Maanshan's economy is dominated by the steel industry, but has been actively diversifying in recent years.
Maanshan Iron & Steel, now part of the China Baowu Steel Group, is the city's economic engine. With an annual steel production capacity of over 20 million tons, it produces a wide range of steel products including railway rails, automotive sheets, and construction steel. The steel industry directly and indirectly employs a significant portion of the city's workforce.
In response to environmental concerns and the need for economic sustainability, Maanshan has invested heavily in industrial transformation. The city is developing advanced manufacturing sectors including intelligent manufacturing equipment, new energy vehicles components, and high-end CNC machinery.
The Yangtze River location provides excellent logistics advantages. Maanshan Port is a significant river port handling bulk cargo, containers, and raw materials for the steel industry. The city is connected to the national highway and railway networks, with high-speed rail service to Nanjing and Shanghai.
Tourism is a growing sector, with Caishiji, the Li Bai Cultural Park, and Baochan Mountain as flagship attractions. The "Poetry on the Yangtze" cultural tourism brand has been developed to promote literary-themed travel experiences.