Chinese steelmaker Hebei Iron and Steel Group's subsidiary Hebei Iron and Steel International Trade Co. , which is in charge of the group's sales business, recently signed an export contract with a
New Zealand buyer for about 1,250 mt of
rebar, with a sales value worth RMB 0.6 billion ($0.88 million) more than in the domestic market. This is the second time Chengde Iron and Steel, the producer in question which is a subsidiary of Hebei Iron and Steel Group, will export to the overseas market.