A number of procurement agreements are signed between China Baowu Steel Group Corp and its global partners on November 8 during the ongoing 7th China International Import Expo. [Photo provided to chinadaily.com.cn]
A number of procurement agreements were signed between China Baowu Steel Group Corp and its global partners on Friday during the ongoing 7th China International Import Expo.
A total of 10 global corporations have reached deals with the Shanghai-based steelmaker, including the purchase of high-end intelligent equipment specialized in steel manufacturing and resources of high-quality coking coal, manganese ore, chrome ore, ferroniobium, among others.
A number of procurement agreements are signed between China Baowu Steel Group Corp and its global partners on November 8 during the ongoing 7th China International Import Expo. [Photo provided to chinadaily.com.cn]
Fei Peng, deputy general manager of China Baowu Steel Group Corp, said this is the seventh straight year for China Baowu to take part in the expo and reach procurement deals during the event, contributing to the growing influence of the CIIE.
"In addition to fully fulfilling the deals reached in previous CIIEs, we and our partners have signed more business contracts and cooperative agreements on more diversified products this year, which we hope will create greater value in more areas of cooperation," Fei said.
With a vision of becoming the world's largest and most influential steel enterprise, China Baowu produced 130 million tons of steel in 2023, reporting 1.1 trillion yuan ($153 billion) revenue, according Fei.
