Baosteel Special Steel Business Unit has signed a strategic cooperation agreement with Cangzhou, Hebei Province-based Chinese company Hongrun Heavy Industries Group, as announced by Chinese steel giant Baosteel Group.
Accordingly, Baosteel Special Steel Business Unit will use its strengths in R&D technology for special steel and the advantages of the Baosteel Group brand to develop advanced high grade large diameter pipes, combining with Hebei Hongrun Heavy Industries Group's world-class 50,000 mt vertical hot extrusion machine.