Baosteel Joins Hands With Shougang, Wuhan Iron & Steel

Shanghai Baosteel Group Corporation signed a letter of intent for strategic cooperation on March 20 with Shougang Group and Wuhan Iron & Steel (Group) Corporation respectively in a bid to speed up technical innovations, improve the product mix, standardize the market and sharpen their competitive edge.

Partnership of the three steel giants, which vow to develop China into a great steel power in the world, marks a good beginning to gear China's steel industry to the international development trends.

Source: Panorama

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