Private company

Panzhihua Iron and Steel

Chinese state-owned company based in Sichuan

Panzhihua Iron and Steel (Group) Company Limited, or Pangang, is a state-owned enterprise in Panzhihua, Sichuan, China. It is the largest steel maker in Western China. It is also the largest vanadium product manufacturer in China, and the second largest in the world.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1965Founded1
Pangang 2020B
Photo: Zhangzj cet, CC BY-SA 4.0, via Wikimedia Commons4

Panzhihua Iron and Steel (Group) Company Limited, or Pangang, is a state-owned enterprise in Panzhihua, Sichuan, China. It is the largest steel maker in Western China. It is also the largest vanadium product manufacturer in China, and the second largest in the world. It has three subsidiaries listed on the Shenzhen Stock Exchange: Panzhihua New Steel and Vanadium (SZSE: 000629), Changcheng Special Steel (SZSE: 000569) and Chongqing Titanium (SZSE: 000515). 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).2

Corporate structure

Panzhihua Iron and Steel sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Panzhihua Iron and Steel reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Panzhihua Steel was built as part of the Third 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. 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. 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. 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.

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. Today, the city government of Panzhihua promotes it as a model of Chinese technological ingenuity.

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. Its ratio of medical workers to workers exceeded 61 times the average ratio for rural areas.

From Wikipedia’s article on Panzhihua Iron and Steel, shared under CC BY-SA 4.0.3

Products and brands

  • steel
  • titanium
  • vanadium

Listed on Wikidata.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Timeline

  1. 1965Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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