On September 15, the signing ceremony of strategic cooperative agreement between Sinosteel and Fujian San Gang Group was held in Sanming Hotel, Sanming City, Fujian Province. Tianwen Huang, President of Sinosteel Corporation and Yuanhe Ouyang, board Chairman of Fujian Metallurgical Limited Company and Fujian San Gang Group Limited Liability Company attended the ceremony and delivered speeches. Zhixiong Dong, Vice President of Sinosteel; Wei Caiqing, Vice President of San Gang Group; Zeng Xinfu, Executive Vice General Manager, Wu Aifu, Vice President and Chief Accountant; and related personnel attended the signing ceremony.
San Gang is the largest Iron & Steel complex enterprise in Fujian Province, possessed nearly fifty years history, it had constructed into a whole produce flow enterprise group of accumulatively produced more than 30 million tons of iron ore per year, coking, sinter, iron making, steel making, steel rolling. Presently, mostly produce stick wire, and will put into product 10 million tons of moderato product line per year. Via the western channel construction, it brought history opportunity to San Gang, who have already programming to reach to 50 million tons of steel production scale per year on the year 2010.
Via the signing of strategic agreement, the two sides will further exert their advantages and make new contribution to the sustained and sound development of Chinese steel industry. Sinosteel is qualified to metallurgical raw materials, steel product sales, engineering technical service and equipment manufacture, invite and tender public bidding. As the agent for many speciality service quotient and product quotient. With the support of the strategic agreement, the both sides will formed as strategic cooperation friendship, accelerate in excessive, full, and deep cooperation to make construction and reach new contribute for western channel.After the signing ceremony, President Huang and his delegation review at San Gang pudding mill, steel making mill, moderato mill, stick wire mill, accompany by President Yuanhe Ouyang, then the two parties exchanged views on cooperate issues.