It is reported that China Export and Import Banks has inked a strategic agreement with Wuhan Iron and Steel Co Ltd offering an incremental credit line of CNY 90 billion for mill’s financing supports in next five years.

Wugang has speeded up their paces on the exploration of overseas projects since the financial crisis broke out in 2008. And now, the steel mill has locked its attention on the development of overseas iron ore resources through equity participation, project cooperation and etc.

(Sourced from www.cscet.com)