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{{Short description|Chinese owned steel maker}}
{{distinguish |Masteel Group}}
{{distinguish |Masteel Group}}
{{Infobox company
{{Infobox company
| name = Ansteel Group
| name = Anshan Iron and Steel Group Corporation
| logo =Ansteel logo.jpeg
| trading_name = Ansteel Group
| logo_size =220px
| logo =
| logo_size = 220px
| type = {{ubl|[[State-owned enterprise]],|[[Law on Industrial Enterprises Owned by the Whole People|Enterprise Owned by the Whole People]]}}
| type = [[State-owned enterprise]]
| genre =
| foundation = {{start date and age|1916}}
| foundation = {{start date and age|1916}}
| founder =
| founder =
| location_city = [[Anshan]], Liaoning
| location_city = [[Anshan]], Liaoning
| location_country = China
| location_country = China
| location =
| key_people = Yao Lin (Chairman and [[Party Committee Secretary]])
| key_people = Yao Lin (Chairman and [[Party Committee Secretary]])
| area_served = China
| area_served = China
| industry = Steel manufacturing
| industry = Steel manufacturing
| products = Steel
| products = Steel
| services =
| services =
| revenue = {{decrease}} {{CNY|73.354 [[1,000,000,000|billion]]}}
| revenue = {{decrease}} {{CNY|73.354 [[1,000,000,000|billion]]}}
| revenue_year = 2015
| revenue_year = 2015
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| equity = {{decrease}} {{CNY|47.073 billion}}
| equity = {{decrease}} {{CNY|47.073 billion}}
| equity_year = 2015
| equity_year = 2015
| num_employees =
| num_employees =
| parent = [[State-owned Assets Supervision and Administration Commission of the State Council]]
| divisions =
| divisions =
| subsid = [[Angang Steel Company]] (67.29%)
| subsid = [[Angang Steel]] (67.29%)
| owner = Chinese Government
| owner = Chinese Government
| homepage =[http://www.ansteelgroup.com ansteelgroup.com/]
| homepage = {{url|http://www.ansteel.cn/}}
| footnotes = in a consolidated basis<ref>{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201604/t20160429_148537.html|title=2015 Annual Report|date=29 April 2016|access-date=1 October 2016|work=Ansteel Group|publisher=Shanghai Clearing House|language=Chinese}}</ref>
| footnotes = in a consolidated basis<ref>{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201604/t20160429_148537.html|title=2015 Annual Report|date=29 April 2016|access-date=1 October 2016|work=Ansteel Group|publisher=Shanghai Clearing House|language=Chinese}}</ref>
⚫
| module = {{Infobox Chinese
⚫
}}
|child=yes
⚫
{{Infobox Chinese
|title=Anshan Iron and Steel Group Corporation
|s=鞍山钢铁集团公司
|s=鞍山钢铁集团公司
|t=鞍山鋼鐵集團公司
|t=鞍山鋼鐵集團公司
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|order=st
|order=st
}}
}}
⚫
}}
'''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.<ref>{{cite web|url=https://www.worldsteel.org/statistics/top-producers.html |title=Archived copy |accessdate=2016-07-26 |url-status=dead |archiveurl=https://web.archive.org/web/20160719102615/http://www.worldsteel.org/statistics/top-producers.html |archivedate=2016-07-19 }}</ref>
'''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.<ref>{{cite web|url=https://www.worldsteel.org/statistics/top-producers.html |title=World Steel Association - Top steel-producing companies |accessdate=2016-07-26 |url-status=dead |archiveurl=https://web.archive.org/web/20160719102615/http://www.worldsteel.org/statistics/top-producers.html |archivedate=2016-07-19 }}</ref>

==Business overview==
The corporation focuses on producing high-end products such as [[electroplating]], color-coated, and silicon flat steel products to make car bodies and computer and telecommunications equipment.<ref>[http://www.answers.com/topic/anshan-iron-and-steel-group-corporation?cat=biz-fin Anshan Iron and Steel Group Corporation]{{unreliable source?|date=September 2016}}</ref>
For history of Ansteel since 1916, see <ref>[https://www.steelonthenet.com/kb/history-ansteel.html?cat=biz-fin History of Ansteel]</ref>


==History==
==History==
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The steel refinery was modified under the aid of [[Soviet Union]] as 1 of {{Interlanguage link multi|156 important construction projects|zh|3=156項重點工程}} in the [[Five-year plans of China|First Five-year plan of China]].
The steel refinery was modified under the aid of [[Soviet Union]] as 1 of {{Interlanguage link multi|156 important construction projects|zh|3=156項重點工程}} in the [[Five-year plans of China|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,<ref>[http://english.sina.com/business/1/2005/0815/42394.html Anshan and Benxi Iron and Steel Groups Merge]</ref> but never materialized.
In 2005, a plan to merge Anshan Iron and Steel and [[Benxi Iron and Steel]] was announced,<ref>[http://english.sina.com/business/1/2005/0815/42394.html Anshan and Benxi Iron and Steel Groups Merge]</ref> but never materialized.
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In 2010 [[Panzhihua Iron and Steel]] was merged into Anshan Iron & Steel Group Corporation.
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.<ref>[https://www.thestar.com.my/aseanplus/aseanplus-news/2021/08/20/two-chinese-steelmakers-declare-merger-become-world039s-3rd-largest "Two Chinese steelmakers declare merger, become world's 3rd largest,"] The Star, August 19, 2021</ref>
Anshan Iron Ore are currently (Oct/Nov 2011) implementing an SAP ERP system provided by IDS Scheer, and an Ampla MES provided by Schneider-Electric China.{{citation needed|date=September 2016}}


==References==
==References==
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==External links==
==External links==
* {{official website|http://www.ansteelgroup.com}}
* {{official website|http://www.ansteel.cn/}}


{{Steel companies of the People's Republic of China}}
{{Steel companies of the People's Republic of China}}
{{Metal companies of China}}
{{Metal companies of China}}

{{authority control}}


{{DEFAULTSORT:Ansteel Group}}
{{DEFAULTSORT:Ansteel Group}}

Latest revision as of 12:20, 22 December 2023

Not to be confused with Masteel Group.
Anshan Iron and Steel Group Corporation
Ansteel Group
Company typeState-owned enterprise
IndustrySteel manufacturing
Founded1916; 109 years ago (1916)
Headquarters
Anshan, Liaoning
,
China
Area served
China
Key people
Yao Lin (Chairman and Party Committee Secretary)
ProductsSteel
RevenueDecrease CN¥73.354 billion (2015)
Decrease (CN¥4.096 billion) (2015)
Decrease (CN¥3.853 billion) (2015)
Total assetsDecrease CN¥195.640 billion (2015)
Total equityDecrease CN¥47.073 billion (2015)
OwnerChinese Government
SubsidiariesAngang 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
Transcriptions
Standard Mandarin
Hanyu PinyinĀnshān gāngtiě jítuán gōngsī
Websitewww.ansteel.cn
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]

History

[edit]

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 [zh] 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]

References

[edit]
  1. ^ "2015 Annual Report". Ansteel Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 October 2016.
  2. ^ "World Steel Association - Top steel-producing companies". Archived from the original on 2016-07-19. Retrieved 2016-07-26.
  3. ^ Brief introduction of Anshan Iron and Steel Group Archived September 19, 2008, at the Wayback Machine
  4. ^ Anshan and Benxi Iron and Steel Groups Merge
  5. ^ "Two Chinese steelmakers declare merger, become world's 3rd largest," The Star, August 19, 2021
[edit]
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