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Founded Year

1998

Stage

IPO | IPO

Date of IPO

7/24/1997

Market Cap

3.15B

Stock Price

0.36

About Angang Steel

Angang Steel is a company that focuses on mining and metals, operating within the steel industry. The company's main offerings include the production of various steel products such as hot-rolled and cold-rolled products, silicon steel, thick plates, large-scale products, wire products, and seamless steel pipe products. These products are primarily sold to sectors such as the automotive industry, home appliances, construction, railway vehicles, and other manufacturing industries. It was founded in 1998 and is based in Anshan, Liaoning.

Headquarters Location

Anshan Iron and Steel Factory, Tiexi District

Anshan, Liaoning, 114021,

China

+8600412-8417273

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Angang Steel Patents

Angang Steel has filed 1 patent.

The 3 most popular patent topics include:

  • industrial gases
  • oil tankers
  • steels
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/25/2021

Welding, Oil tankers, Structural steel, Steels, Industrial gases

Application

Application Date

11/25/2021

Grant Date

Title

Related Topics

Welding, Oil tankers, Structural steel, Steels, Industrial gases

Status

Application

Latest Angang Steel News

Global Steel Products Market Driven by Urbanization and Infrastructure Growth

Nov 28, 2023

News Provided By Share This Article Steel Products Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032 The Business Research Company’s Steel Products Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032 The market size of steel products is expected to grow to $608.35 billion in 2027 at a CAGR of 6.9%.” — The Business Research Company LONDON, GREATER LONDON, UK, November 28, 2023 / EINPresswire.com / -- The global steel products market experienced robust growth, surging from $433.83 billion in 2022 to $465.35 billion in 2023, registering a significant Compound Annual Growth Rate (CAGR) of 7.3%. The market is poised for continued expansion, with a projected size of $608.35 billion by 2027, driven by a CAGR of 6.9%. Urbanization Spurs Demand for Steel Products The escalating demand for steel products is primarily propelled by the rapid growth of urban populations worldwide. A considerable number of individuals are migrating from rural to urban areas in pursuit of improved living conditions. This trend is expected to drive the need for housing and infrastructure, particularly in Asian countries such as China, India, Vietnam, and the Philippines. The United Nations' World Urbanization Prospects Report indicates that 55% of the global population resided in urban areas, with expectations of reaching 68% by 2050. The World Bank further predicts that the urban population in South Asia will witness substantial growth, increasing from 130 million to 250 million by 2030. For a deeper understanding and strategic insights, refer to our comprehensive sample report: Key Players Shaping the Industry Major companies influencing the steel products market include Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A, Nippon Steel & Sumitomo Metal Corporation, Kobe Steel Ltd., Vallourec SA, Voestalpine AG, and Mechel PAO. R&D Investments Drive Innovation in Metal Manufacturing In response to evolving steel products market demands, metal manufacturing companies are increasing their Research and Development (R&D) expenditure to introduce new product lines. This includes the launch of advanced products like ultra-light alloys, representing a shift from traditional commodities. Notably, the Ministry of Science and Technology's 2019-20 R&D report highlights a national investment of Rs. 1,23,847.71 crore in R&D activities, underlining the industry's commitment to innovation through increased spending. Regional Dynamics and Market Segmentation In 2022, the Asia-Pacific region dominated the steel products market, with Western Europe securing the second-largest share. The regions covered in the global steel products industry report comprise Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Market Segmentation: Types, Product Types, and Applications The global steel products market is segmented - 1) By Type: Rolled and Drawn Steel, Iron and Steel Pipe and Tube 2) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes 3) By Application: Construction, Automotive, Energy, Packaging, Other Applications Subsegments Covered: Rolled Steel, Drawn Steel For comprehensive insights into market dynamics and future trends, please refer to the complete report: •Market size date for the forecast period: Historical and Future •Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa. •Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Trends, opportunities, strategies and so much more. The Steel Products Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on steel products market size , steel products market drivers and trends, steel products market major players, steel products market competitors' revenues, steel products market positioning, and steel products market growth across geographies. The steel products market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the steel products market report and tap into segments with the highest growth potential. Steel Fiber Global Market Report 2023

Angang Steel Frequently Asked Questions (FAQ)

  • When was Angang Steel founded?

    Angang Steel was founded in 1998.

  • Where is Angang Steel's headquarters?

    Angang Steel's headquarters is located at Anshan Iron and Steel Factory, Tiexi District, Anshan.

  • What is Angang Steel's latest funding round?

    Angang Steel's latest funding round is IPO.

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