Ansteel Group

Anshan Iron and Steel Group Corporation

Trade name	Ansteel Group
Company type	State-owned enterprise
Industry	Steel manufacturing
Founded	1916; 109 years ago (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)
Operating income	(CN¥4.096 billion) (2015)
Net income	(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
Transcriptions Standard Mandarin Hanyu Pinyin Ānshān gāngtiě jítuán gōngsī
Website	www.ansteel.cn
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 is 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]

The enterprise was established under Japanese colonial control in Manchuria as Anshan Iron & Steel Works, then Shōwa Steel Works. After Japan's defeat in the Second Sino-Japanese War, China's Nationalist government restructured it as a state-owned enterprise. Once the Communists gained control of Anshan in the Chinese Civil War, the enterprise was re-organized as Anshan Iron and Steel Company (Angang).

Angang was critical to the development of heavy industry during the early years of the People's Republic of China. During the Great Leap Forward and the Cultural Revolution, Angang was politically important in debates about worker democracy (especially through the Angang Constitution) and local control (as opposed to central control) over state-owned enterprises.