Governor of Espirito Santo, Brazil Visited Baosteel

Governor Paul Harton of Espirito Santo, Brazil recently visited Baosteel. Chairman Xu Lejiang, President He Wenbo, Vice President Zhao Kun and Dai Zhihao, etc. of Baosteel Group Corporation met the delegation. Baosteel also inked "Letter of intent on shipping terminal project" with VALE, which accompanied the delegation.

After tremendous preparatory work, it has been determined to locate Baosteel Victoria Iron & Steel Co., Ltd. in Espirito Santo, Brazil. The business visit of the delegation led by Governor Paul Harton to Baosteel is for the purpose of in-depth exchange with Baosteel on the construction of Baosteel Victoria Iron & Steel Co., Ltd. and its supporting shipping terminal, etc.

The "Letter of intent on shipping terminal project" specifies that the shipping terminal project, after its construction is completed, will provide raw material loading and unloading and product delivery, etc. service for Baosteel Victoria Iron & Steel Co., Ltd..

During the meeting, Xu Lejiang said that, thanks to the support of Brazilian Government and Espirito Santo Government, Baosteel Victoria Iron & Steel Co., Ltd. is progressing in an orderly way. Baosteel appreciates very much the support given by Espirito Santo to the project of Baosteel Victoria Iron & Steel Co., Ltd. The development of this project will not only bring opportunities to Baosteel, but also contribute to the development of local Brazilian economy.