，
Introduction
Established in 1919, Angang Steel Group Co., Ltd. (also referred to as AnSteel Group or AnSteel) is one of the largest steel makers in China, mainly engaged in the production, processing and sale of steel products ranging from major products such as iron ore, coal, coke, and steel to secondary products such as galvanized steel, stainless steel and adjustable steel. Its predecessor, Angang Steel Co., Ltd., was the first modernized modern type of joint-stock enterprise in the Northeast established by China. Ansteel Group has long been focusing on the mining, metallurgy and chemicals industrial sectors, and considered as one of the four great iron and steel groups in China (the other three include the Beijing Shougang Group, the Wuhan Iron and Steel Group, and the Baotou Iron and Steel Group).
At present, Ansteel Group has produced more than 70 million tons of steel in total and has become one of the key steel enterprises of the National Development and Reform Commission. With a total assets of more than 200 billion RMB and a production capacity of 30 million tons, Ansteel Group has 6 operative iron & steel companies and 3 steel companies, as well as a number of related companies with different business activities. Angang Steel Group has 12 major steel departments in total and established more than 10 overseas trading companies in China and abroad.
Business Overview
AnSteel Group is primarily engaged in the large-scale production of the various metals, such as iron, steel, stainless steel, and special steel products. It is also involved in the steel processing, processing, storage and trade of ferrous material, raw materials, steel products and other products. The companys major products include regular steel billets, medium gauge plates, thin gauge plates, galvanized steel, cold rolled steel, hot rolled steel, low carbon steel and others.
AnSteel Group is one of the key steel enterprises in China, supplying steel materials for infrastructure and engineering projects. The company also engages in research and development projects related to steel processing. It has established technology research and development bases in Beijing, Shanghai, and Zhangzhou for the engineering application technology of special steel. The company has a technical center, accredited by the Ministry of Metallurgical Industry, which is involved in the research and development of steel smelting technology, control technology, and process technology of steel.
AnSteel Group is based in the populous and industrialized region of Liaoning – the northeastern part of China. Because of its strategic location close to the major sources of steel resources in the world, AnSteel Group has access to the largest and most cost-effective resources. This combined with the companys experienced technical staff makes AnSteel Group a reliable and economical supplier of stainless steel and special steels.
Financial Overview
AnSteel Group recorded an increase of 5% in its revenue to USD 41.2 billion in 2018 due to higher steel output. This increased the companys net profit to over USD 4 billion, an increase of 15% when compared to the previous year. This was due to the companys efficient cost management and also the increase in the sales of its products. The company also increased its capital expenditure to 3 billion US dollars in 2018, which was mainly due to the construction of necessary infrastructure and the expansion of steelmaking facilities.
AnSteel Group is well-positioned to sustain its growth trajectory, with the China governments proposed One Belt, One Road initiative creating additional demand for steel in the country. The company is expected to benefit from the additional orders for steel under the new policy, which will further boost its sales and profits.
Conclusion
AnSteel Group is one of the major steel producers in China, driven by an efficient cost management as well as a strategic suppliers of stainless steel and special steels. The company is expected to benefit from the governments One Belt, One Road policy, and is well-positioned to maintain its 40 percent market share in the steel industry in the long term.
