Sinosteel Metallurgical Equipment Corporation--a subsidiary of Sinosteel, won the bid and has signed the contract of the 2-million pellet project of Handan Steel.With advanced technology and satisfactory performance, Sinosteel Metallurgical Equipment Corporation--a subsidiary of Sinosteel, won the contract of the 2-million pellet project of Handan Steel in the severe competition participated by many famous companies. This project reaches RMB 265 million. On August 20, 2004, Metallurgical Equipment Corporation and Handan Steel jointly held the signing ceremony of the contract of the engineering project in Handan. Mr Wang Zhenwu, vice president of Sinosteel and Mr Wang Yifang, general manager of Handan Steel attended the signing ceremony and delivered public speeches.

