History of Ansteel- Anshan I&S - China.

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History of Ansteel History of Ansteel

In 2022, Ansteel was the third largest steelmaker in the world and produced ~56 million tonnes (mt) of liquid steel.

The timeline below covers the history of the firm.

  • 1916: Showa Steel Works established under Japanese rule in Manchuria.
  • 1937: Showa adopts German Krupp-Renn technology for steelmaking.
  • 1945: Mill dismantled by Red Army at end WW2 and shipped to Soviet Union.
  • 1948: Steel mill rebuilt at previous Showa site as Anshan I&S.
  • 1965: Establishment of Panzhihua Iron and Steel (Group) Company Ltd.
  • 2002: Invests with ThyssenKrupp Stahl in Tagal automotive HDG plant.
  • 2004: Obtains listing on Hong Kong and Shenzhen stock exchanges.
  • 2005: Plan announced for company merger with Benxi Iron and Steel.
  • 2006: Benxi I&S merger plan abandoned.
  • 2008: Tagal jv capacity increased to 800kt/year
  • 2010: Panzhihua Iron and Steel merged into the Group.
  • 2014: Buys 60% stake in E United Group's stainless mill in Guangzhou.
  • 2015: Announces plan for another auto galv line jv with ThyssenKrupp.
  • 2018: Acquires 100% of equity of Chaoyang Steel for $882m.
  • 2019: Acquires Gindalbie Metals in $25m deal.
  • 2020: Settles cross-border iron ore transaction in Yuan [not dollars].
  • 2021: Ansteel and Ben Gang ponder deal to create world's No 3 steelmaker.
  • 2021: Acquires 51% stake in Benxi Steel Group Co.
  • 2023: Acquires 49% stake in Lingyuan Iron and Steel from SASAC.

  • 1916: The Showa Steel Works was initially a subsidiary of the South Manchurian Railway Company, and was based in Anshan. This locations was chosen for the steelplant because of its proximity to the Takushan iron ore deposits.
  • By 1942, the Showa Steel Works had total production capacity of ~3,600,000 tonnes, making it one of the major iron and steel centers in China.
  • 1965: Panzhihua Iron and Steel (Group) Company Limited is also known as Pangang. Over the years Pangang became one of the largest steel makers in Western China, as well as one of the country's largest producers of vanadium products.
  • In 2002, ThyssenKrupp Steel Europe AG and Ansteel China invested in an automotive industry hot dip galvanized steel production plant called Tagal (TKAS Auto Steel Company Limited)), located in Dalian (in the north east of China). The initial design capacity of this facility was 450 kt/year.
  • 2004: Stock exchange listing obtained as Anshan Iron and Steel Group (Angang).
  • 2005: Merged Anshan - Benxi firm was to have been called the Anben Iron and Steel Group.
  • 2015: Joint venture with ThyssenKrupp Steel Europe related to investment and construction of a high-strength auto sheet steel plant in Chongqing.
  • 2018: Chaoyang Steel produces ~2 million tonnes of quality sheet steel per year from its facility in northern Liaoning province.
  • 2019: Purchase of Gindalbie Metals by Ansteel was intended to take place after demerger of Gindalbie's subsidiary Coda Minerals. Coda is involved in exploration activities at the Mt Gunson copper-cobalt project in South Australia.
  • 2020: In early August, Ansteel Group and London-headquartered Rio Tinto Group completed their first iron ore settlement in Chinese yuan. The transaction was vlued at CNY100 million (USD 14.3 million).
  • 2021: An April press release mentioned the merger. The potential deal to integrate the country's fourth- and ninth-largest steel companies, respectively, was announced by a listed unit of Ben Gang, which noted that the merger was still in the planning phase and would require regulatory approval.
  • 2021: Merger of Ansteel and Benxi Steel creates world's third largest steelmaker, with crude steel capacity of 63 mt / year and annual sales worth 300 billion yuan ($46 billion).
  • 2023: In March 2023, Lingyuan Iron and Steel had crude steel capacity of approx 6 million tpy, used for the production of bar, rod and plate. The 49% equity stake in Lingyuan Iron & Steel was acquired from China's State-owned Assets Supervision and Administration Commission (SASAC).

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