Introduction

Benxi Iron and Steel (Group) Co., Ltd., commonly known as Benxi Steel or Bengang Group, is one of China’s oldest and most influential state-owned steel producers. Headquartered in Liaoning Province, northeastern China, Benxi plays a strategic role in supplying steel to both domestic and international industries.

Founded in 1905, Benxi Iron and Steel has grown through industrial reforms, mergers, and modernization efforts to become a key player in China’s steel landscape. With the operation of multiple subsidiaries and a production capacity reaching tens of millions of metric tons annually, Benxi ranks among the top steel manufacturers in the country.

Benxi Steel heavy steel industries in February 2013

This blog explores:

• • Ownership and corporate structure
  • Subsidiaries and specialization
  • Market position vs. other Chinese steelmakers
  • Export activities and global presence

Whether you’re a procurement professional, investor, or industry researcher, this article provides the insight you need into one of China’s most established steel giants!

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Benxi Iron & Steel’s commitment to efficient production and responsible growth makes it a key player in China’s steel sector.

Ownership and Historical Context:

Benxi Iron and Steel (Bengang) is a core subsidiary of the Benxi Steel Group, which itself became part of Ansteel Group Corporation following a state-directed merger approved in 2021. This strategic consolidation was led by China’s State-owned Assets Supervision and Administration Commission (SASAC) to enhance global competitiveness and streamline the domestic steel industry. The merger brought together Ansteel (also known as Angang), one of China’s largest steel producers, and Benxi Steel, one of its oldest, forming the world’s third-largest crude steel producer by volume. While Benxi Iron and Steel continues to operate under its own brand, it is now part of the larger Ansteel corporate structure—benefiting from integrated operations, shared technology, and expanded global market access.

Now part of Ansteel Group, Benxi is scaling up innovation and sustainability across its operations.

Benxi Iron and Steel Group Company Overview

Benxi Iron and Steel (Group) Co., Ltd. is one of China’s oldest state-owned steel enterprises, originally founded in the early 20th century. Rooted in Liaoning Province, the company has evolved through decades of mergers, expansions, and technological upgrades. While steel remains its core business, Benxi has integrated engineering services, equipment manufacturing, and environmental initiatives into its industrial portfolio.

• • Founded: 1905
  • Headquarters: Benxi, Liaoning Province, China
  • Ownership: State-owned enterprise; merged under Ansteel Group (2021)
  • Parent Company: Ansteel Group Corporation
  • Industries: Steel manufacturing, engineering, machinery, mining, energy, construction services
  • Number of Employees: Approx. 40,000
  • Annual Revenue: Estimated over USD $10 billion (latest public data)
  • Subsidiaries: Includes Bengang Steel Plates Co., Beiying Iron and Steel, Metallurgical Slag Co., among others
  • Global Operations: Primarily domestic with some exports to Asia, Middle East, and Africa

According to industry sources including China Metallurgical News, Benxi Steel has steadily modernized its facilities while supporting national goals for steel sector consolidation. Its 2021 merger with Ansteel marked a milestone, creating one of the largest steel-producing entities in the world and strengthening China’s position in the global steel supply chain.

Key Milestones

• • 1905: Benxi Iron and Steel founded during the late Qing Dynasty—one of China’s earliest modern steel enterprises.
  • 1997: Bengang Steel Plates Co., Ltd. listed on the Shenzhen Stock Exchange.
  • 2005: Celebrated its 100th anniversary and modernized production lines.
  • 2010s: Introduced advanced hot-rolled and cold-rolled technologies for automotive and construction-grade steel.
  • 2021: Merged into Ansteel Group, forming the world’s third-largest steelmaker by production capacity.
  • 2022–2024: Focused on green steel development and digital transformation within its production base in Liaoning.

Mission Statement

Benxi Iron and Steel Group is committed to advancing China’s industrial strength by producing high-quality steel products, promoting sustainable development, and supporting the modernization of the nation’s infrastructure. The company prioritizes innovation, efficiency, and environmental responsibility while contributing to the global steel value chain.

