August 30, 2008

Shougang Supply and Nantong Jiangdong become strategic partners

It is reported that on May 4th 2008, Shougang Supply Company and Jiangsu Province Nantong Jiangdong Carbon signed strategic cooperation agreement which is about ultra-high-power electrode resources. Shougang LF furnace ultra-high-power electrode needs have stable resources and prices ensure, it is the third strategic cooperative agreement signing with the materials suppliers for Shougang after signing with petroleum China and petrochemical China.

Nantong Jiangdong Carbon Company is China’s important carbon product manufacturing enterprise, mainly produce ultra-high-power electrodes, special graphite products, carbon materials manufacturing, sales and related products in research and development, nearly produces 50,000 tons products every year. It is also the main supplier for Baosteel, Anshan Steel, Hansteel, Hanggang etc.

The signing of this agreement on one hand can stabilize the resources and prices, ensure the normal production of Qiangang, Shouqin, Shougang’s second steel-making plant Lf furnace, on the other hand expressed the in-depth cooperation between the two sides.