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China Baowu Signed Strategic Agreement with Shougang Group

https://en.steelhome.com [SteelHome] 2019-11-07 10:05:53

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On November 6, 2019, Shougang Group Co., Ltd (hereinafter referred to as “Shougang”) and China Baowu Iron and Steel Group Co., Ltd (hereinafter referred to as “China Baowu”) signed a strategic cooperation agreement at the headquarters of China Baowu Group.

This strategic cooperation marks that under the background of deepening supply-side structural reform, the two major steel groups will jointly promote the high-quality development of the steel industry through powerful combination.

The two sides will be based on the strategic orientation of accelerating the transformation and upgrading of state-owned enterprises and accelerating innovation-driven development. They will carry out in-depth cooperation in the fields of industrial finance, steel and related services, intelligent manufacturing, green manufacturing, new materials research and development, and urban services to jointly promote higher levels and broader areas.

(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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