May 17, 2008

Minmetals to provide Baosteel with 36,000 tonnes of FeCr

China Minmetals Group announced on March 14th 2008 that the company had officially signed long term contract with Baosteel, concerning that Minmetals will supply 36,000 tonnes of ferrochrome every year to Baosteel with 3 years to 5 years.

Analysts said the contract achieved the efficient combination between the supply capacity of Minmetals and Baosteel’s demand for resources, pioneering a new way of the cooperation between central enterprises.