C&D Steel and Ma Steel (Group) Holding Co., Ltd. signed a strategic cooperation agreement after an exchange seminar recently. Both parties will collaborate on the development and strategic planning of their overseas business. They will utilize their resource advantages in different parts of the steel industry chain by jointly funding the establishment of overseas investment platform companies. They will also participate in significant overseas steel investment projects through establishment, mergers, and acquisitions. Together, they will strive to promote the materialization of overseas steel industrial projects and increase the global influence of their brands.
Ma Steel Group is a subsidiary of China Baowu Steel Group Corporation, which operates as a holding company. The Group has one A+H share listed company and two companies listed on the New Third Board Market, with a production capacity of 2.3 million tons of steel.