On March 13, Beijing-based Chinese steel producer Shougang Group announced that it has signed a memorandum of understanding (MoU) with Shanxi Province-based Shanxi Coking Coal Group Co.
The two companies have been cooperating with each other since 2001 when Shanxi Coking Coal Group was first established. With the MoU, in addition to coking coal supplies, the two sides plans to cooperate in relation to trading and developing overseas markets.