August 30, 2008

Sinosteel XTMMC and Shougang ink strategic pact

It is reported that recently, Sinosteel XTMMC and Shougang Group held a strategic cooperation agreement signing ceremony. Mr Qiankai GM of Shougang and Mr Xue Linghu GM of Sinosteel XTMMC were present at the signing ceremony.

The agreement will have important role in promoting the deeper cooperation between the two sides, enhancing the competitiveness in the market for the two sides.

Sinosteel XTMMC and Shougang Company have many years cooperation and the cooperative scope between the two sides has expanded in recent years.

With the relocation of Shougang, the number of steel enterprises in Hebei province of Shougang is increasing gradually, through the product structure adjustment, the proportion of various types of large scale steel strip in steel products is gradually increasing.

As per reports, Shougang is the tenth steel enterprise that has signed strategic cooperation agreement with Sinosteel XTMMC in China.