Voestalpine and Qingdaosteel sign an agreement

Voestalpine and Qingdaosteel sign an agreement

According to recent news in the market, Austrian steel producer Vostalpine AG signed an agreement with Chinese producer Qingdaosteel to supply technological support to the Chinese firm. With this agreement, Chinese company aims to expand its product mix and produce value added products rather than ordinary steel and to increase its annual production capacity to 4 million tons.