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Maersk, Baosteel to countersign strategic steel procurement agreement
Maersk, Baosteel to countersign strategic steel procurement agreement
Published: 16 Apr 2009 01:42:29 PST
Apr.16 MetalBiz--Danish shipping giant A.P. Moller-Maersk and Baosteel, China's largest steel maker, have just signed a strategic steel procurement agreement for a three-year term.
Baosteel will supply steel products for Maersk for the items including containers, ships and petroleum systems, according to the agreement.
The two parties hope to strengthen strategic partnership in the future by the above procurement agreement.
Maersk and Baosteel have been cooperated for over a decade. The two sides meanwhile reached consensus to further discuss other potential points of cooperation in the following several months.
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