Masteel (Group) Holding Co., Ltd., one of the top ten brands of steel, originated from Ma'anshan Iron Works in 1953, a super-large steel conglomerate and an important steel production base, specializing in ferrous metal smelting and rolling processing and product sales, and a large enterprise group specializing in the extension processing of steel products
Masteel is a large steel conglomerate in China, a H-share listed company, authorized by the Anhui Provincial Government, covering an area of 13.5 square kilometers, with 47,000 employees, with 20 million tons of steel supporting production scale, forming a coordinated development pattern of three leading industries: steel industry, steel upstream and downstream related industries and strategic emerging industries. In 2015, Masteel's crude steel output was 18.82 million tons, with total assets of 82.3 billion yuan and operating income of 50.4 billion yuan.
The predecessor of Masteel was Ma'anshan Iron Works, which was established in 1953; In 1958, Ma'anshan Iron and Steel Company was established; In 1993, the shareholding system was successfully restructured and separated into Magang Corporation and Maanshan Iron and Steel Co., Ltd.; In 1998, Masteel Corporation was restructured into Masteel (Group) Holding Co., Ltd. in accordance with the law. In the course of more than 50 years of development, Masteel has made important contributions to the development of China's iron and steel industry: in the 60s, China's first wheel and wheel hoop factory was built, which filled the gap in the localization of wheel and wheel hoops; It has created a civilized production experience of "three clear, four no, five non-leakage, standardization, and one line", and "a flower in the south of the Yangtze River" is well-known throughout the country. In the 80s, the first set of high-speed wire rod rolling mill in China was built, which became the cradle of high-speed wire rod rolling technology in China. In the 90s, it became one of the first 9 standardized joint-stock pilot enterprises in China, enjoying the reputation of "China's first iron and steel stock"; In 1998, China's first H-beam production line was built, filling the gap of domestic large H-beam products.
In recent years, Masteel has adhered to the development as the first priority, with structural adjustment and innovation-driven as the main line, and completed two rounds of large-scale structural adjustment with a total investment of more than 40 billion yuan with the remarkable "Masteel speed", and has the world's advanced production lines such as cold and hot rolled sheets, color-coated sheets, galvanized sheets, H-beams, high-speed wire rods, high-speed bars and wheel hoops, long products, strips and axles, and wheels, H-beams, cold heading steel, pipeline steel and other products have independent intellectual property rights and core technologies. Wheels and H-beam products were awarded the title of "China Famous Brand", and Masteel's trademark was rated as well-known protection; Construct a new pattern of coordinated development of "1 7" diversified industries - "1" is the main steel industry, the main business is concentrated in Masteel Co., Ltd., with three major steel production bases of headquarters, Changjiang Iron and Steel and Hefei Company; "7" refers to seven non-steel sectors, including mineral resources industry, engineering technology, trade and logistics, energy conservation and environmental protection, financial investment, information technology, and new materials.
At present, Masteel is in a critical period of responding to severe market challenges and accelerating transformation and development. In the face of the general trend of the development of the iron and steel industry, Masteel is unswervingly implementing the "three-step" target requirements put forward by the Anhui Provincial Party Committee and Provincial Government, actively integrating into the "Belt and Road", "Made in China 2025" and the construction of the Yangtze River Economic Belt, accelerating the pace of transformation and upgrading, promoting the coordinated development of diversified industries, vigorously implementing green manufacturing and clean production, striving to pursue excellence in adapting to the new normal, and working together to build a better home for Masteel.
