Steel Ranking released the 2020 ranking of patented technology capability of world steel enterprises recently. Totally 50 steel players were shortlisted, including 31 Chinese ones and 19 foreign ones. TISCO Group ranked 11th among world steel enterprises and 4th among Chinese steel enterprises.

For a long time, TISCO has attached great importance to intellectual property work, actively practiced the idea of innovation and development, and vigorously advocated the innovative concept of "being glad to hear new things, being motivated by new things, and being competence with new things", as well as the innovative culture of "encouraging innovation, tolerating failure, and opposing stereotype". The company builds a diversified innovation platform, opens up various channels for talents to play a role, and cultivates an innovation team consisting of technical experts, technician and front-line employees, forms a group of knowhow and innovative technology with core competence and independent intellectual property right. Up to now, TISCO has applied for more than 4,000 patents and been authorized more than 3,000 patents.

In recent years, TISCO has achieved remarkable results in terms of intellectual property right by actively filing for patents in sectors of main line products, process technology, production-line upgrade, re-innovation of imported technologies, new materials, and emerging industries. In 2019, TISCO completed the application for 216 new patents, including 124 invention patents, accounting for 57% of the total, making the proportion of invention patents above 55% for five consecutive years. It has two patents that won the first prize and the third prize respectively in the first Shanxi Patent Award. In the 23rd National Invention Exhibition, TISCO won 13 awards for its patent projects, including 3 gold medals. A large number of new products and processes with independent intellectual property rights are providing technical support for TISCO's production and operation and the realization of its strategic objectives, and have become the new economic growth point of the company.

The 19th National Congress of the Communist Party of China clearly stated that it is necessary to advocate innovative culture and strengthen the creation, protection and application of intellectual property rights, which has given a new historical mission to intellectual property work in the new era. As a leading enterprise in the global stainless steel industry, TISCO will keep in mind the important instructions made by General Secretary Xi Jinping when he inspected Shanxi and TISCO, not forget the initial intention of serving the country with substantial industry, insist on driving growth with innovation, and continuously improve the ability of creation, protection and application of intellectual property around the company's key varieties, strategic varieties and new materials, new processes and new fields, so as to provide greater scientific and technological support for the company's high-quality transformation and development.