Contact Information

• • Website: https://www.bxsteel.com/a/gongsijieshao/ (Chinese only)
    
  • Phone: +86 414 488 5114
    

Where is Benxi Iron and Steel located?

Benxi Iron and Steel Group is located in Benxi City, which is in Liaoning Province, northeastern China. The city is part of China’s traditional industrial heartland and has a long history of coal mining, metallurgy, and heavy manufacturing.

The company’s main production base and headquarters are situated in the Pingshan District of Benxi, where it operates large steel mills, blast furnaces, and rolling lines. Benxi’s location gives it easy access to both raw materials like iron ore and coal and to key transportation routes—railways and highways—that connect it to ports and other industrial cities in northern China.

In addition to its main base in Benxi City, the group also operates steel-related facilities in nearby regions, including:

• • Beitai (Beiying Iron and Steel), a major subsidiary also located within Benxi
  • Logistics hubs that support domestic distribution and limited exports

Benxi’s location is important because it supports the company’s ability to produce and distribute steel efficiently within China and to selected overseas markets. Being part of Liaoning’s heavy industry belt helps the company stay close to suppliers, customers, and transport links—making it a strategic spot for one of the oldest steelmakers in the country.

Benxi Iron & Steel headquarters in Benxi City, Liaoning Province

What industries does Benxi Steel serve?

Construction and Infrastructure

Benxi supplies hot-rolled steel, rebar, and steel plates for large-scale infrastructure projects such as buildings, bridges, tunnels, and highways. Its materials are widely used in both public works and commercial real estate development.

Automotive Industry

Benxi produces cold-rolled and galvanized steel for car manufacturers. These products are used in vehicle body panels, structural components, and chassis due to their strength and corrosion resistance.

Machinery and Equipment Manufacturing

The company’s medium and heavy steel plates are used in the production of industrial machinery, mining equipment, agricultural tools, and mechanical parts.

Shipbuilding and Marine Engineering

Benxi supplies high-strength steel required for ship hulls, decks, and marine infrastructure. Its steel plates meet the durability and size demands of the maritime sector.

Energy and Power Generation

Benxi’s steel is used in the construction of power plants, transmission towers, oil pipelines, and renewable energy projects. Specialized grades are produced for high-pressure and high-temperature environments.

From structural steel to automotive-grade products, Benxi delivers high-quality materials backed by strong state-owned support.

Detailed Product Overview

Benxi Iron and Steel offers a diverse portfolio of products catering to domestic and export markets:

Hot-Rolled Steel Coils:

• • Used in shipbuilding, heavy machinery, and oil pipelines

Cold-Rolled Steel:

• • Applied in automotive body parts, appliances, and precision equipment

Galvanized Steel Sheets:

• • For corrosion-resistant construction and agricultural use

Medium and Heavy Steel Plates:

• • Designed for energy infrastructure, tanks, and bridges

Pickled & Oiled Coils:

• • Pre-treated coils for additional processing

Steel Slag Products:

• • Used in cement, road construction, and land reclamation

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Are you interested in sourcing steel? Here is an extensive list of the top 10 steel manufacturing companies in the world.

Moreover, If you are interested in finding out more about China’s steel prices in 2025 and the reasons why you should source from China visit our blog for more information.

Trusted for infrastructure, machinery, and energy projects, Benxi Iron & Steel continues to adapt and grow.

What are some of Benxi’s Iron and Steel Group subsidiaries?

Bengang Steel Plates Co., Ltd.

• • A public company listed on the Shenzhen Stock Exchange, specializing in steel plate products (77.1% ownership)

Beiying Iron and Steel

• • Formerly Beitai Iron and Steel, this subsidiary operates blast furnace and steel production facilities in Beitai, Pingshan, Benxi (83.66% ownership)

Benxi Iron & Steel Group Metallurgical Slag Co., Ltd.

