en.Wedoany.com Reported - According to the publicly available "Anyang Iron & Steel Group Co., Ltd. Issuer Credit Rating Report", the total steel product capacity of Anyang Iron & Steel Group Co., Ltd. ("Anyang Steel"), a state-owned steel enterprise in Henan Province, China, increased to 13.1296 million tons per year in 2024. This capacity increase was mainly driven by the commissioning of projects such as the wide and heavy plate mill at the Zhoukou base.

In terms of capacity structure, from 2022 to 2024, Anyang Steel's crude steel capacity remained stable at 9.17 million tons per year for three consecutive years. Regarding steel product capacity, plate capacity expanded from 5.42 million tons/year to 8.02 million tons/year, an increase of 2.6 million tons/year. This drove the group's total steel product capacity to increase from 10.5296 million tons/year to 13.1296 million tons/year, a growth of approximately 24.69%. Influenced by China's crude steel capacity control policies, the Henan Steel Group integration strategy, and environmental requirements, crude steel capacity remained stable. In terms of capacity utilization rates, the crude steel capacity utilization rate was 73.53% in 2024, while the steel product capacity utilization rate was 53.24%, showing a pattern of "stable crude steel, expanded steel products, and declining utilization rates".

Anyang Iron & Steel Group is headquartered in Zhengzhou as its management center and operates two main production bases in Anyang and Zhoukou. As of the end of March 2025, the Anyang base possesses ironmaking capacity of 8.32 million tons/year, steelmaking capacity of 8.49 million tons/year, and steel rolling capacity of 8.8696 million tons/year, with products mainly being plates. The Zhoukou base possesses ironmaking capacity of 1.58 million tons/year, steelmaking capacity of 1.75 million tons/year, and steel rolling capacity of 4.26 million tons/year. The Zhoukou base is equipped with a 5500mm+5600mm dual-stand wide and heavy plate mill, with the 5600mm mill being the world's widest wide and heavy plate mill. It completed hot commissioning in October 2024 and is gradually entering production, capable of covering plate widths from 900mm to 5360mm. Its products are mainly used in shipbuilding and offshore engineering, wind power towers, molds, bridge structures, building structures, weather-resistant structures, fire-resistant structures, construction machinery, pipelines, and boiler vessels.

The predecessor of Anyang Iron & Steel Group was the Anyang Iron and Steel Plant established in 1958. It was restructured into a wholly state-owned company in 1995 and is a large state-owned steel enterprise in Henan Province. Its controlling shareholder is Henan Steel Group (holding 100% of shares), and its actual controller is the State-owned Assets Supervision and Administration Commission of Henan Province. The company's main business covers steel smelting, processing, and sales, and also includes machining, mining and mineral processing, medical services, and logistics and transportation. It integrates the entire process including coking, sintering, and smelting. In recent years, Anyang Iron & Steel Group has focused on building an 8.5 million ton high-quality plate, 1.5 million ton high-quality special seamless pipe, and 800,000 ton ductile iron cast pipe production base at its Anyang base, forming a 10 million ton capacity for high-quality special plates and seamless pipes. At the Zhoukou base, it is building a green, intelligent, and high-end Zhougang Industrial City, planning to form a 5 million ton (short-term) and 10 million ton (long-term) production base for automotive steel and electromagnetic new materials.

According to the "Henan Province Implementation Plan for Accelerating High-Quality Development of the Steel Industry (2023-2025)", Henan Province proposed building a "1+3+5" steel industry development pattern, establishing Henan Steel Group based on Anyang Steel Group, with the goal of cultivating one large steel enterprise group with a capacity of 20 million tons and striving to rank among the top ten in China's comprehensive steel enterprise rankings. Henan Steel Group plans to achieve assets exceeding 100 billion yuan and capacity exceeding 20 million tons by 2025, and to build a modern steel group with capacity exceeding 30 million tons by 2030.

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