Anshan Iron and Steel Group
Anshan Iron and Steel Group (Angang) is a Chinese steel company mainly engaged in the manufacture and sale of iron and steel products in China and internationally. It is one of the largest and most influential steel companies in the world. Angang was founded in 1916 in the city of Anshan, Liaoning province in northeast China. It was one of the first steel producers to be established in the country and is now one of the largest, with a turnover of 150 billion yuan. The company produces a wide range of steel products, including iron ore, construction steel, hot- and cold-rolled steel, stainless steel, and other alloy steels. It is also one of the largest producers of iron ore and steel products in Asia.
The company has a long history of innovation and is the pioneer in the development of modern steelmaking technology in China. It is credited with introducing the transfer-type continuous caster in China, which is a key process in steel production. Angang also has significant research and development capabilities and has established several R&D centers in Beijing and Shenyang. These are dedicated to creating new technologies and processes to make the steelmaking process more efficient and cost-effective.
Anshan Iron and Steel Group employs over 100,000 people and operates a number of large production facilities across China and internationally. Its headquarters are located in Anshan city, Liaoning province. The company has operations in more than 20 countries, including North America, South Africa, Vietnam, the Middle East, India, and Australia. Angang is also a major shareholder in some of the largest steel companies in the world, such as ArcelorMittal and Corus.
The company is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Angang has a market capitalization of over 130 billion yuan and a market price of approximately 5 yuan per share as of April 2020. It is one of the few Chinese companies that have achieved high capitalization.
Angang is committed to providing quality products and services to its customers. The company follows an integrated approach to production and is equipped with the latest machinery and equipment. It also has a wide range of cutting-edge technologies to produce high-grade steel products. The company is also certified by various international standards and has met high standards of environmental and safety regulations.
Anshan Iron and Steel Group is a major contributor to the economic development of Chinas northeast region. It is one of the largest employers in the region and has shaped the economic growth of cities like Anshan and Shenyang. The company has also been actively involved in various social welfare activities and helps to promote education and employment in the region.
