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Transformative story of China's SOE: High-speed train wheels honored as a 'Famous Brand of China'

514 views · Published 19 December 2018 · 4:58 · Indexed 10 November 2026

Channel: CGTN · 2018 · News & Politics

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As one of China's largest steelmakers, the Ma'anshan Iron & Steel Co Ltd (Masteel), a state-owned enterprise headquartered in Ma’anshan city, Anhui Province, was China’s first company to produce train wheels. However, Masteel hit rock bottom in 2015 due to the slump in steel prices and suffered its greatest loss in history. Pushed to the edge, the firm started to understand the significance of the country’s supply-side structural reform. Masteel now has the largest train wheel production line in the world and has exported train wheels to over 70 countries and regions. 

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