Maanshan Iron & Steel Company Limited (OTCMKTS: MAANF), commonly known as Masteel, is a leading steel producer headquartered in Maanshan, Anhui Province, China. As a state-owned enterprise and a subsidiary of China Baowu Steel Group, the company focuses on integrated iron and steel operations, spanning from raw material procurement to finished steel products. Maanshan Iron & Steel serves a broad customer base across construction, automotive, machinery, and energy industries.
The company’s core business activities encompass ironmaking, steelmaking, and rolling, supported by in-house coke ovens and sinter plants. Its product portfolio includes long and flat steel products such as rebar, wire rod, hot-rolled and cold-rolled coils, galvanized sheet, and high-strength automotive steel. In addition to standard steel offerings, Maanshan produces specialty steel grades for pressure vessels, welded pipes, and other engineered applications.
While its primary market is mainland China, Maanshan Iron & Steel also exports steel products to regions in Southeast Asia, Europe, and North America, leveraging its extensive distribution network and logistics capabilities. The company maintains sales offices and service centers in key domestic and international locations to ensure timely delivery and technical support for its customers.
Founded in 1953 as one of the People’s Republic of China’s earliest large-scale steel plants, Maanshan Iron & Steel has undergone several modernization and capacity expansion phases. Under the strategic guidance of China Baowu Steel Group, the company continues to invest in environmental protection, energy efficiency, and digitalization initiatives. Its governance structure features a board of directors appointed by its state-owned parent, with senior management focused on sustainable growth and technological innovation.
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