Ansteel Group


Anshan Iron and Steel Group Corporation 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, 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 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 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, but never materialized.
In 2010 Panzhihua Iron and Steel was merged into Anshan Iron & Steel Group Corporation.