GSHI, Baotou sign jv for rods
Chinese General Steel Holdings Inc. (GSHI) and
Baotou Iron and Steel (Group) Company (
Baotou Steel) inked a principal agreement to set up a joint venture in northern
China.
According to the announcement from GSHI, the joint venture will construct a hot rolling facility in the Kun Du district, Baoutou City, Inner
Mongolia to produce alloy rods, round bars, channels and I-
beams.
GSHI is a leading manufacturer of high quality hot-rolled steel sheets primarily for use in tractors, agricultural vehicles and other specialty vehicles with 250'000 tons of annual 0.7-2.0 mm hot rolled carbon steel sheet
production capacity.
Baotou Steel, is one of the first ten largest iron and steel producers in
China.