Sangang Minguang signs cooperation agreement with Fujian Yixin Iron and Steel

Monday, 24 December 2018 11:05:15 (GMT+3)   |   Shanghai
       

Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has signed a cooperation agreement with Fujian Province-based Chinese steelmaker Fujian Yixin Iron and Steel Co., Ltd.

Accordingly, both parties will establish a joint venture company, in which Sangang Minguang hold 51 percent equity, while Yixin Iron and Steel will have 49 percent equity. Meanwhile, the new company will have 1.22 million mt of ironmaking capacity and 1.35 million mt of steelmaking capacity annually. 

 


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