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Ma gang (Group) Holding Co., Ltd., [3] or known as Masteel Group, is one of the major Chinese iron and steel enterprises. Since 2019, it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's State-owned Assets Supervision and Administration Commission (SASAC).
In 1993, Maanshan Iron & Steel Company Limited was established to list the steel manufacturing assets in the stock exchanges, auxiliary divisions were not listed. [5] The old "Ma'anshan Iron and Steel Company" was renamed to "Magang Holding Company", but remained as the parent and the holding company of the listed company.
Hebei Iron and Steel Group Co., Ltd. was established on 30 June 2008 by the merger of Tangshan Iron and Steel Group and Handan Iron and Steel Group of Hebei Province. [4]The company had an indirectly listed subsidiary, Hesteel Company, which was known as Hebei Iron and Steel Company until June 2016.
In 2000, the Baosteel Group split, creating the new Baoshan Iron & Steel Co., Ltd., [1] which is listed on the Shanghai Stock Exchange since 12 December 2000. [3] It was the largest initial public offering in Mainland China up to that time, [4] [5] raising CNY 7.7 billion despite being limited to domestic investors.
China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. [3] The company was formed by Baosteel Group absorbing its smaller state-owned peer, Wuhan Iron and Steel Corporation in 2016.
Formerly "Jiangsu Shagang Group Company Limited", it was established in 1975 with self-financing of only 450,000 Renminbi. [1] At the end of 2007, it employs over 26,700 staff, covers an area of 10 km 2, and has total assets over RMB100 billion Yuan.
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The steel plant in Nanjing was founded in 1958. In 1999 Nanjing Iron and Steel Group spin-off some of the assembly line of the steel plant, incorporating Nanjing Iron and Steel Co., Ltd. (NISCO).