Xinhua reported that Wuhan Iron and Steel Corporation signed a cooperation agreement with China logistics and shipping giant Sinotrans to conduct cooperation in iron ore and steel shipping.

WISCO, the parent company of Wugang is one of China major state owned steel enterprises. Currently, the company is striving to expand business in Central and Southwest China which will need lots of shipping support.

Sinotrans the largest key inland shipping corporation and the third largest shipping company in China, possesses worldwide businesses in both comprehensive logistics and shipping.

Earlier, WISCO started strategic cooperation with China Shipping Company another shipping giant from October 2007 when the then shipping cost was too expensive even to exceed the iron ore price.

(Sourced from Xinhua)