Not to be confused with Masteel Group formerly known as "Maanshan Iron and Steel Company" from 1958 to 1993 and the parent company of Maanshan Iron & Steel Co. Ltd. (this article)..
Maanshan Iron & Steel Company Limited, known as Maanshan Iron & Steel or just Masteel (in Chinese Magang) is a Chinese listed company which engaged in steel manufacturing. The company was based in Ma'anshan, Anhui province. Since its establishment in 1993, it was controlled by the Chinese governments. However, the indirect parent company was changed to central government owned China Baowu Steel Group in June 2019, after the Group acquired 51% stake of Masteel Group, the direct parent company of the listed company from the Anhui provincial government.
The history of the steel plant could be traced back to "Ma'anshan Iron Mining Plant", established in 1953.[2][non-primary source needed] The steel plant was renamed to "Ma'anshan Iron and Steel Company",[2] (Chinese: 马鞍山钢铁公司 or transliterated as "Ma'anshan Iron and Steel Corporation"). In the 1950s, it was considered as one of the 5 medium-sized steel plants of the People's Republic of China,[3] behind the top 3 at that time: Anshan, Wuhan and Baotou.[4] In the 1970s, the production process of the Group mainly comprised cooking, sintering, iron smelting, steel smelting and rolling.[3]
Maanshan Iron & Steel Company Limitededit
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. It was one of the first Chinese state-owned enterprises to be a listed company.[6]
In 1998 the parent company was renamed into Magang (Group) Holding Co., Ltd.,[2] but commonly known as Masteel Group.
In the 2010s, the listed company had become a supplier of the train wheels and tires for China Railway High-speed trains such as Fuxing.[7]
In 2016, as part of the national policy to retire old-age steel production facilities as well as scale-down steel production volume, Maanshan Iron & Steel started to retire some of their production line. In 2018, the retirement was completed.[8]
Controversiesedit
In 2015, [sic] hundreds[6][nb 1] of lay-off workers protested the closing of a steel plant of the listed company in Hefei, the capital of Anhui province, demanding a fairer compensation.[6][9] The plant was formerly known as "Hefei Iron and Steel" (Chinese: 合肥钢铁 or in short 合钢)[10] but renamed to "Masteel (Hefei) Iron and Steel" (Chinese: 马钢（合肥）钢铁) after became a subsidiary of Maanshan Iron and Steel. It was closed down due to heavy pollution.[10][11] Some part of the Hefei steel plant had become a national monument, as the first steel plant (instead of iron) of the province.[12]
In early 2016, fellow Chinese steel maker and later the parent company Baosteel Group (now China Baowu Steel Group) was accused by US Steel Corporation of stealing commercial secrets. Baosteel rejected these allegations.[13] The United States International Trade Commission (ITC) launched a probe into these allegations in May 2016, which Maanshan Iron and Steel was included in the investigation along with other Chinese steel maker such as Wuhan Iron and Steel,[14] which was also part of China Baowu Steel Group since 2016.
Footnotesedit
^According to a self-published news report in boxun.com, 5,000 people were involved in January 2016 protest which was held in a square of the former steel plant, with some protesters had blocked the traffic near the gate of the steel plant,[9] while Financial Times reported hundreds of protesters were on the street in 2015.[6] The same Boxun news report also stated the previous protest was held in April 2014, in the form of labour strike.[9] Both sources confirmed the existence of protest(s) but contradicted on details.
Referencesedit
^2018 Annual Report (H share) (PDF) (Report). Maanshan Iron & Steel Company Limited. April 2019. Retrieved 18 June 2019 – via Hong Kong Exchanges and Clearing Limited.
^ abc. Magang (Group) Holding. Archived from the original on 30 December 2004. Retrieved 18 June 2019.
^ abThe New Encyclopædia Britannica (1974), Micropædia Vol. 6 (15th ed.). p. 423.
^荣文丽; 武力 (January 2013). 中国当代钢铁工业发展的思想与实践. 河北学刊 [Hebei Academic Journal] (in Chinese (China)). Hebei Academy of Social Sciences. 33 (1). ISSN 1003-7071.
^招股说明书概要 (prospectus) (in Chinese (China)). Maanshan Iron and Steel Company Limited. 1 November 1993. Retrieved 18 June 2019 – via jrj.com.cn.
