Angang New Steel

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Angang Steel Company Limited is China's fourth largest steel producer.

It is engaged in the production and sale of steel products, such as hot rolled sheets, cold rolled sheets, galvanized steel sheets, color coating plates, silicon steel, moderately thick plates, wire rods, large steel products and seamless steel pipes. These products are used in automobile, construction, ship-building, home electrical appliances, railway construction industries and in the manufacture of pipelines.

During the year ended December 31, 2006, the Company produced 15.152 million tons of iron and 15.1668 million tons of steel.

During 2006, the Company completed the acquisition of Angang New Steel and Iron Company Limited (ANSI).

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