Taigang Stainless to sign raw materials supply deal with TISCO
2025-12-04 16:34:30 [Print]
On December 3, Shanxi Taigang Stainless Steel Co., Ltd. received board approval to sign a framework agreement with Taiyuan Iron & Steel (Group) Co., Ltd. ("TISCO") for the supply of iron ore concentrate, pellets, and other raw materials. TISCO and its subsidiaries will provide the materials needed for the company's production.
Taigang Stainless expects the transaction value under this agreement to reach roughly RMB9.2 billion (USD1.3 billion) in 2026, accounting for more than 5% of the company's latest audited net assets.
Taigang Stainless expects the transaction value under this agreement to reach roughly RMB9.2 billion (USD1.3 billion) in 2026, accounting for more than 5% of the company's latest audited net assets.
