Ma Steel is a holding subsidiary of China Baowu Iron and Steel Group Co., Ltd., with a supporting production scale of 20 million tons of steel and 48000 employees on duty. In 2019, Ma Steel Group produced 19.4 million tons of steel,
The predecessor of Masteel was the Ma'anshan Iron and Steel Works, established in 1953; In 1958, Ma'anshan Iron and Steel Company was established;
On September 19, 2019, China Baowu and Masteel Group restructured, and Masteel Group became a subsidiary controlled by China Baowu. Over the course of over 60 years of arduous entrepreneurship, self accumulation, and rolling development, Ma Steel has created multiple firsts in China's steel industry: China's first wheel and tire factory, the first high-speed wire rolling mill, the "China Steel First Stock" (A+H share listed company), and the first large H-beam production line were successively born here.
Ma Steel is a conglomerate with diversified and coordinated development, constructing an industrial pattern of steel and industrial chain extension industries, as well as strategic emerging industries. The steel industry has four major steel production bases, namely the headquarters of Ma Steel Co., Ltd., Changjiang Steel, Hefei Company, and Wharton Company. It has advanced production lines for cold and hot rolled thin plates, color coated plates, galvanized plates, H-beams, high-speed wire rods, high-speed bars, and wheel rims. It also has three series of products, namely long rods, plates, and axles. Products such as wheels, H-beams, cold heading steel, and pipeline steel have independent intellectual property rights and core technologies, The wheels and H-beam products have been awarded the title of "Chinese Famous Brand", and the joint-stock company has won the "National Quality Award".