| Benxi Steel Group | |
| Type: | State-owned enterprise |
| Industry: | Iron and steel manufacturing |
| Founders: | --> |
| Hq Location City: | Benxi |
| Hq Location Country: | China |
| Parent: | Liaoning SASAC |
| Footnotes: | in a consolidated basis[1] |
| Benxi Steel Group Corp., Ltd. | |
| S: | 本钢集团有限公司 |
| T: | 本鋼集團有限公司 |
| P: | Běngāng jítuán yǒuxiàn gōngsī |
| S2: | 本钢集团 |
| T2: | 本鋼集團 |
| P2: | Běngāng jítuán |
| L2: | Bengang Group |
| Altname3: | Benxi Iron and Steel |
| S3: | 本溪钢铁 |
| T3: | 本溪鋼鐵 |
| Order: | st |
Benxi Steel Group Corp., Ltd. known as Benxi Steel Group (or Bengang in China) is a Chinese holding company based in Benxi, Liaoning Province, for two steel making group.
The company was formed in 2010 as the holding company for Benxi Iron and Steel (Group) Co., Ltd. and Beitai Iron and Steel (Group) Co., Ltd., the latter now known as Benxi Beiying Iron and Steel (Group) Co., Ltd. .
According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 21st in 2015 the world ranking by production volume.[2]
It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Liaoning Provincial People's Government.
In 1905, after the Russo-Japanese War, Liaoning fall under the sphere of influence of Japan. Japanese Okura Kihachiro opened a coal mine in Benxi. After the protest of Qing Government, it became a Sino-Japanese joint venture in 1910 (as). In the next year the company added "Iron" in the denomination (as). After the Mukden Incident, the company was under sole Japanese control until the end of World War II. During Chinese Civil War, in 1948 the company and Liaoning fall under Chinese Communist Party controls.[3] In 1953, the coal mine was separated from the company as Benxi Mining Bureau.[4] (now part of Shenyang Coal Industry) The steel refinery was also modified under the aid of Soviet Union as 1 of of the First Five-year plan of China. It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry).[5]
In 2005 a merger between Benxi Iron and Steel and Anshan Iron & Steel Group Corporation was announced but never materialized. In 2010 a new holding company was formed to takeover "Benxi Iron and Steel" and "Beitai Iron and Steel", located in Beitai, a town in Pingshan District, Benxi. The latter was owned by SASAC of Benxi City, but was transferred to Liaoning SASAC in order to finalize the merger.[6] In August 2021, Bengang began a merger with Ansteel Group which, once completed, will create the third largest metal producer in the world.[7]
Bengang Steel Plates, a subsidiary of Benxi Iron and Steel, is a listed company in Shenzhen Stock Exchange . As at 7 November 2016, Bengang Steel Plates was a constituent of SZSE 1000 Index (top 1000 companies by capitalization) and SZSE 700 Sub-Index (the 301st to 1,000th companies by capitalization), but not a constituent of SZSE Component Index (top 500 companies by capitalization), making the listed company was ranked between the 501st to 1000th by free float adjusted market capitalization.