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Anshan Iron & Steel Co., Ltd. signed a mid-to-long-term strategic cooperation agreement with a strategic supplier of ferroalloys

Date:2018-06-26 03:19:27 Visit:1511

Anshan Iron & Steel Co., Ltd. and six strategic suppliers of ferroalloys signed a long-term strategic cooperation agreement. This is an important measure to further deepen cooperation between Anshan Iron and Steel and its sister companies and build a close and mutually beneficial strategic partnership, which will play an important role in expanding procurement space, preventing price fluctuations and circumventing market risks.


    Anshan Iron & Steel Co., Ltd. has used Anshan Iron and Steel's centralized purchasing duties for alloy non-ferrous products. Currently, five production bases and units including Anshan Iron and Steel Co., Ltd., Bayuquan Branch, Chaoyang Iron & Steel, Putian Cold Rolling, and Cast Steel Co., Ltd. have centralized procurement of alloyed non-ferrous products. The main varieties are manganese. Alloys, silicon alloys, special alloys, deoxidation products, non-ferrous metals, etc. The procurement method is mainly based on open tender procurement, and the strategic and key suppliers are the main channels for procurement. Due to the adjustment of the domestic ferroalloy industry, environmental protection pressure, and the rising price of imported ore, the unit cost of non-ferrous alloy products has risen sharply. In particular, nonferrous metals such as copper, nickel, zinc, and aluminum have a large correlation with macroeconomic trends. Market trends With greater uncertainty.


    In order to ensure the supply of non-ferrous alloy products and ensure the continuous and stable production of the Group, Anshan Iron & Steel Co., Ltd. and China Military Materials Group Co., Ltd., CITIC Jinzhou Metal Co., Ltd., Erdos Xijin Mining and Metallurgy Co., Ltd., Shanxi Oriental Resources Development Co., Ltd. Six strategic suppliers of iron alloys, Dalian Gaoyuan International Trade Co., Ltd. and Jiaocheng Yiwang Ferroalloy Co., Ltd., signed a long-term and stable strategic agreement with a strategic intention of mutual benefit, complementary advantages, mutual promotion, and common development. The strategic partnership will deepen cooperation in many aspects such as the number of purchases, purchase prices, payment, technical services, etc., and enhance the ability to jointly resist market risks, achieve mutual benefits and achieve long-term development.
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