On September 27, the signing ceremony of Sinosteel and Hansteel Group Strategic Cooperation Agreement and for cooperation in iron ore and steel products business was held in Sinosteel headquarters.

As per the Agreement, both parties will further strengthen full cooperation in iron ore, steel, coke, iron alloy, fireproofing, lump-sum contracting and equipment spare parts and finance based on existing business, give play to respective advantages, and realize mutual benefit and win-win result. Meanwhile, they will actively explore the junction in other business scope, and further promote deepening cooperation in more lines of business.