Ansteel and Galanz agree to lock in price through first annual contract
2020-03-12 15:45:32 [Print]
To fend off the potential risks such as inventory buildup, cost increase and financial strain caused by the COVID-19 outbreak, Ansteel and Galanz have agreed for the first time to lock in price by signing an annual contract, while the two sides previously negotiated price on a monthly basis
. Based on the annual agreement, Ansteel sees a sharp increase in order volume from Galanz compared with the annual average order volume of the past three years.