Anshan Iron and Steel Company is based in Anshan, Liaoning Province, China. It is one of the largest iron and steel companies in the world, with an annual production capacity of more than 20 million tons of steel. Founded in 1917, the company has grown to become an integrated steel producer, with operations that include mining, sintering, coking, ironmaking, steelmaking, rolling, and forming.
Anshan Iron and Steel Company is listed in the Shanghai Stock Exchange and has a diversified holding of more than 30 subsidiaries, with direct participation in marine shipping, urban infrastructure and real estate projects. Unlike other Chinese steel producers, Anshan is not primarily focused on export but mainly serves the domestic market. This strategic focus may have led to some of its success in protecting profit margins during the economic downturn of 2009. The companys primary products include high-grade automotive steel, lightweight high strength steel, and electrical steel.
Anshan has established itself as an innovative leader in the Chinese steel industry, investing heavily in research and development to improve steel production efficiency. The company is famous for developing the A-grade steel, a new type of steel that is lighter yet stronger than traditional steels. It is most popular in the automotive industry and has helped Anshan become the largest producer of lightweight high strength steel in China.
Anshan not only produces steel but also owns coal and iron ore mine concessions, optimizing its production and pricing capability. The company has a total of six coal mines, three of which are coking coal mines, two of which are for thermal coal, and one for iron ore. It also owns a total of three large coking plants, two sintering plants, and a coke-power generating plant in the Liaoning province.
Anshan also approaches environmental protection in a more modern and forward-looking manner than other Chinese steel companies of its size. The company has implemented the green steel initiative, which uses cleaner energy resources and modern technology to reduce air pollution, waste water, and solid waste discharge.
Beyond its efforts to expand its product portfolio, Anshan is also expanding its presence in global markets. In 2010, the company opened a representative office in Washington D.C.; the first of its kind in the United States. It also operates sales offices in Hong Kong, Germany, Italy, Spain, Indonesia, and the Middle East.
The future of Anshan looks bright as it continues to invest in modern technologies and innovative strategies to remain competitive in the global steel market. With its proven capabilities in both advanced and traditional steels, Anshan plans to continue to be a major player in the industry.
