Hebei Province-based Chinese steelmaker Wuyang Iron and Steel Co. (Wuyang Steel), a subsidiary of Hebei Iron and Steel Group Co. (Hebei Steel Group), has announced that it has inked a strategic agreement with state-owned machinery company Xuzhou Construction Machinery Group Co., Ltd (XCMG) regarding cooperation in terms of supply of ultra-high-strength steel.
XCMG, founded in 1989, is a leader in China’s construction machinery industry as well as the fifth-largest construction machinery company in the world.