Anshan Iron & Steel Group Co., Ltd. (“Ansteel”) is one of the largest iron and steel production and manufacturing companies in China and the world. Founded in 1909 in Anshan, Liaoning province, Ansteel specializes in manufacturing high-grade steel products including hot-rolled sheet steel, cold-rolled sheet steel, wire rod, bar steel, and high-quality strips. Ansteel’s products are used in a variety of industries from automotive and shipbuilding to power generation and construction.
In 2019, to meet the needs of a rapidly growing Chinese economy, Ansteel established a new steel subsidiary, New Steel Co., Ltd. (“New Steel”). New Steel is a fully owned subsidiary of Ansteel with its own self-governing corporate management, staff, and corporate culture. As part of its mission to meet growing demand for steel products, New Steel operates two integrated steel plants in the Chaoyang and Dandong districts in Liaoning province.
New Steel’s plants are equipped with advanced technology that is capable of producing various high-grade steel products. Through the use of modern equipment and production methods, New Steel has the capacity to produce over 6 million tonnes of high-grade hot-rolled sheet steel and over 2 million tonnes of wire rod each year. In addition, New Steel also produces over 800 thousand tonnes of cold-rolled sheet steel and various high-quality steel strip products.
New Steel’s products are widely used in various industries, ranging from shipbuilding and railway construction to power generation and nuclear power. The company’s products can also be found in a variety of industrial components, such as automobiles, bridges, dams, and aerospace projects. Furthermore, New Steel is also the supplier for some of China’s key infrastructure projects, including the development of the world’s longest bridge, the Dalian-Zhoushan bridge.
To meet its ambitious production goals, New Steel is constantly investing in new technology and equipment. The company acquired two new cold rolling lines from SMS Group in 2018 to increase its production capacity. In addition, New Steel is investing in new personnel and training programs in order to ensure that its employees are equipped with the necessary skills to operate the new equipment.
By continually investing in research and technology, New Steel has been able to leverage advances in the steel industry to produce high-grade steel products that meet international standards. The high-tech nature of its production facilities has also enabled New Steel to reduce waste, operate at higher levels of efficiency, and reduce production costs.
As such, New Steel Co. Ltd. has established itself as a major player in the steel industry. The company’s advanced facilities, strong production capacity, and dedication to quality will ensure that it will remain a leader in the industry for years to come.
