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
. It is headquartered in
Anshan
Anshan () is an inland prefecture-level city in central-southeast Liaoning province, People's Republic of China, about south of the provincial capital Shenyang. As of the 2020 census, it was Liaoning's third most populous city with a population ...
,
Liaoning
Liaoning () is a coastal province in Northeast China that is the smallest, southernmost, and most populous province in the region. With its capital at Shenyang, it is located on the northern shore of the Yellow Sea, and is the northernmo ...
. According to
World Steel Association
World Steel Association, often abbreviated as worldsteel, is the international trade body for the iron and steel industry. The association is one of the largest and most dynamic industry associations in the world, with members in every major st ...
(Chinese companies data was provided by
China Iron and Steel Association
China Iron and Steel Association (CISA, ) is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China’s steel enterprises, institutions, societies and ...
), the corporation was ranked the 7th in 2015 the world ranking by production volume.
History
The group was formerly Anshan Iron & Steel Works and
Showa Steel Works, which was established in 1916 under
Japanese
Japanese may refer to:
* Something from or related to Japan, an island country in East Asia
* Japanese language, spoken mainly in Japan
* Japanese people, the ethnic group that identifies with Japan through ancestry or culture
** Japanese diaspor ...
rule in
Northeast China
Northeast China or Northeastern China () is a geographical region of China, which is often referred to as "Manchuria" or "Inner Manchuria" by surrounding countries and the West. It usually corresponds specifically to the three provinces east of ...
. Anshan Iron and Steel Company was established from the two places in 1948.
The steel refinery was modified under the aid of
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...
as 1 of in the
First Five-year plan of China.
In 1997, a subsidiary
Angang Steel
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 ma ...
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
Benxi Steel Group Corp., Ltd. known as Benxi Steel Group (or Bengang in China) is a Chinese holding company based in Benxi, Liaoning Province, for two steel making group.
The company was formed in 2010 as the holding company for Benxi Iron and S ...
was announced, but never materialized.
In 2010
Panzhihua Iron and Steel
Panzhihua Iron and Steel (Group) Company Limited, or Pangang, is the state-owned enterprise in Panzhihua, Sichuan, China. It is the largest steel maker in Western China. It is also the largest vanadium product manufacturer in China, and the se ...
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.
"Two Chinese steelmakers declare merger, become world's 3rd largest,"
The Star, August 19, 2021
References
External links
*
{{DEFAULTSORT:Ansteel Group
Manufacturing companies established in 1948
Steel companies of China
Government-owned companies of China
Companies based in Liaoning
Anshan