Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), a listed subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), has announced that it has inked a strategic agreement with Shanghai-based Shanghai Steel Trading Center Co. Ltd (Shanghai Steel Trading Center) and Jiangsu Province-based company Xinyonghang Technology Jiangsu Co. Ltd (Xinyonghang Technology Jiangsu) regarding cooperation in establishing an e-commerce platform for steel.
Shanghai Steel Trading Center is also known as Ouyeel e-commerce platform, in which Baosteel Group is the main investor. The agreement in question will help Bengang Steel Plates sell its steel products via an e-commerce platform.