Ansteel Group

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Ansteel Group
Industry Steel manufacturing
Founded
  • 1916
  • 1948 (company)
Headquarters Anshan, Liaoning, China
Area served
China
Key people
Yao Lin (Chairman and Party Committee Secretary)
Products Steel
Revenue Decrease CN¥73.354 billion (2015)
Decrease (CN¥4.096 billion) (2015)
Profit Decrease (CN¥3.853 billion) (2015)
Total assets Decrease CN¥195.640 billion (2015)
Total equity Decrease CN¥47.073 billion (2015)
Owner Chinese Government
Parent State-owned Assets Supervision and Administration Commission of the State Council
Subsidiaries Angang Steel Company (67.29%)
Website ansteelgroup.com/
Footnotes / references
in a consolidated basis[1]
Anshan Iron and Steel Group Corporation
Simplified Chinese 鞍山钢铁集团公司
Traditional Chinese 鞍山鋼鐵集團公司

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]

Business overview[edit]

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.[3]

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.[4]

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 2005, a plan to merge Anshan Iron and Steel and Benxi Iron and Steel was announced,[5] but never materialized.

In 2010 Panzhihua Iron and Steel was merged into Anshan Iron & Steel Group Corporation.

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]

References[edit]

External links[edit]