Baosteel High-level exchange intends to strengthen bilateral cooperation

Baosteel Group and South Korea's Pudong company recently conducted high-level exchanges in Shanghai, according to the latest news from Baosteel Group.　　Lejiang, chairman of Baosteel Group, said that in the context of the adverse impact of the global financial crisis on the real economy, the two sides should strengthen cooperation in such areas as fuel and technological innovation. According to the briefing, in high-level exchanges, Lejiang said that in the context of the global financial crisis adversely affecting the real economy, the two sides should maintain exchanges at all levels, especially in the original fuel. Baosteel greatly admires the series of initiatives and results achieved in the field of technological innovation, and hopes that both sides will strengthen exchanges and cooperation in the field of technological innovation.　　Baosteel and Pudong are the world's major enterprises engaged in steel production and management, the two sides should be in the existing cooperation on the basis of further strengthening exchanges, so that the market towards a healthier direction. South Korea's new president Zhengjunyang said that the world's steel production and technology research and Development center has gradually shifted to China, Korea, Japan-dominated Asian region, and the current China, South Korea, Japan, the three countries of steel production capacity has accounted for around 50% of the world's steel production capacity. Asian steelmakers should work more closely together to maintain the central position of the region.　　He said Baosteel is the most important partner in China's iron and steel enterprises, and POSCO attaches great importance to the cooperation with Baosteel, and hopes that both sides can further expand exchanges and cooperation, especially in the raw fuel procurement. Xinhua）