Ansteel Group Corporation was established after the consolidation and reorganization of Anshan Iron and Steel Group Corporation, and PanGang Group Company in May 2010. It has 40 million tonnes of crude steel capacity, boasts a complete series of high-tech and high value-added steel products covering carbon steel and special steel, exporting to more than 30 countries and regions. It controls 30 billion tonnes of iron ore resources, 52% of Chinese vanadium reserves and 95% of Chinese titanium reserves.