Liaoning Province-based Chinese steel producer Benxi Iron and Steel Corporation has lately inked a supply agreement with
Iran-based Saipa Automobile Manufacturing Group, one of the three largest automobile manufacturers in
Iran. According to the contract, Saipa Automobile Group will order 16,000 mt of O5 steel sheets for automotive application per quarter from Benxi Steel. The product in question has just recently passed the authentication tests of the Iranian company.