Beijing Shoubao Nuclear Force Equipment & Technology Co Ltd jointly invested by Baosteel Engineering & Technology Group and Shougang Equipment & Technology Company Limited was formally inaugurated. Baosteel Group vice chairman and Party secretary Mr Liu Guosheng and Shougang Group chairman and Party secretary Mr Zhu Jiming attended the ceremony and jointly unveiled the new company.

Mr Jiang Weimin President of Baosteel Engineering & Technology Group, president of Shougang Group Mr Wang Qinghai vice president of Shougang Group Mr Liu Yongyang and Mr Qiang Wei attended the opening ceremony.

Baosteel and Shougang close cooperation on equipment and technology services has a long history. After its establishment, Shoubao will mainly focus on the equipment management needs from its users and create more value for the users through reliance on the first-class professional equipment and technology, strive to be a first-ranking equipment and technology service company with core competitive power within the industry.

Both Mr Jiang Weiming and Mr Liu Yongyang hoped in the speech that Shoubao will take its unique advantages to keep a foothold in Beijing and march to Shunyi Cold Rolling, Shougang Jingtang, Qianan Steel and Shouqing Company, strive to be the model enterprise in overhaul and maintenance of steel rolling equipment in the metallurgical industry, so as to make a greater contribution to improve the overall level of equipment and technology in the iron and steel industry in China.