Minghaixin Steel Trading Market covers a construction land area of 65,501.7 square meters with a gross floor area of 85,723.9 square meters. The market is home to over 150 merchants and has created nearly 1,000 jobs, while also driving the growth of surrounding industries such as catering, commerce, advertising, and real estate.

In June 2012, the market was honored by the State Administration for Industry and Commerce as a “National Integrity Demonstration Market.” This recognition established Minghaixin as:
• The first steel trading market in Fujian Province to receive this distinction.
• Only the second steel-specialized market nationwide to be awarded this honor, following the Shanghai Yangpu Steel Market.