- Business
- Maanshan Iron & Steel Company Limited manufactures and sells iron and steel products and related by-products in the People's Republic of China. Founded in 1953 and headquartered in Maanshan, Anhui Province, the company operates as one of the largest integrated steel producers in China, utilizing blast furnace, basic oxygen furnace, and electric arc furnace technologies; its core products encompass four principal categories including steel plates such as hot-rolled thin plates for construction, automobiles, bridges, and petroleum transportation, cold-rolled thin plates for appliances and auto parts, galvanized plates for automotive and construction applications, coil-coating plates for building exteriors and steel windows, and medium plates for shipbuilding, boilers, and pressure vessels; section steel comprising H-shaped steel recognized with the Golden Cup Prize for use in construction, steel structures, machinery, petroleum platforms, and railways, along with common medium-shaped steel for shipbuilding and machinery; wire rods featuring high-speed wire materials for robust fasteners, pre-stressing strands, and spring wires, plus hot-rolled reinforcing steel bars for armored concrete construction; and train wheels and wheel rims honored as a Famous Brand of China for railway transport, port machinery, petrochemical, and aerospace sectors, supported by core patents in high-speed railroad wheels and advanced quality certifications including ISO9000:2000, AAR, JIS, DIN, ASTM, and CARES. The company distributes its products domestically and internationally, with involvement in ferrous metallurgy extended processing, coke and chemical products, metallic goods, rail equipment like axles and bogies, as well as trading in steel, pig iron, iron ore, fines, and scrap. In 2025, Baoshan Iron & Steel invests 9 billion yuan to acquire a 49% stake in the company's loss-making subsidiary Maanshan Steel Co., Ltd., reducing the parent's holding from 100% to 51% while retaining control, optimizing capital structure, enhancing competitiveness through synergies in management and resources, and bolstering regional market influence.