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Benxi Steel Group

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Benxi Steel Group
Company typeState-owned enterprise
IndustryIron and steel manufacturing
Founded
  • 1905 (Benxi Coal Mine)
  • 1996 (Benxi Iron and Steel Ltd.)
  • 2010 (Benxi Steel)
Headquarters
Benxi
,
China
Owner
  • Liaoning SASAC (80%)
  • Liaoning Social Security Fund (20%)
ParentLiaoning SASAC
Subsidiaries
  • Benxi Iron and Steel (100%)
  • Bengang Steel Plates (77.10%)
  • Beiying Iron and Steel (83.66%)
Websitewww.bxsteel.com Edit this at Wikidata
Footnotes / references
in a consolidated basis[1]
Benxi Steel Group Corp., Ltd.
Simplified Chinese本ほん钢集团有限げん公司こうし
Traditional Chinese本ほん鋼こう集團しゅうだん有限ゆうげん公司こうし
Transcriptions
Standard Mandarin
Hanyu PinyinBěngāng jítuán yǒuxiàn gōngsī
Alternative Chinese name
Simplified Chinese本ほん钢集团
Traditional Chinese本ほん鋼こう集團しゅうだん
Literal meaningBengang Group
Transcriptions
Standard Mandarin
Hanyu PinyinBěngāng jítuán
Benxi Iron and Steel
Simplified Chinese本もと溪けい钢铁
Traditional Chinese本もと溪けい鋼鐵こうてつ
Transcriptions

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. (Chinese: 本もと溪けい钢铁(集あつまり团)有限ゆうげん责任公司こうし) and Beitai Iron and Steel (Group) Co., Ltd. (Chinese: 北きた台だい钢铁(集あつまり团)有限ゆうげん责任公司こうし), the latter now known as Benxi Beiying Iron and Steel (Group) Co., Ltd. (Chinese: 本もと溪けい北きた营钢铁(集あつまり团)股また份有限げん公司こうし).

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.

History

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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 Chinese: 本もと溪けい湖みずうみ商しょう辦煤礦業有限ゆうげん公司こうし; lit. 'Benxi Lake Commercial Coal Mining Company Limited'). In the next year the company added "Iron" in the denomination (as Chinese: 本もと溪けい湖みずうみ煤すす鐵てつ有限ゆうげん公司こうし; lit. 'Benxi Lake Coal and Iron Company Limited'). 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 156 important construction projects [zh] 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]

Subsidiaries

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Bengang Steel Plates, a subsidiary of Benxi Iron and Steel, is a listed company in Shenzhen Stock Exchange (SZSE: 000761). 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.[citation needed]

References

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  1. ^ "2016年ねん第だい一期本钢集团有限公司公司债券发行文件". Benxi Steel (in Chinese). chinabond.com.cn. 22 April 2016. Retrieved 30 September 2016.
  2. ^ "World Steel Association - Top steel-producing companies". Archived from the original on 2016-07-19. Retrieved 2016-07-26.
  3. ^ "WZ01". www.bxsteel.com. Archived from the original on 22 May 2011. Retrieved 12 January 2022.
  4. ^ "WZ041". www.bxsteel.com. Archived from the original on 22 May 2011. Retrieved 12 January 2022.
  5. ^ "关于深化しんか大型おおがた企くわだて业集团试点てん工作こうさく_范坤_新しん浪なみ博はく客きゃく".
  6. ^ "2014 Annual Report". Benxi Beiying Iron and Steel (Group) Co., Ltd. (in Chinese). Shanghai Clearing House. 29 April 2015.
  7. ^ "China steel firms start merger to create world's third biggest producer," Reuters, 20 August 2021, retrieved 8 September 2021
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