• • Handles slag processing to produce slag iron and industrial byproducts

Benxi Iron & Steel Group Crane Manufacturing Co., Ltd.

• • Produces industrial lifting equipment for in-site use

Benxi Iron & Steel Group Equipment Engineering Co., Ltd.

• • Focuses on equipment installation, engineering services, and maintenance

Benxi Steel Group Construct Co., Ltd.

• • The construction arm responsible for infrastructure and plant building

Producer of modern steel and global leader, Benxi Iron & Steel Group continues to shape industry standards in China and beyond.

What is Benxi’s annual steel production capacity?

Benxi Iron and Steel Group has an estimated annual steel production capacity of around 20 million metric tons. This includes both crude steel and finished steel products such as hot-rolled coils, cold-rolled sheets, and heavy steel plates.

Before merging with Ansteel Group in 2021, Benxi was already one of China’s top ten steel producers by volume. After the merger, the combined Ansteel–Benxi group reached a total annual production capacity of over 55 million metric tons, making it the third-largest steel producer in the world, just behind China Baowu Group and ArcelorMittal.

Benxi’s capacity and integration into Ansteel’s network make it a major force in both domestic and global steel markets.

What environmental or sustainability efforts is Benxi Iron & Steel making?

Benxi Iron and Steel Group has taken important steps in recent years to reduce its environmental impact and support more sustainable steel production.

• • As part of China’s push toward carbon neutrality, the company is upgrading its production systems to meet stricter national pollution standards. This includes installing advanced dust removal, desulfurization, and wastewater treatment systems across its main facilities.
  • Benxi has introduced energy-saving technologies like waste heat recovery, which helps lower fuel consumption during steel processing.
  • Benxi recycles industrial waste through its subsidiary, Metallurgical Slag Co., Ltd., which converts steel slag into materials for cement and road construction.

These efforts reduce landfill use and support a more circular production model.

JP Steel Plantech Co. signing a contract with Benxi Iron & Steel (Group) Co., Ltd. at headquarters in Liaoning Province, China for units of ecological and economical electric arc furnaces.

How does Benxi compare to other Chinese steelmakers in cost?

Benxi Iron and Steel Group is generally considered a mid-cost steel producer within China’s highly competitive steel industry, benefiting from economies of scale, proximity to raw materials, and state-backed infrastructure.

OECD reports confirm that Chinese steel benefits from various policy supports, giving it a competitive edge globally, with steel prices being set to drop as more people source the product from China.

Benxi steel sheet piles for construction

Cost Advantages:

• • Location: Benxi is based in Liaoning Province, close to major coal and iron ore sources, reducing inbound transportation costs.
  • Vertical Integration: Its ownership of steel processing and byproduct plants (e.g., slag recovery, machinery manufacturing) helps reduce reliance on third parties.
  • Government Support: As a state-owned enterprise, Benxi benefits from policy support, subsidies, and access to financing.

For a comprehensive overview of the top 10 leading steel manufacturers in China, explore our blog: Top 10 Chinese Steel Manufacturing Companies

At CAMAL, we support global clients in navigating China’s industrial landscape, particularly when sourcing from large state-owned enterprises like Benxi Iron and Steel Group. Whether you’re a buyer looking for reliable supply or a business exploring new partnerships contact us now for more information!

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Conclusion

Benxi Iron and Steel Group is a long-standing player in China’s steel industry, known for its deep-rooted history, large production capacity, and broad industrial influence. Over the years, it has expanded its operations, modernized its facilities, and adapted to changes in the global and domestic markets.

This overview has explored the company’s products, production scale, subsidiaries, environmental efforts, and industry presence. As part of the Ansteel Group, Benxi is positioned to benefit from shared resources and a stronger market reach, while continuing to focus on sectors like construction, automotive, heavy machinery, and energy.

Whether you’re a buyer looking for reliable supply or a business exploring new partnerships, understanding Benxi’s operations, capabilities, and strategic direction can help inform better decisions in procurement.

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CAMAL’s Steel Expertise

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