According to Anshan Iron and Steel Group, on December 29, the Anshan Iron and Steel Group Lingyuan Steel Group Co., Ltd. was officially established, and Ling Steel has officially joined the Anshan Iron and Steel Group. After Anshan Iron and Steel Group holds Ling Steel, the crude steel production capacity will reach 70 million tons. It is understood that on March 30, 2023, the Liaoning Chaoyang government signed an Equity Transfer Agreement with Anshan Iron and Steel Group for Ling Steel Group; On July 31, 2023, the transfer of 49% equity of Ling Steel Group to the business registration was completed as scheduled; On October 10, 2024, the Chaoyang State-owned Assets Supervision and Administration Commission signed a free equity transfer agreement of 7% for Ling Steel Group with Anshan Iron and Steel Group. On December 12, approval was obtained from the State-owned Assets Supervision and Administration Commission of the State Council, and on December 24, the business change registration was completed.