Masteel Group

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Ma gang (Group) Holding Co., Ltd., 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). It is headquartered in Ma'anshan, Anhui province. The group produced iron and steel via its listed subsidiary Maanshan Iron and Steel Company Limited, which was a listed company since 1993. However, the group had a significant part remained unlisted. In Chinese language, the company was nicknamed as "A flower of Jiangnan". Ma Steel Group, as a steel plant, was founded in 1953 as "Maanshan Iron Mining Plant" (Chinese: 马鞍山铁厂; lit. 'Ma'anshan iron plant') in the city named 马鞍山 which means "horse saddle hill". In 1958, it was renamed to "Maanshan Iron and Steel Company", (Chinese: 马鞍山钢铁公司 or transliterated as "Maanshan 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, behind the top 3 at that time: Anshan, Wuhan and Baotou. According to the company, the steel plant was the first Chinese manufacturer of train wheel and tires, which was first produced in 1962.