Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. Ltd
(Nanjing Steel) has announced that it has signed a contract with state-owned China Merchants Heavy Industry for the supply of shipbuilding plate for luxury cruise ship construction. This is the first order received by a Chinese steelmaker for supply of shipbuilding plate for the construction of cruise ships. The construction of luxury cruise ships was previously monopolized by European shipbuilding plants.