Baosteel Group

"China's Baosteel, the world's fifth largest steel-maker, is prepared to cooperate with Iran in the steel industry and exploration sector. A report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said that Baosteel's Deputy CEO Chen Zaigen and some of the company's top managers discussed the issue in a meeting with Chairman of IMIDRO Board of Directors Mahdi Karbasian, imidro.gov.ir reported. In the meeting, Zaigen underlined that extensive cooperation can be established with Iran in view of Baosteel's capacities in the steel, mine, jetty, finance and IT sectors. He pointed to the decision by Iranian and Chinese officials to expand economic cooperation and said, 'Our plants in China conform to high environmental standards which are even more advanced than those of some European and American companies.'" (Iran Daily, "Iran, China's Baosteel to cooperate in steel, exploration sectors," 08/17/2016). -- Chinese steel company Baosteel Group is listed as an attendee at the 2016 2nd Annual Iranian Iron & Steel Conference, taking place September 26-28 in Isfahan, Iran. The event over states: "There is much to discuss with sanctions being removed, new projects and investment opportunities planned across Iran and an in-depth look at the central Asian region steel industry" (2nd Annual Iranian Iron & Steel Conference, 2016). -- "Chinese steel giant Baosteel Group has announced that its subsidiary Baosteel International Business Inc. has received an order from National Iranian Oil Company (NIOC) for 10,000 metric tons of high frequency welded (HFW) line pipes. This is the first time Baosteel will deliver HFW line pipe to this major global oil exporter." (Steel Orbis, "Baosteel receives HFW line pipe order from National Iranian Oil Co.," 6/10/2010).

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According to its 2016 annual report: The Company supplied, for the first time and in bulk, the ultra-high strength coiled tubing CT110 to North America, Iran and other markets, achieving a milestone breakthrough in overseas markets. A scale application of the on-line cold control technology of the international premiere seamless steel pipe has been achieved. (http://tv.baosteel.com/ir/pdf/report/600019_2016_e.pdf)