On July 23, Chinese state-owned miner Shanxi
Coking Coal Group and domestic steelmaker Taiyuan Iron and Steel Group (
TISCO) signed a long-term strategic cooperation framework agreement at the headquarters of Shanxi
Coking Coal Group, as reported by local Chinese media sources.
Shanxi
Coking Coal Group is
China's largest
coking coal producer, while
TISCO is the country's largest stainless steel producing company. With the long-term strategic cooperation framework agreement, the two enterprises are expected to complement each other's advantages and achieve a win-win situation for both sides.