Sino-Japanese partnership in steel equipment sales

Sino-Japanese partnership in steel equipment sales

Chinese Wuhan Iron and Steel Group (Wuhan Steel) and Japanese trading company Sojitz Corporation are merging forces to export steelmaking equipment in Asia and eastern Europe. The strategy calls merging the marketing strength of Sojitz Corporation with the steel equipment engineering capability of Wuhan Steel. The engineering unit of Wuhan Steel mainly manufactures blast furnace equipment. Sojitz will introduce Wuhan Steel's products to its clients in India, Russia and Taiwan. The lower production costs will bring Wuhan Steel an advantage against Japanese steel equipment manufacturers.