Anshan Iron and Steel Group Corporation (Ansteel) is situated in Anshan, Liaoning Province. The Anshan area abounds with the rich iron ore resources. The proved reserves make up one fourth of the total reverses in the country. Additionally, the rich magnesite, limestone, claystone, manganese are distributed over the Anshan area, which are the uncommon auxiliary materials for the metallurgical industry. Anshan has convenient communications. Zhong-Chang railway and Shen-Da expressway pass through the urban area of Anshan, linking with Dalian Port, Yingkou Port and Bayuquan Port in the vicinity and opening into the world.
Initially came into being in 1916 and grew out of Anshan Ironworks and Shouwa Steelworks, Ansteel was established in 1948 and rebuilt into an earliest large-sized iron and steel production base in New China, thus having the reputation of the cradle of the Chinese steel industry and the eldest son of the Republic's steel industry.
Ansteel has made great contribution to the national economic construction. In 60 years, Ansteel cumulatively produced 375 million tons of pig iron, 381 million tons of raw steel and 277 million tons of rolled steel, and paid the tax and profit of 124.5 billion yuan, equivalent to 23 times of the State's investment for Ansteel, and also delivered nearly 60000 outstanding cadres, engineers, technicians and skilled workers to the various parts of the country and provided the training of more than 11 thousand people across all kinds of talents.