Major Chinese steelmaker Hebei Iron and Steel Group has announced that its subsidiary Hebei-based Wuyang Iron and Steel Co., Ltd (Wuyang Steel) recently signed a strategic cooperation agreement with Beijing-based Chinese company TSC Offshore. The two parties will collaborate on gear rack products, aiming to enhance their mutual growth and overall competitiveness in China's offshore equipment manufacturing sector.
Within the scope of the agreement, Wuyang Steel is expected to benefit from TSC's cutting capabilities for marine engineering products. TSC, on the other hand, will benefit from Wuyang Steel's R&D capabilities for marine engineering steel of large thickness