Masteel is one of the largest iron and steel complex in China, the biggest industrial enterprise in Anhui province, and the international listed corporation. It formed in 1958.
After 50 years hard work, Masteel has made a great contribution to the development of iron & steel industry of our country: The wheel & tyre production line established in 1960s is one of the four achievements in our industry line at that time, which is the biggest in Asia and the only one in china. The production experience created by it had gained the fame of “a flower of Jiangnan (south part of Yangtze)”.
The first high speed wire production line established in 1980s is the cradle of China’s high speed wire rolling technique. In 1993, Masteel successfully undertook the shareholding reform as one of the first nine standardized pilot enterprises. It had been regarded as “the first share of China’s iron & steel industry”. Our country’s first H-beam production line which established in 1998 filled up the blank of our big H-beam products.
In recent years, Masteel firmly builds up and implements the philosophy of scientific development, taking the development as its primary task and the structural adjustment as it main target. It enhances innovation and creation as its essence. And it adopts “enhancing iron & steel as its main industry, developing non-steel industry and building the modern enterprise system”. It finished with “Masteel speed “main steel business structural adjustment of “the tenth-five year plan” with total investment up to more than RMB 15 billion and realized “Jump-forward development”. At present, Masteel persists 12 million tons of iron, steel, and production capacity. Its total assets are more than RMB 40 billion. It has world advanced production line of hot and cold rolling strip, coating strip, galvanized strip, H-beam, high speed wire, high speed rebar as well as train wire and tyre. It has formed unique product structure of plate, section, wire and wheel. All the main production lines have passed the ISO9002 quality certification. Its products have exported to more than 50 countries and regions. In 2005, Masteel reached 9.65 million tons of steel. The group had annual turnover of 33.6 billion RMB and after tax profit of 2.85 billion RMB.
Recently, totally 25 billion RMB has been invested for the project of “the eleventh five-year plan”, with the high-quality strip production line for its core. It will completely establish and put into production in 2007. Then Masteel will form a scale of 18 million ton turnout. The product structure will be optimized, and the capability of marketing competition, the capacity of science and technology development, and the capability of resisting risk will be strengthened. Then Masteel will walk steadily on the road of building an internationally competitive modern complex.
Busiunion
Busiunion