^ abcdFeng, Emily (16 November 2017). Written at Ma'anshan. "China's laid-off workers pose daunting welfare challenge". Financial Times. London. Retrieved 18 June 2019.
^anonymous (27 June 2018). . 安徽频道 [Anhui channel] (in Chinese (China)). Photographed by 王雷. Beijing. Xinhua News Agency. Archived from the original on July 1, 2018. Retrieved 19 June 2019.
^吴量亮 (1 January 2019). 我省提前两年完成“十三五”钢铁去产能任务. 安徽日报 [Anhui Daily] (in Chinese (China)). Hefei: 安徽日报报业集团 [Anhui Daily Press Group]. Retrieved 18 June 2019.
^ abc安徽合肥逾千钢铁工人游行示威与警对峙. Boxun (in Chinese (China)). 21 January 2016. Retrieved 19 June 2019.
^ ab合肥马钢，一个时代的告别. 鹅眼 (in Chinese (China)). No. 94. Tencent. 2016. Retrieved 19 June 2019.
^2015年年度报告 [2015 Annual Report (A share)] (PDF) (Report) (in Chinese (China)). Maanshan Iron and Steel Company Limited. 2016. Retrieved 18 June 2019 – via Shanghai Stock Exchange.
^【第二批国家工业遗产】合肥钢铁厂——开启安徽现代工业序幕. China Industry News (in Chinese (China)). 22 May 2019. Retrieved 18 June 2019.
^"China's Baosteel Group says U.S. Steel accusations groundless". Reuters. 29 April 2016. Retrieved 18 June 2019.
^"U.S. panel launches trade secret theft probe into China steel". Reuters. 29 May 2016. Retrieved 18 June 2019.
External linksedit
Official website
March 01, 2024
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Not to be confused with Masteel Group formerly known as Maanshan Iron and Steel Company from 1958 to 1993 and the parent company of Maanshan Iron amp Steel Co Ltd this article This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Maanshan Iron amp Steel news newspapers books scholar JSTOR October 2008 Learn how and when to remove this template message Maanshan Iron amp Steel Company Limited known as Maanshan Iron amp Steel or just Masteel in Chinese Magang is a Chinese listed company which engaged in steel manufacturing The company was based in Ma anshan Anhui province Since its establishment in 1993 it was controlled by the Chinese governments However the indirect parent company was changed to central government owned China Baowu Steel Group in June 2019 after the Group acquired 51 stake of Masteel Group the direct parent company of the listed company from the Anhui provincial government Maanshan Iron amp Steel Company LimitedCompany typePublicTraded asSSE 600808 A share SEHK 323 H share ISINCNE000000DD4CNE1000003R8IndustrySteel manufacturingFounded1993FounderMasteel GroupHeadquartersMa anshan Anhui province ChinaArea servedChinaKey peopleDing Yi Chairman 1 ProductsSteelOwnerMasteel Group 45 54 ParentMasteel GroupChinese nameSimplified Chinese马鞍山钢铁股份有限公司Literal meaningMa anshan steel and iron company limited by sharesTranscriptionsWebsitewww wbr magang wbr com wbr hk Contents 1 History 1 1 Predecessor 1 2 Maanshan Iron amp Steel Company Limited 2 Controversies 3 Footnotes 4 References 5 External linksHistory editPredecessor edit See also Masteel Group The history of the steel plant could be traced back to Ma anshan Iron Mining Plant established in 1953 2 non primary source needed The steel plant was renamed to Ma anshan Iron and Steel Company 2 Chinese 马鞍山钢铁公司 or transliterated as Ma anshan Iron and Steel Corporation In the 1950s it was considered as one of the 5 medium sized steel plants of the People s Republic of China 3 behind the top 3 at that time Anshan Wuhan and Baotou 4 In the 1970s the production process of the Group mainly comprised cooking sintering iron smelting steel smelting and rolling 3 Maanshan Iron amp Steel Company Limited edit In 1993 Maanshan Iron amp 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 It was one of the first Chinese state owned enterprises to be a listed company 6 In 1998 the parent company was renamed into Magang Group Holding Co Ltd 2 but commonly known as Masteel Group In the 2010s the listed company had become a supplier of the train