In 2022, the industrial scale of fine steel and advanced materials exceeded 216 billion yuan ($29.88 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 the largest 400 series stainless steel production base in China and the largest phenolic resin production base in Asia. It is also 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, Taishan Steel, Shengquan Group, SICC.

(Updated by June 26, 2023)