Metal Products News
- Baosteel, Baotou in strategic cooperation
Date: 26-Jul-2007 Sources: (Shenzhen Daily)
THE country's top steelmaker Baosteel Group and smaller rival Baotou Iron and Steel Group have signed a strategic cooperation deal to accelerate Baosteel's expansion and consolidate China's steel sector.
'Baosteel will fulfil its promise to upgrade Baotou Steel's existing 10 million tons of capacity,'the two companies said in a statement Tuesday. 'The deal will also pave the way for both sides to deepen and widen their cooperation in future.'
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