In 2020, the industrial value of fine steel and advanced materials exceeded 150 billion yuan ($23.43 billion).

Jinan has great advantages in the R&D and industrialization of new materials such as steel, wide bandgap semiconductor, phenolic resin, powder metallurgy and polyisobutylene.

The city is home to over 20 national and provincial key laboratories and engineering centers for advanced materials, such as National Key Laboratory of Crystal Materials and Key Laboratory of Colloid and Interface Chemistry under Ministry of Education.

Leading enterprises: Shandong Steel Laiwu Branch, Taishan Steel, Shengquan Group, SICC, Shandong Dongchen New Technology.