Shanghai: Baosteel and Hyundai Heavy Industries recently signed a memorandum of understanding for the purchase of wide and heavy plates.
This move will lend profound significance for the two sides in responding to the market recession and furthering mutual long time cooperation between the companies that have worked together since 2005. Jiang Licheng, Baosteel deputy MD said that the move will strengthen cooperation between the companies in the fields of product distribution and new product development.
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