Jiangsu Province-based Chinese steelmaker Yonggang Group has announced that it has signed an agreement to supply nearly 10,000 mt of rebar to the Shanghai subsidiary of China State Construction Engineering Corp. (CSCEC). Yonggang states that it has become the first steelmaker in China to sign a contract for direct supply of steel to CSCEC.
CSCEC is the largest construction company in China and the third largest in the world. In recent years, it has increased its involvement in overseas projects.