On December 17, Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that it has signed a supply agreement for 2014 with major Chinese shipbuilder Guangzhou Shipyard International Co. (GSI).
Guangzhou Shipyard International Co. (GSI), which is a subsidiary of
China State
Shipbuilding Corporation (CSSC), is the largest modern integrated
shipbuilding enterprise in southern
China and is among the 500 biggest enterprises in
China. Founded in 1954, GSI's core operations are focused on the construction of handysize ships.