On 23 January, Fujian Sangang Minguang Co., Ltd (Sangang Minguang) signed an agreement with Laiwu Iron & Steel Xinjiang Co.,Ltd under Shandong Iron & Steel Group (Laiwu Iron & Steel Xinjiang Company) on terminating the transfer of iron & steel capacity quota.
Sangang Minguang got Laiwu Iron & Steel Xinjiang Company's iron & steel capacity quota, including 1.22 million tons of iron and 1.35 million tons of steel ,at a total price of RMB 1.814 billion through online aucton on 16 November, 2018.
On 29 December, 2018, Laiwu Iron & Steel Xinjiang Company was required by local authorities to resubmit application based on its' actual capactiy quota as it was found cheating, so it decided to withdraw the quota that was listed for transfer recently. The quota will be quctioned again after the verification process.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
With the sense of responsibility, customer-centered, market-oriented, service-oriented, spot supply as the main body, good reputation, excellent business quality, integrity, conscientious work, perception of society and the spirit of Bianjin, we are committed to creating a win-win, easy and convenient large-scale integrated steel procurement for customers Platform.
The company upholds the enterprise tenet of integrity-based and customer-oriented, constantly strengthens internal management and builds an elite team, and will: all for users throughout the whole process of economic management, for this purpose, to provide customers with high-quality products and excellent services.