Angang Steel Co., Ltd. (000898)

Overview

Angang Steel Company Limited, headquartered in Anshan, China, is a prominent steel production and processing enterprise. The company has a broad international and national presence, focusing on manufacturing a wide range of steel products. Since its establishment in 1997, Angang Steel has expanded its operations to include various aspects of the steel industry, from production to processing, and even into retail and wholesale of metal materials and products. Initially known as Angang New Steel Company Limited, it adopted its current name in June 2006. Operating as a subsidiary of Anshan Iron & Steel Co. Ltd., the company serves a diverse set of industries including machinery, petroleum, chemical, coal, electricity, railway, shipbuilding, automotive, construction, home appliances, and aviation. It also has a significant role in international trade, exporting its products to global markets.

Products and Services

• Hot Rolled Sheets, Medium and Thick Plates: These are foundational materials used in various construction and machinery manufacturing, known for their strength and versatility.
• Cold Rolled Sheets: Utilized for purposes where surface finish and dimensional precision are crucial, such as in automobile manufacturing and home appliances.
• Galvanized Steel Sheets: These sheets are coated with a layer of zinc to ensure corrosion resistance, commonly used in the construction industry and for making vehicle bodies.
• Color Coating Plates: Offered in various colors, these steel plates are used for aesthetic purposes in construction and in manufacturing products where appearance is important.
• Cold Rolled Silicon Steel: Essential for the production of transformers, motors, and various electrical appliances due to its excellent electrical properties.
• Heavy Rails and Sections: Structural steel products used in railway, construction, and heavy industry for their ability to bear significant loads.
• Seamless Steel Pipes and Wire Rods: These products find applications in the oil and gas industry, as well as in construction and manufacturing due to their high strength and flexibility.
• Ferrous Metal Smelting, Steel Pressing and Processing Activities: Angang Steel extends its operations to include the initial production phases of steel, ensuring a comprehensive approach from raw materials to finished goods.
• Metal Materials and Building Materials Sales: Beyond production, the company also engages in the sale of a wide range of metal materials and related building products.
• E-Commerce and Technology Consulting: Recognizing the shift towards digitalization, Angang Steel offers services in e-commerce and technology consulting to meet the evolving needs of their clients.
• Supply Chain Financial Services: To support its operations and client base, Angang Steel provides financial services focused on the supply chain, aiding in transactions and logistics.
• Environmental Services: Includes the purification of cooking gas, production, and sale of coal products, dissolved acetylene, and management of compressed and liquefied gas, aiming at reducing the environmental impact of industrial processes.