Ansteel Group

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Not to be confused with Masteel Group.
Anshan Iron and Steel Group Corporation
Ansteel Group
TypeState-owned enterprise
IndustrySteel manufacturing
Founded1916; 106 years ago (1916)
Headquarters
Anshan, Liaoning
,
China
Area served
China
Key people
Yao Lin (Chairman and Party Committee Secretary)
ProductsSteel
RevenueDecrease CN¥73.354 billion (2015)
Decrease (CN¥4.096 billion) (2015)
Decrease (CN¥3.853 billion) (2015)
Total assetsDecrease CN¥195.640 billion (2015)
Total equityDecrease CN¥47.073 billion (2015)
OwnerChinese Government
ParentSASAC of the Central Government
SubsidiariesAngang Steel (67.29%)
Chinese name
Simplified Chinese鞍山钢铁集团公司
Traditional Chinese鞍山鋼鐵集團公司
Websiteansteelgroup.com
Footnotes / references
in a consolidated basis[1]

Anshan Iron and Steel Group Corporation (Ansteel Group in short; less popularly Angang Group) is a Chinese state-owned steel maker. The corporation was under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. It is headquartered in Anshan, Liaoning. According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 7th in 2015 the world ranking by production volume.[2]

History[]

The group was formerly Anshan Iron & Steel Works and Showa Steel Works, which was established in 1916 under Japanese rule in Northeast China. Anshan Iron and Steel Company was established from the two places in 1948.[3]

The steel refinery was modified under the aid of Soviet Union as 1 of  [zh] in the First Five-year plan of China.

In 1997, a subsidiary Angang Steel is incorporated and listed some of the assets of the group in the stock exchanges.

In 2005, a plan to merge Anshan Iron and Steel and Benxi Iron and Steel was announced,[4] but never materialized.

In 2010 Panzhihua Iron and Steel was merged into Anshan Iron & Steel Group Corporation.

In August 2021, Ansteel and Ben Gang Group Corporation, began the process of merging and restructuring that will create the world's third-largest steelmaker. According to the deal, Ben Gang will become a subsidiary of Ansteel.[5]

References[]

  1. ^ "2015 Annual Report". Ansteel Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 October 2016.
  2. ^ "Archived copy". Archived from the original on 2016-07-19. Retrieved 2016-07-26.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ Brief introduction of Anshan Iron and Steel Group Archived September 19, 2008, at the Wayback Machine
  4. ^ Anshan and Benxi Iron and Steel Groups Merge
  5. ^ "Two Chinese steelmakers declare merger, become world's 3rd largest," The Star, August 19, 2021

External links[]

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