The order of free-machingferritic stainless steel produced by AnsteelPangangJiangyou Great Wall Special Steel Co., Ltd. in the first two months of this year amounted to 114% of the totalr of last year. This company hasbecome one of theleadrs of key materials of coal miningmachinaryin China. It is reportedthatthe core technology of this product was once controlledby overseas companies, thus China had torelyon importing such productsfor a long term with highimported price. AnsteelPangangJiangyou Great Wall Special Steel Co., Ltd. and some Chinese research companiesjointly developed the free-machingferritic stainless steel to replace the imports. Withnearly three-year’s efforts, the companysuccessfully developed this kind of product with higher quality than the exported one, which would not only save a large number of foreign exchangesfor China but also expand the market for their own.