1999年，中国石油集团公司进行重组改制，公司成为中国石油集团存续公司的一部分，事权和职能发生了根本性的变化。
According to the command of the reform of CNPC group, it became one of non-core company of CNPC group in 1999. The power and function has been changed essentially.
1998年重组改制为“太钢集团临汾钢铁有限公司”和“山西新临钢钢铁有限公司”，新临钢公司是全国72家重点钢铁企业之一。
In 1998, it was divided into two parts; Taigang Group Linfen Iron and steel Co., Ltd and Shanxi Xinlingang steel Co., Ltd. The latter one is one of 72 pivot steel enterprises.
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