Ansteel Group
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]
Ansteel Group | |||||||
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 | |||||||
Total assets | |||||||
Total equity | |||||||
Owner | Chinese Government | ||||||
Parent | SASAC of the Central 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 | ansteelgroup | ||||||
Footnotes / references in a consolidated basis[1] |
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 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.
References
- "2015 Annual Report". Ansteel Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 October 2016.
- "Archived copy". Archived from the original on 2016-07-19. Retrieved 2016-07-26.CS1 maint: archived copy as title (link)
- Brief introduction of Anshan Iron and Steel Group Archived September 19, 2008, at the Wayback Machine
- Anshan and Benxi Iron and Steel Groups Merge