Iron ore supply agreement

Taiyuan Iron and Steel Group Co. Ltd (TISCO) has signed a strategic partnership agreement with one of China’s largest iron ore traders Sinosteel to supply iron ore for its new stainless steel production line. TISCO’s new stainless steel production line has an annual production capacity of 2 million tons and started operation in October 2006. The final stage of the project is a cold rolling line, which is scheduled to start operating in the first half of this year.
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