On September 8, major Chinese listed steelmaker Baoshan Iron & Steel Co., Ltd. (Baosteel), Ouyeel Industrial Products, and Schaeffler (China) Co., Ltd., a global automotive and industrial products supplier, held a signing ceremony for a strategic cooperation agreement, according to Baosteel's official WeChat account Baosteel Express.
Accordingly, extending their existing collaboration, the three parties will strengthen coordination and expand multi-dimensional cooperation in areas such as joint development and application of high-end materials, low-carbon technology innovation and supply chain optimization, aiming to establish a benchmark for deep industrial synergy between high-end steel material manufacturing and precision industrial applications.
