Ansteel Group
| Ansteel Group | |||||||
| Company type | State-owned enterprise | ||||||
| Industry | Steel manufacturing | ||||||
| Founded | 1916 | ||||||
| Headquarters | Anshan, Liaoning , China | ||||||
Area served | China | ||||||
Key people | Yao Lin (Chairman and Party Committee Secretary) | ||||||
| Products | Steel | ||||||
| Revenue |  CN¥73.354 billion (2015) | ||||||
| (CN¥4.096 billion) (2015) | |||||||
| (CN¥3.853 billion) (2015) | |||||||
| Total assets | CN¥195.640 billion (2015) | ||||||
| Total equity | CN¥47.073 billion (2015) | ||||||
| Owner | Chinese Government | ||||||
| Subsidiaries | Angang Steel (67.29%) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 鞍山钢铁集团公司 | ||||||
| Traditional Chinese | 鞍山鋼鐵集團公司 | ||||||
| |||||||
| Website | www | ||||||
| Footnotes / references in a consolidated basis[1] | |||||||
Anshan Iron and Steel Group Corporation (Ansteel Group in short; less popularly Angang Group) is a Chinese state-owned steel maker. The corporation was under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. It is headquartered in Anshan, Liaoning. According to the World Steel Association in 2015, the corporation was the 7th largest manufacturer of steel in the world by production volume.[2]
History
[edit]The group was formerly Anshan Iron & Steel Works and Showa Steel Works, which was established in 1916 under Japanese rule in Northeast China. Anshan Iron and Steel Company (Angang) was established from the two places in 1948.[3] It was among the formerly Japanese enterprises that was restructured as a Chinese state-owned enterprise when the Nationalist government assumed control of the region from 1946 to 1948.[4]: 4–5
During the resumed Chinese Civil War, the Nationalists destroyed Angang's blast furnaces and other key facilities when they withdrew from Anshan in February 1948.[4]: 91
In 1951, the People's Republic of China and its Soviet advisors began the "Three Major Projects" of Angang, which included a Seamless-Pipe Factory, the Large Steel-Rolling Factory, and Blast Furnace No. 7.[4]: 135 In May 1951, the PRC and the Soviet Union agreed for Soviet design of the Angang factories.[4]: 135 The steel refinery was modified under the aid of Soviet Union as one of 156 important construction projects in the First Five-year plan of China.
As part of the early to mid-1950s trend towards centralizing control over SOEs, in January 1953, Angang became a central SOE under the Ministry of Heavy Industry.[4]: 169 In June 1956, it was placed within the responsibility of the Ministry of Metallurgical Industry.[4]: 169
In 1958, prompted by the political movement of the Great Leap Forward, workers at Angang laid out rules to challenge the existing operations of their workplace.[5] These ideas were reflected in the March 11, 1960, "Report of the Anshan City Committee Regarding the Beginning of the Movement for Technological Reform and Technological Revolution."[6] On March 22, 1960, the Central Committee of the Chinese Communist Party approved the document and distributed it to various governmental bodies.[6] Mao Zedong designated the document as the Angang Constitution[6] and stated that its principles should guide the operation of state enterprises.[5]
In the early 1960s, Angang supported the construction of Vietnam's first modern steel enterprise, Thai Nguyen Iron and Steel Company.[4]: 248 It sent experts to the steelworks and trained hundreds of Vietnamese workers. When American attacks later damaged the facilities, Angang worked on the restoration, including through manufacturing essential equipment.[4]: 248
In 1997, a subsidiary Angang Steel was incorporated and listed some of the assets of the group in the stock exchanges.
In 2010 Panzhihua Iron and Steel was merged into Anshan Iron & Steel Group Corporation.
In August 2021, Ansteel and Angang Group Corporation, began the process of merging and restructuring that will create the world's third-largest steelmaker. According to the deal, Angang will become a subsidiary of Ansteel.[7]
Cultural narratives
[edit]In 1952, filmmaker and writer Yu Min relocated to Anshan to create films and other works celebrating Angang.[4]: 163
Academic Koji Hirata writes, "[T]hrough museums, essays, films, and television series, Angang symbolizes a golden age of Northeastern industry, when the region's SOEs were at the vanguard of China's steelmaking, auto manufacturing, coal mining and other industries vital for building socialism."[4]: 2
The Communist Party portrays the development of Angang and industry in the northeast as part of its history of building the Chinese nation.[4]: 2
See also
[edit]References
[edit]- ^ "2015 Annual Report". Ansteel Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 1 October 2016.
- ^ "World Steel Association - Top steel-producing companies". Archived from the original on 2016-07-19. Retrieved 2016-07-26.
- ^ Brief introduction of Anshan Iron and Steel Group Archived September 19, 2008, at the Wayback Machine
- ^ a b c d e f g h i j k Hirata, Koji (2024). Making Mao's Steelworks: Industrial Manchuria and the Transnational Origins of Chinese Socialism. Cambridge Studies in the History of the People's Republic of China series. New York, NY: Cambridge University Press. ISBN 978-1-009-38227-4.
- ^ a b Ching, Pao-Yu (2021). Revolution and Counterrevolution: China's Continuing Class Struggle since Liberation (2nd ed.). Paris: Foreign Languages Press. p. 72. ISBN 978-2-491182-89-2. OCLC 1325647379.
- ^ a b c Cai, Xiang; 蔡翔 (2016). Revolution and its Narratives : China's Socialist Literary and Cultural Imaginaries (1949-1966). Translated by Rebecca E. Karl, Xueping Zhong, 钟雪萍. Durham: Duke University Press. p. 340. ISBN 978-0-8223-7461-9. OCLC 932368688.
- ^ "Two Chinese steelmakers declare merger, become world's 3rd largest," The Star, August 19, 2021
