Benxi Steel Group Corp., Ltd. known as Benxi Steel Group (or Bengang in China) is a Chinese holding company based in

Benxi Benxi (, ) is a prefecture-level city located in the east of Liaoning province, People's Republic of China, south-southeast of the provincial capital Shenyang. As of the 2020 census, its population was 1,326,018 (1,709,538 in 2010) whom 809,655 ...

, Liaoning Province, for two steel making group. The company was formed in 2010 as the holding company for Benxi Iron and Steel (Group) Co., Ltd. () and Beitai Iron and Steel (Group) Co., Ltd. (), the latter now known as Benxi Beiying Iron and Steel (Group) Co., Ltd. (). 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 21st in 2015 the world ranking by production volume. It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Liaoning Provincial People's Government.

History

In 1905, after the

Russo-Japanese War The Russo-Japanese War ( ja, 日露戦争, Nichiro sensō, Japanese-Russian War; russian: Ру́сско-япóнская войнá, Rússko-yapónskaya voyná) was fought between the Empire of Japan and the Russian Empire during 1904 and 1 ...

, Liaoning fall under the

sphere of influence In the field of international relations, a sphere of influence (SOI) is a spatial region or concept division over which a state or organization has a level of cultural, economic, military or political exclusivity. While there may be a formal a ...

of Japan. Japanese

Okura Kihachiro Okura may refer to: * Okura Hotels, an international chain headquartered in Japan * Okura River in New Zealand * Okura, New Zealand, a village * Ōkura school of traditional Japanese comic theater * Okura, Yamagata, a village in Japan * the Ja ...

opened a coal mine in Benxi. After the protest of

Qing Government The Qing dynasty ( ), officially the Great Qing,, was a Manchu-led imperial dynasty of China and the last orthodox dynasty in Chinese history. It emerged from the Later Jin dynasty founded by the Jianzhou Jurchens, a Tungusic-speaki ...

, it became a Sino-Japanese joint venture in 1910 (as ). In the next year the company added "Iron" in the denomination (as ). After the Mukden Incident, the company was under sole Japanese control until the end of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

. During

Chinese Civil War The Chinese Civil War was fought between the Kuomintang-led government of the Republic of China and forces of the Chinese Communist Party, continuing intermittently since 1 August 1927 until 7 December 1949 with a Communist victory on m ...

, in 1948 the company and Liaoning fall under

Communist Party of China The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil ...

controls. In 1953, the coal mine was separated from the company as Benxi Mining Bureau. (now part of Shenyang Coal Industry) The steel refinery was also modified under the aid of

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, ...

as 1 of of the First Five-year plan of China. It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry) In 2005 a merger between Benxi Iron and Steel and

Anshan Iron & Steel Group Corporation 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 S ...

was announced but never materialized. In 2010 a new holding company was formed to takeover "Benxi Iron and Steel" and "Beitai Iron and Steel", located in Beitai, a town in Pingshan District, Benxi. The latter was owned by SASAC of Benxi City, but was transferred to Liaoning SASAC in order to finalize the merger. In August 2021, Bengang began a merger with Ansteel Group which, once completed, will create the third largest metal producer in the world."China steel firms start merger to create world's third biggest producer,"
Reuters, 20 August 2021, retrieved 8 September 2021

Subsidiaries

Bengang Steel Plates, a subsidiary of Benxi Iron and Steel, is a listed company in Shenzhen Stock Exchange (). As at 7 November 2016, Bengang Steel Plates was a constituent of SZSE 1000 Index (top 1000 companies by capitalization) and SZSE 700 Sub-Index (the 301st to 1,000th companies by capitalization), but not a constituent of

SZSE Component Index The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE. Constituents The full list of all constituent stocks can be found aSZSE Related indices * ...

(top 500 companies by capitalization), making the listed company was ranked between the 501st to 1000th by free float adjusted market capitalization.

References

External links

*
History of Benxi Steel Group
{{Steel companies of the People's Republic of China Steel companies of China Companies based in Liaoning Manufacturing companies established in 1910 Chinese companies established in 1910 Companies owned by the provincial government of China Non-renewable resource companies established in 1910 Holding companies established in 2010 1910 establishments in China 2010 establishments in China Benxi