Angang Steel Co (0347) Price & Analysis

Established in Anshan, China, in 1997, Angang Steel Company Limited is a major enterprise primarily involved in the manufacturing, processing, and global distribution of steel products. Its extensive catalog includes hot rolled sheets, medium and thick plates, cold rolled sheets, galvanized steel sheets, color coating plates, cold rolled silicon steel, heavy rails, sections, seamless steel pipes, and wire rods. Beyond its core steel operations, the company undertakes ferrous metal smelting, steel pressing, and specialized processing. Angang Steel also diversifies into the sale of various metal and building materials, provides wholesale and retail purchasing services, and is engaged in the development of metallurgical technologies and related equipment. Furthermore, the company handles the import, export, wholesale, and retail of technology products. Its interests extend to the energy sector, encompassing the purification of cooking gas, production of coal products and dissolved acetylene, and the sale of compressed and liquefied gases. The company's steel products are critical components across numerous industries, such as machinery, metallurgy, petroleum, chemicals, coal, electricity, railways, shipbuilding, automotive, construction, home appliances, and aviation. The entity, which exports its goods internationally, formally adopted its current name, Angang Steel Company Limited, in June 2006, having previously been known as Angang New Steel Company Limited.