Shanxi Provincial Government, Baowu Steel Group Commit to Accelerate Steel Industry Upgrade for Win-Win Cooperation

Published: May 22, 2025 13:46

Save

According to the website of the People's Government of Shanxi Province, on May 21, the Shanxi Provincial Government and China Baowu Steel Group Corporation Limited held a working meeting. Both sides introduced their respective situations in terms of economic and social development, as well as the quality improvement and upgrading of the steel industry. They expressed their commitment to fully leverage their respective advantages, accelerate the implementation of cooperation initiatives, focus on promoting the high-end, intelligent, and green development of the steel industry, cultivate and develop new quality productive forces, and achieve win-win cooperation in contributing to the Shanxi chapter of Chinese-style modernization.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

MMi Daily Iron Ore Report (March 24)

Dalian iron ore futures strengthened during the morning session before paring gains in the afternoon. The most-traded I2605 contract settled at 824 RMB per tonne, representing a 0.55% increase from the prior trading day.

2 hours ago

Steel Exports See Modest Gains, High Freight Rates and CIF Prices Dampen Market Acceptance

SMM Flash: Overall, steel export quotations saw relatively small increases today, with most order shipment schedules concentrated in May and June. Recently, as international crude oil prices continued to rise, ocean freight rates increased sharply, and most traders' CIF quotations were too high to secure deals. Meanwhile, according to an SMM survey, taking the Vietnamese market as an example, the CIF prices of supplies from India, Russia, and other sources also rose significantly, and their advantage over local supplies was no longer prominent, resulting in low market acceptance.

2 hours ago

[SMM Hot-Rolled Arrivals] Shipments to South China Market Dropped Significantly WoW

SMM Steel, February 24 – According to SMM statistics, the estimated total shipments to mainstream markets this week reached 302,700 mt, up 50.90% WoW. By market:

2 hours ago