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 Ma'anshan ( zh, s=马鞍山, t=馬鞍山, p=Mǎ ān Shān), also colloquially written as Maanshan, is a prefecture-level city in the eastern part of Anhui province in Eastern China. Its aliases include Taiping, Steel City, and Poetry City. An i ...

, 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 China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. The company was formed by Baosteel Group absorbing its smaller state-owned p ...

in June 2019, after the Group acquired 51% stake of

Masteel Group Ma gang (Group) Holding Co., Ltd., or known as Masteel Group, is one of the major Chinese iron and steel enterprises. Since 2019, it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's ...

, 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", ( zh, s=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 Anshan ( zh, s=鞍山, p=Ānshān, l=saddle mountain) is an inland prefecture-level city in central-southeast Liaoning province, People's Republic of China, about south of the provincial capital Shenyang. As of the 2020 census, it was Liaoning' ...

Wuhan Wuhan; is the capital of Hubei, China. With a population of over eleven million, it is the most populous city in Hubei and the List of cities in China by population, eighth-most-populous city in China. It is also one of the nine National cent ...

and

Baotou Baotou; is the largest city by urban population in Inner Mongolia, China. Governed as a prefecture-level city, as of the 2020 census, its built-up (''or metro'') area made up of its 5 urban districts is home to 2,261,089 people with a total po ...

. In the 1970s, the production process of the Group mainly comprised cooking,

sintering Sintering or frittage is the process of compacting and forming a solid mass of material by pressure or heat without melting it to the point of liquefaction. Sintering happens as part of a manufacturing process used with metals, ceramics, plas ...

, iron

smelting Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron-making, iron, copper extraction, copper ...

, 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. It was one of the first Chinese state-owned enterprises to be a listed company. In 1998 the parent company was renamed into Magang (Group) Holding Co., Ltd., but commonly known as

. In the 2010s, the listed company had become a supplier of the train wheels and tires for

China Railway High-speed China Railway High-speed (CRH) is a high-speed rail service operated by China Railway in addition to China Railway's older Classic Rail services. The introduction of CRH series was a major part of the sixth national railway speedup, impleme ...

trains such as Fuxing. In 2016, as part of the national policy to retire old-age steel production facilities as well as scale-down steel production volume, Maanshan Iron & Steel started to retire some of their production line. In 2018, the retirement was completed.

Controversies

In 2015, hundreds of lay-off workers protested the closing of a steel plant of the listed company in

Hefei Hefei is the Capital city, capital of Anhui, China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census. Its built-up (or ''metro'') area is made up of four u ...

, the capital of Anhui province, demanding a fairer compensation. The plant was formerly known as "Hefei Iron and Steel" ( zh, s=合肥钢铁 or in short zh, s=合钢, labels=no) but renamed to "Masteel (Hefei) Iron and Steel" ( zh, s=马钢（合肥）钢铁) after became a subsidiary of Maanshan Iron and Steel. It was closed down due to heavy pollution. Some part of the Hefei steel plant had become a national monument, as the first steel plant (instead of iron) of the province. In early 2016, fellow Chinese steel maker and later the parent company Baosteel Group (now

) was accused by

US Steel Corporation The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, ...

of stealing commercial secrets. Baosteel rejected these allegations. The

United States International Trade Commission The United States International Trade Commission (USITC or I.T.C.) is an agency of the United States federal government that advises the legislative and executive branches on matters of trade. It was created by Congress in 1916 as the U.S. Tari ...

(ITC) launched a probe into these allegations in May 2016, which Maanshan Iron and Steel was included in the investigation along with other Chinese steel maker such as Wuhan Iron and Steel, which was also part of China Baowu Steel Group since 2016.

Footnotes

References

External links

* {{DEFAULTSORT:Maanshan Iron and Steel Companies listed on the Shanghai Stock Exchange Companies listed on the Hong Kong Stock Exchange Companies established in 1993 1993 initial public offerings 1994 initial public offerings Steel companies of China Companies based in Anhui H shares Baowu 1993 establishments in China