Jiangsu Province-based Chinese steelmaker Shagang Group has announced that it has inked a strategic agreement with Acerías de Colombia Group (ACESCO Group) regarding cooperation in supply of cold rolled plate, wire rod and rebar. Accordingly, Shagang Group will supply 100,000 mt of steel to ACESCO Group.
ACESCO Group is the largest steel trader and steel processing company in Central America, with an annual capacity of pre-painted galvanized iron (PPGI) products amounting to 200,000 mt.