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
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 northernmost ...
. 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.
History
The group was formerly Anshan Iron & Steel Works and
Showa Steel Works
The () was a Japanese government-sponsored steel mill that was one of the showpieces of the industrialization program for Manchukuo in the late 1930s.
Shōwa Steel Works began as the ''Anshan Iron & Steel Works'', a subsidiary of the South Manch ...
, which was established in 1916 under
Japanese rule in
Northeast China. Anshan Iron and Steel Company was established from the two places in 1948.
The steel refinery was modified under the aid of
Soviet Union 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 ...
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 ...
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 ...
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
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{{DEFAULTSORT:Ansteel Group
Manufacturing companies established in 1948
Steel companies of China
Government-owned companies of China
Companies based in Liaoning
Anshan