The steel refinery was found in 1952 in Fularji District, Qiqihar.
The refinery was the only special steel maker in the First Five-year plan of China (1953–1957), with the aid of Soviet Union.
[2] In 2001, the assets of the refinery was sold back to the parent company, while the listed company was sold to another state-owned enterprise and renamed to Longjian Road and Bridge, as a reverse IPO.
In 2004, the State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Heilongjiang, the parent entity of Beiman Special Steel, injected the steel refinery into Dongbei Special Steel, a holding company of Liaoning Government, as share capital.
As at 31 December 2014 the parent company owned 58.63% stake in Dongbei Special Steel Group Beiman Special Steel Co., Ltd..[3] Heilongjiang SASAC retained the rest.