Anshan Iron and Steel Group Corporation

Anshan, Liaoning China

  (Hong Kong: 0347)

Company Description

Anshan Iron and Steel Group, established in 1948, is one of China's largest producers of steel and metal products. The company operates through some 30 subsidiaries (including Angang Steel), six large iron ore mines, and four iron ore dressing, one iron-making, three steel-making, and more than a dozen steel-rolling plants. It produces 16 million tons of steel products and another 16 million tons of iron ore annually. Anshan's steel unit is focused on high-end products such as electroplated, color-coated, and silicon flat steel products. In 2010, it formed a controversial joint venture with Steel Development Co. for a US operation. Some 52 lawmakers opposed the deal, calling it a threat to US national security.