Ansteel Group | |||||||
Type | State-owned enterprise | ||||||
Industry | Steel manufacturing | ||||||
Founded | 1916 | ||||||
Headquarters | Anshan, Liaoning , China | ||||||
Area served | China | ||||||
Key people | Yao Lin (Chairman and Party Committee Secretary) | ||||||
Products | Steel | ||||||
Revenue | CN¥73.354 billion (2015) | ||||||
(CN¥4.096 billion) (2015) | |||||||
(CN¥3.853 billion) (2015) | |||||||
Total assets | CN¥195.640 billion (2015) | ||||||
Total equity | CN¥47.073 billion (2015) | ||||||
Owner | Chinese Government | ||||||
Subsidiaries | Angang 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 | ||||||
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Website | www | ||||||
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 the World Steel Association in 2015, the corporation was the 7th largest manufacturer of steel in the world by production volume. [2]
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 156 important construction projects 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]
Anshan is an inland prefecture-level city in central-southeast Liaoning province, People's Republic of China, about 92 kilometres (57 mi) south of the provincial capital Shenyang. As of the 2020 census, it was Liaoning's third most populous city with a population of 3,325,372 people, over an area of about 9,270 km2 (3,580 sq mi) spanning 133 km (83 mi) from east to the west. Its built-up area encompassing the 4 Anshan urban districts, the 4 out of 5 urban Liaoyang districts and Liaoyang county largely being conurbated, was home to 2,712,789 million inhabitants in 2020.
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Angang Steel Company Limited known as Angang Steel or Ansteel is a joint-stock limited company parented by Anshan Iron and Steel Group, which is supervised by the State Council of the People's Republic of China. It is the second largest steel maker in Mainland China. "Angang" is the pinyin transcription of the company's Chinese short name 鞍钢.
Angang may refer to:
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Nanjing Iron and Steel Co., Ltd. is a publicly traded steel maker based in Nanjing, Jiangsu Province, China. The parent company of NISCO is Nanjing Nangang Iron and Steel United Co., Ltd., a joint venture of Hong Kong listed company Fosun International and Chinese state-owned enterprise Nanjing Iron and Steel Group in a 60–40 ratio.
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