cities in China and 17 countries and region overseas, with a business scope that spans 52 countries and regions worldwide. The CIEC brand is recognized for its excellent commercial reputation and corporate image in the global commodity trading industry, particularly in ferrous metals.

CIEC Group is committed to becoming a leading global commodity industry service provider domestically and internationally, steadily moving towards achieving its vision.