Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has announced that it has inked a strategic agreement with state-owned heavy machinery Manufacturer China First Heavy Industries (CFHI) regarding cooperation in terms of supply of ultra-high-strength steel.
CFHI, founded in 1954, is a leader in China’s heavy machinery industry. It is one of fifty-three key enterprises vital to national security and the national economy which are under the management of China’s central government. The company was restructured as the China First Heavy Industries in December 2008 and listed on the stock market in February 2010.