Brief History of Development

In Feb. of 1953, Maanshan Iron Mining Plant was established and Masteel recovered its production completely.

On Aug.11, 1958, Maanshan Iron & Steel Company was founded.

On Sept.20, 1958 and on Oct.29, 1959, Chairman Mao inspected Masteel.

On July 29, 1965,the first monolithic train wheel with diameter 840mm was produced in Masteel, which ended the long history of relying on imported train wheel & tyre.

On Nov.5 of 1965, Masteel promoted the civilized operation activity with the content of three cleanness, no leakage in five aspects, one standardized line and Masteel was honored as “a flower of Jiangnan (south part of Yangtze)” in China Metallurgical industry.

In 1986, nine medium-sized blast furnaces were evaluated as the national super-grade blast furnaces at the national metallurgical work convention.

On May 28, 1987, High-Speed Wire Rod Plant was founded and came into production with annual capacity of 0.4 million tons, which was the first high-speed wire and rod mill of world advanced level in China . The rolling speed was 111m/s.

On Jun.12, 1991, premier Li Peng inspected Masteel.

On Nov.11, 1991, General Secretary Jiang Zemin inspected Masteel.

On July 30, 1992, Masteel was ratified as national super-large enterprise.

On Dec.1, 1992, the No.2 Steel Making Plant of Masteel realized complete casting, rated the second place among the ten complete casting workshop constructed during the Eighth Five-Year Plan period.

On Sept.2, 1993, Masteel successfully undertook the shareholding reform as one of first nine standardized pilot enterprises and raised 6.4 billion RMB, which offered abundant fund for its development. Masteel regrouped and divided into Magang Holding Company and Maanshan Iron & Steel Company Ltd.

On April 26, 1994, a 2500 cubic meter blast furnace was built and came into production.

On May 13, 1994, National Foreign Trade and Economic Committee ratified Masteel as a Sino-foreign limited liability company.

On Aug.17, 1994, a new processing line of train wheel and tyre with investment of 0.16 billion RMB came into production.

On June 18, 1997, Masteel’s train wheel and high speed wire rod got the certificate of ISO9002 quality system.

On July 4, 1998, Masteel rolled the first H-Beam in China, and China’s first H-Beam line with annual output of 0.6 million was established in Masteel.

On Sept.20, 1998, Masteel successfully regrouped. Magang Holding Company was changed into Magang (Group) Holding Company Ltd.

On Dec.18, 2001, Masteel hot rolling thin strip line began its construction, which is the key project of structure readjustment to iron & steel main business during the national Tenth Five-Year Plan period. Masteel began to march towards the target of becoming the super-large enterprise group with ten million tons production capacity.

On the August, 2002, Masteel cold rolling thin strip project started.

On March 18, 2003, high speed wire production line in No.2 Steel Making Plant came into production smoothly.

On Oct.16, 2003, No.2 2500 cubic meter blast furnace finished commissioning and came into production. It symbolized Masteel’s annual capacity of pig iron leaped to new stage of 8 million tons.

On Oct.18, 2003, First hot rolled coil was successfully rolled with the hot rolling thin strip production line, which ended the history of no hot rolling coil production in Anhui Province.

On Feb.28, 2004, First cold rolled coil was successfully rolled with the cold rolling thin strip production line. Cold rolling thin strip line was put into production smoothly.

On March 20, 2004, First hot-dip galvanized coil was successfully rolled with the hot-dip galvanizing coil production line. .