China Baowu signs contracts to expand steel ecosystem

China Baowu has signed agreements with 11 Chinese private steel companies to actively build a high quality steel ecosystem.

It was reported that Kunming Iron and Steel Holdings Co., Ltd., one of the top 500 Chinese enterprises and the largest joint steel production in Yunnan province, has reached a consensus on a synergistic steel production regime with Yunnan Muguang and Tonhai Risheng. and decided to cooperate on all aspects.

This allows surplus steel production by Chinese private metallurgical companies to move around the regions. He is also aware of the close collaboration between Kunming Iron and Steel and private steel companies in the province.