On November 18, Chinese steel giant
Baosteel Group officially opened a new sales branch in the city of Taizhou, Zhejiang Province, called
Baosteel Trading Company Zhenan Branch.
The new branch will be the sales headquarters of
Baosteel in the Yongtaiwen region of Zhejiang Province. The planned annual sales revenue of the branch is around RMB 1.2 billion ($190 million), with its steel sales volume expected to exceed 200,000 mt per year.