Zhejiang Metals and Materials Company (hereinafter referred to as ZMMC) was founded in 1963, and was restructured to be a large state-holding group enterprise in 2003. ZMMC is a chief member enterprise of Zhejiang Materials Industry Group, which was ranked the 345th among 2014 Fortune Global 500 list, one of the largest bulk commodities circulation service integrated providers in China, extremely large state-owned enterprise directly under Zhejiang Provincial Government and the first among Zhejiang Top 100 list for 6 consecutive years.

Currently ZMMC has been developed into a large group enterprise with metal materials circulation as its major business, oil trade and timber trade as minor business, supplemented by diversified business of hotel management, realty lease, and production of capital goods, etc. Its total assests exceed RMB14 billion. In 2013 its sales revenue reached RMB 81 billion, and sales volume reached 27 million tons of sold physical quantity, among which the steel product was 15 million tons, iron ore 8.5 million tons, petroleum products 1.70 million tons, coal 1.1 million tons. The import-export volume accounted to 1.3 billion US dollars.

As executive vice president company of China Association of Metal Materials Circulation and main member institution of China Federation of Logistics and Purchasing, ZMMC has developed into national extra-large steel trade circulation enterprise as well as best-known dealer of iron ore and wholesale of fuel oil. For many consecutive years, the company has been awarded as industry leader of China Metal Materials Circulation and AAA Credit Excellent Enterprise.