SHANGHAI, Nov 7 (SMM) – China’s two state-owned steelmaking giants, Baowu Steel Group and Shougang Group signed strategic cooperation agreement in Shanghai on Wednesday November 6.
The Shanghai-based Baowu is the largest steel producer in China and the second-largest in the world, while the Beijing-based Shougang is the fourth-largest steel company in China.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

