It is reported that Wuhan Steel recently signed the purchase contract of scrap with local shipbuilder Wuchang Shipbuilding Industry Company, Steel Home reports.
The later one will directly supply its prime scrap to the leading steelmaker in China via its Shuangliu production base where annual scrap production (low sulphur) is around 15000 tonnes.
The cooperation will not only shorten the supply channel of scrap to Wuhan Steel, but also secure the stable supply of prime scrap resources.
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