  Logo after the reorganization ofAnsteel Group and Pzhsteel Group | |
 | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Steelmanufacturing |
| Founded | 1965 |
| Headquarters | , |
Area served | People's Republic of China |
Key people | Party secretary: Mr. Xie Junyong 谢俊勇 General manager: Mr. Xu Shishuai 徐世帅[1] |
| Products | Steel,Vanadium,Titanium |
| Subsidiaries | Panzhihua New Steel and Vanadium Changcheng Special Steel Chongqing Titanium |
| Website | Panzhihua Iron and Steel (Group) Limited |
Panzhihua Iron and Steel (Group) Company Limited, orPangang, is thestate-owned enterprise inPanzhihua,Sichuan,China. It is the largeststeel maker inWestern China.[2] It is also the largestvanadium productmanufacturer in China, and the second largest in the world.[3] It has threesubsidiaries listed on theShenzhen Stock Exchange and they arePanzhihua New Steel and Vanadium (SZSE:000629), Changcheng Special Steel (SZSE:000569) and Chongqing Titanium (SZSE:000515).[4] In total, the firm has eight subsidiaries and associates, who are engaged in smelting, processing and distributing iron and steel as well as vanadium products (as of December 31, 2010).[5]
Panzhihua Steel was built as part of theThird Front campaign to develop basic industry and national defense industry in China's interior in order to be prepared for the risk of foreign invasion.[6]: 4, 9 Because planners chose locations based on military defense considerations, Panzhihua Steel was built on the side of a mountain, unlike most steel factories which are built on flat land.[6]: 187 To ensure that the facility had the level foundation necessary for steel production, workers built the factory on massive steps carved out of the slope.[6]: 187 Instead of the internal track system common to steel factories, technicians used a cable system to connect different parts of the facility to better adapt to the local terrain.[6]: 187
Consistent with the Third Front construction's emphasis on secrecy due to national security concerns, the completion of the Panzhihua facility was not promoted at the time.[6]: 187 Today, the city government of Panzhihua promotes it as a model of Chinese technological ingenuity.[6]: 187
Panzhihua Steel built a hospital in 1970, and over the next eight years developed a gynecology ward, an ear, nose, and throat ward, and a pediatric ward.[6]: 190 Its ratio of medical workers to workers exceeded 61 times the average ratio for rural areas.[6]: 190
