Maanshan Iron & Steel
Chinese steel manufacturer
Maanshan Iron & Steel Company Limited, known as Maanshan Iron & Steel or just Masteel (in Chinese Magang) is a Chinese listed company which engaged in steel manufacturing. The company was based in Ma'anshan, Anhui province. Since its establishment in 1993, it was controlled by the Chinese governments. However, the indirect parent company was changed to central government owned China Baowu Steel Group in June 2019, after the Group acquired 51% stake of Masteel Group, the direct parent company of the listed company from the Anhui provincial government.
History
Predecessor
The history of the steel plant could be traced back to "Ma'anshan Iron Mining Plant", established in 1953. The steel plant was renamed to "Ma'anshan Iron and Steel Company", (Chinese: 马鞍山钢铁公司 or transliterated as "Ma'anshan Iron and Steel Corporation"). In the 1950s, it was considered as one of the 5 medium-sized steel plants of the People's Republic of China, behind the top 3 at that time: Anshan, Wuhan and Baotou. In the 1970s, the production process of the Group mainly comprised cooking, sintering, iron smelting, steel smelting and rolling.
Maanshan Iron & Steel Company Limited
In 1993, Maanshan Iron & Steel Company Limited was established to list the steel manufacturing assets in the stock exchanges, auxiliary divisions were not listed. The old "Ma'anshan Iron and Steel Company" was renamed to "Magang Holding Company", but remained as the parent and the holding company of the listed company.
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This entry incorporates text from “Maanshan Iron & Steel” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.