CRM and Ansteel reach strategic cooperation agreement
2018-07-06 17:14:20 [Print]
On July 4, China Railway Materials Company Limited (CRM) and Ansteel Group Corporation (Ansteel) signed a strategic cooperation agreement in Anshan.
According to the agreement, the two sides will establish a normalized high-level mutual visit mechanism, departmental liaison mechanism, and reciprocal treatment mechanism based on the principles of equality, mutual benefit, resource sharing, and common development. The focus will be on deepening cooperation in steel product sales, logistics processing and distribution, mineral resources development and sales, finance, engineering and construction, and international market synergy to achieve complementary advantages and mutual benefit.
In 2010, approved by the State Council and State-owned Assets Supervision and Administration Commission of the State Council, Anshan Iron and Steel Group Co., Ltd . and Pangang Group Co . , Ltd . jointly reorganized and established Ansteel Group Corporation which was reorganized into Ansteel Group Co . , Ltd . with a comprehensive annual capacity of steel of 39 million tons and iron ore concentrate of 40 million tons, and a comprehensive physical production capacity of 79 million tons.
According to the agreement, the two sides will establish a normalized high-level mutual visit mechanism, departmental liaison mechanism, and reciprocal treatment mechanism based on the principles of equality, mutual benefit, resource sharing, and common development. The focus will be on deepening cooperation in steel product sales, logistics processing and distribution, mineral resources development and sales, finance, engineering and construction, and international market synergy to achieve complementary advantages and mutual benefit.
In 2010, approved by the State Council and State-owned Assets Supervision and Administration Commission of the State Council, Anshan Iron and Steel Group Co., Ltd . and Pangang Group Co . , Ltd . jointly reorganized and established Ansteel Group Corporation which was reorganized into Ansteel Group Co . , Ltd . with a comprehensive annual capacity of steel of 39 million tons and iron ore concentrate of 40 million tons, and a comprehensive physical production capacity of 79 million tons.