Angang 000898, the major shareholder of Angang Group, owns domestic 1/3 iron ore resources. At present, Wang An Group has signed a contract with Angang Group to provide iron ore raw materials at a price lower than the market price 15%. In addition, according to the requirements of national steel structure adjustment, Angang Group is likely to invest its iron ore resources in Angang.
See: /values/000898 for details.