Magang is a holding subsidiary of China Baowu Steel Group Co., Ltd., with 1 A+H-share listed company and 3 New Third Board listed companies, a supporting production scale of 20 million tons of steel, and 48,000 employees on duty. In 2019, Ma Steel Group produced 19.84 million tons of steel, achieved operating income of 98.6 billion yuan and total profit of 3.65 billion yuan.

Magang's predecessor was Maanshan Iron Factory established in 1953. Maanshan Iron and Steel Company was established in 1958. In 1993, it successfully implemented the joint-stock reform and was divided into Magang Corporation and Maanshan Iron and Steel Co., Ltd. In 1998, Magang Corporation was reorganized into Magang (Group) Holdings Co., Ltd. in accordance with the law. On September 19, 2019, the restructuring implementation agreement between China Baowu and Magang Group was officially signed, and Magang Group became a subsidiary of China Baowu Holdings.

Magang is a group enterprise with diversified and coordinated development, and has built an industrial pattern of coordinated development of steel and industrial chain extension industries and strategic emerging industries. The steel industry has four major steel production bases: Masteel Co., Ltd., Changjiang Steel, Hefei Company and Wadon Company, hot and cold rolled thin plates, color-coated plates, galvanized plates, H-shaped steel, high-speed wires, high-speed bars and wheel wheel hoops In addition to advanced production lines, there are three series of products: long materials, plates and belts, and wheels and shafts, wheels, H-shaped steel, cold heading steel, pipeline steel and other products with independent intellectual property rights and core technologies. Diverse industries have mineral resources, engineering technology, scrap steel resources, chemical energy, trade and logistics, financial investment, energy conservation and environmental protection, information technology, new materials and other sectors.

At present, Magang is in a critical period of accelerating transformation and upgrading and moving towards high-quality development. Faced with the general trend of the development of the steel industry, Ma Steel will, under the strong leadership of China Baowu, resolutely implement the new development concept, take the "three highs and two transformations" as the implementation path, take reform as the driving force, promote development through innovation, and deepen integration and integration. Create a "big and strong Xinma Steel" to help China Baowu become a global steel industry leader and jointly build a high-quality steel ecosystem, and build a beautiful Anhui for the five modern developments, clear water and green water industry and beautiful Yangtze River Economic Belt Make positive contributions.