Chinese steelmaker Baosteel Group has announced that its subsidiary Shanghai-based Chinese steelmaker Meishan Iron and Steel Co. (Meishan Steel) has inked a strategic agreement with Shandong Province-based Shandong Guanzhou Co., Ltd. (Shandong Guanzhou) regarding cooperation in the field of finished steel supply.
Shandong Guanzhou is engaged in the production of composite new materials, including cold rolled sheet, galvanized sheet and pre-painted galvanized iron (PPGI) products, high performance rare earth Na-Fe-B permanent magnetic products, aluminum-zinc silicon sheet, and others.