Baosteel & Mitsui Corporation agreement

Baosteel & Mitsui Corporation agreement

According to reports from the Chinese press, Baosteel of China and Mitsui Corporation of Japan have reached an agreement to cooperate in obtaining raw materials, iron and steel productions, shipment of goods, transportation, financing and investment as well as information and logistics. The two companies' cooperation agreement aims to act together developing projects for supplying customers worldwide, making use of experience and expertise of each other.