on August 14, Jilin Province-based Chinese steelmaker Shougang Tonggang Group has announced that it signed a strategic cooperation agreement with Jilin Provincial Coal Industry Group Co., through which the two sides will jointly face economic risks and challenges as well as seek to grasp market opportunities.
The largest steel producer in Jilin Province, Tonggang Group's products include flat steel, rebar, special steel, section steel and steel pipe. Meanwhile, state-owned Jilin Provincial Coal Industry Group occupies a major share of the coal market in northeastern China.