wheels and tires for China Railway High speed trains such as Fuxing 7 In 2016 as part of the national policy to retire old age steel production facilities as well as scale down steel production volume Maanshan Iron amp Steel started to retire some of their production line In 2018 the retirement was completed 8 Controversies editIn 2015 sic hundreds 6 nb 1 of lay off workers protested the closing of a steel plant of the listed company in Hefei the capital of Anhui province demanding a fairer compensation 6 9 The plant was formerly known as Hefei Iron and Steel Chinese 合肥钢铁 or in short 合钢 10 but renamed to Masteel Hefei Iron and Steel Chinese 马钢 合肥 钢铁 after became a subsidiary of Maanshan Iron and Steel It was closed down due to heavy pollution 10 11 Some part of the Hefei steel plant had become a national monument as the first steel plant instead of iron of the province 12 In early 2016 fellow Chinese steel maker and later the parent company Baosteel Group now China Baowu Steel Group was accused by US Steel Corporation of stealing commercial secrets Baosteel rejected these allegations 13 The United States International Trade Commission ITC launched a probe into these allegations in May 2016 which Maanshan Iron and Steel was included in the investigation along with other Chinese steel maker such as Wuhan Iron and Steel 14 which was also part of China Baowu Steel Group since 2016 Footnotes edit According to a self published news report in boxun com 5 000 people were involved in January 2016 protest which was held in a square of the former steel plant with some protesters had blocked the traffic near the gate of the steel plant 9 while Financial Times reported hundreds of protesters were on the street in 2015 6 The same Boxun news report also stated the previous protest was held in April 2014 in the form of labour strike 9 Both sources confirmed the existence of protest s but contradicted on details References edit 2018 Annual Report H share PDF Report Maanshan Iron amp Steel Company Limited April 2019 Retrieved 18 June 2019 via Hong Kong Exchanges and Clearing Limited a b c About us Magang Group Holding Archived from the original on 30 December 2004 Retrieved 18 June 2019 a b The New Encyclopaedia Britannica 1974 Micropaedia Vol 6 15th ed p 423 荣文丽 武力 January 2013 中国当代钢铁工业发展的思想与实践 河北学刊 Hebei Academic Journal in Chinese China Hebei Academy of Social Sciences 33 1 ISSN 1003 7071 招股说明书概要 prospectus in Chinese China Maanshan Iron and Steel Company Limited 1 November 1993 Retrieved 18 June 2019 via jrj com cn a b c d Feng Emily 16 November 2017 Written at Ma anshan China s laid off workers pose daunting welfare challenge Financial Times London Retrieved 18 June 2019 anonymous 27 June 2018 揭秘 高铁轮箍的诞生过程 安徽频道 Anhui channel in Chinese China Photographed by 王雷 Beijing Xinhua News Agency Archived from the original on July 1 2018 Retrieved 19 June 2019 吴量亮 1 January 2019 我省提前两年完成 十三五 钢铁去产能任务 安徽日报 Anhui Daily in Chinese China Hefei 安徽日报报业集团 Anhui Daily Press Group Retrieved 18 June 2019 a b c 安徽合肥逾千钢铁工人游行示威与警对峙 Boxun in Chinese China 21 January 2016 Retrieved 19 June 2019 a b 合肥马钢 一个时代的告别 鹅眼 in Chinese China No 94 Tencent 2016 Retrieved 19 June 2019 2015年年度报告 2015 Annual Report A share PDF Report in Chinese China Maanshan Iron and Steel Company Limited 2016 Retrieved 18 June 2019 via Shanghai Stock Exchange 第二批国家工业遗产 合肥钢铁厂 开启安徽现代工业序幕 China Industry News in Chinese China 22 May 2019 Retrieved 18 June 2019 China s Baosteel Group says U S Steel accusations groundless Reuters 29 April 2016 Retrieved 18 June 2019 U S panel launches trade secret theft probe into China steel Reuters 29 May 2016 Retrieved 18 June 2019 External links editOfficial website Retrieved from https en wikipedia org w index php title Maanshan Iron 26 Steel amp oldid 1136364887, wikipedia, wiki, book, books, library,
