Anshan Iron and Steel Group, established in 1948, is one of China's largest producers of steel and metal products. The headquarters of Anshan Iron and Steel Company is sit in Anshan City, Liaoning Province. There are rich iron ore resource in Anshan area, proved up reserves of iron ore occupy approximately quarter of the reserves in whole country. rich magnesium ore, limestone ore, clay ore and manganese ore etc. are contained all around the area, they supply uncommon assistant materials for black metallurgy. Railway and speedway pass though the city section, Dalian harbor, Yingkou harbor and Bayuquan harbor communicate to within and outside the country, the condition of traffic transportation is very convenient. The company operates through some 30 subsidiaries (including Angang Steel), six large iron ore mines, and four iron ore dressing, one iron-making, three steel-making, and more than a dozen steel-rolling plants. It produces about 16 million tons of steel products and another 16 million tons of iron ore annually. Anshan's steel unit is focused on producing high-end products such as electroplated, color-coated, and silicon flat steel products used to make car bodies and computer and telecomm equipment. Among its customers are both the German and Chinese iterations of Volkswagen. The Sales for fiscal year ending December 2008 is $2,147.5M.