There are differences in the nature of companies. WISCO Co., Ltd. is not WISCO Group, but a core subsidiary of WISCO Group. It is a common phenomenon in state-owned enterprises that father and son do not leave home and share the same abbreviation. Wuhan Iron and Steel Group Corporation is the first super-large iron and steel complex built after the founding of New China. Construction started on 1955, and was completed and put into production on 1958 in June.