Maanshan Iron and Steel Company
|This article does not cite any references or sources. (October 2008)|
|Headquarters||Maanshan, Anhui, People's Republic of China|
|Area served||People's Republic of China|
|Key people||Chairman: Mr. Gu Jianguo
Party secretary: Mr. Gu Zhanggen
President: Mr. Zhu Changqiu
|Parent||Magang (Group) Holding Company|
|Website||Maanshan Iron & Steel Company Limited|
Maanshan Iron & Steel Company Limited (SSE: 600808; SEHK: 0323) is China's ninth largest steel producer after Baosteel and Wuhan Iron & Steel. Set along the banks of the Yangtze River in Ma'anshan, Masteel is known as the "flower of Jiangnan (South of Yangtze River in Chinese language)."
Maanshan Iron & Steel, better known as Masteel, turns out 8 million tons of steel annually, 80% of which are of international grade (the remainder is used in-state). Its H-beams, plates, wheels, and wires are exported to nearly 50 countries worldwide. The company also makes wheels for locomotives. Formerly a subsidiary of Magang (Group) Holding Company, Masteel was spun off in 1993 and today is publicly traded on the Shanghai and Hong Kong stock exchanges. It has 44,104 employees as of December 2007.
On November 26, 2006, the Company acquired a 71% of equity interest in Burwill Coil Centre (Yangzhou) Company Limited.
The Group's principal activities are the manufacture and sale of iron and steel products. The production process of the Group mainly comprises cooking, sintering, iron smelting, steel smelting and rolling.
The principal steel products come in four major categories: steel sections, wire rods, medium or thick steel plates and train wheels and tyres.
It imports machinery and raw materials and exports steel products. It is also involved in the planning and designing of automation system, metallurgical, construction and environmental protection projects. Other activities include purchase, installation and repair of computers and communications systems; production, sale and transportation of slag products and provision of related consultation and technology services.