Sinosteel New Materials Co., Ltd. engages primarily in the research, development, production and sale of magnetic materials, magnetic separation equipment, metal products and mining machinery in China and internationally. The company offers ferrite magnets for automobile motors, household appliance motors and DC permanent magnet motors; neodymium magnets including sintered NdFeB magnets and multi-pole ring magnets; manganous-manganic oxide such as battery-grade and electron-grade manganese tetroxide; soft magnetic materials comprising iron-silicon powder, iron-silicon-aluminum powder, manganese-zinc and nickel-zinc ferrite; permanent magnetic separation equipment including wet drum magnetic separators, dry permanent magnetic separators, high-intensity roll-type separators and deironing magnetic separators; crushing and grinding equipment such as high-pressure grinding rollers and metal tower mills; metal products encompassing oil-hardening-tempering spring steel wire, stainless spring steel wire, high-strength stainless steel wire rope and galvanized steel wire rope; as well as material and engineering inspection services. Founded in 2002 and headquartered in Maanshan City, Anhui Province, China, Sinosteel New Materials operates under the control of China Sinosteel Corporation and lists on the Shenzhen Stock Exchange under ticker 002057.SZ, serving industries including automotive, consumer electronics, metallurgy, mining and industrial automation. In 2024, the company reevaluates and postpones implementation of fundraising projects for 15,000 tons per year of high-performance soft magnetic ferrite materials and devices and green manufacturing of high-performance permanent magnetic ferrites, with completion targeted by end-2025 following in-depth market and strategic analysis.