in china which was founded in 1958 . presently magang s steel production capacity amounts to 18 million ton and its total assets amount to more than rmb 90 billion . magang steel production was 16.68 million ton and its total sale amounted to rmb 92.3 billion in 2011 . among the top 20 steel enterprises in the world magang group ranks no. 19 as per sbb steel business briefing . magang group business mainly involves iron & steel industry mineral resources industry and other diversified industry . its iron & steel business is mainly in maanshan iron & steel co. ltd. masteel which is mainly engaged in ferrous metal smelting and rolling processing and product sale and support services . masteel owns the top production lines in the world for thin strip cold rolling and thin strip hot rolling strip hot galvanizing strip color coating silicon steel h beam high quality wire & rod train wheel etc. a unique product catalog of plate & strip section steel wire & rod and train wheel & tyre has been formed in masteel . magang group mineral resource industy is mainly in iron ore with its business in magang mining corporation which includes nanshan mine gushan mine taochong mine luohe mine and zhangzhuang mine . magang s diversified industry covers finance environment protection logistics trading engineering steel structure equipment manufacturing and erection technology consulting and labor services etc. looking into the future magang will speed up its upgrading in structure and fully increase its competitiveness in market technical exploration ability and risk resistance ability . magang will build itself into a modernized enterprise group with international competitiveness . copyright 2008 2009 magang group holding company ltd . maanshan iron & steel company ltd . address no. 8 jiuhuaxi road maanshan city anhui province p.r. china