Magang (Group) Holding Company

Magang (Group) Holding Company
Magang (Group) Holding Company Limited
Type State-owned enterprise
Industry Steel manufacturing
Founded 1958
Headquarters Maanshan, Anhui, People's Republic of China
Area served People's Republic of China
Key people President: Mr. Gu Jianguo
Party secretary: Mr. Gu Zhanggen
Products Steel
Subsidiaries Maanshan Iron & Steel Company
Website Magang (Group) Holding Company Limited

Magang (Group) Holding Company Limited, or Masteel, is one of the largest iron and steel enterprises in Mainland China headquartered in Maanshan, Anhui Province. It gained the fame of "a flower of Jiangnan" (South part of Yangtze River in Chinese language).

Masteel was founded in 1958 from Maanshan Iron Mining Plant. In 1993, it split into Magang Holding Company (the name was changed into Magang (Group) Holding Company Limited in 1998) and Maanshan Iron & Steel Company Limited. At the same year, it was listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange.

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