Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced that it has signed a strategic cooperation agreement with CRRC Corporation Limited (CRRC), the world's largest supplier of rail transit equipment.
Baogang already cooperates with CRRC in railway materials, while both parties stated that they will expand their cooperation to areas including rare earth permanent magnet materials, mining equipment, new materials and e-commerce platform.