Valin Steel Cooperates with Huarun

Hunan Valin Iron and Steel Group signed a framework agreement with Huarun Group on November 13 to conduct cooperation in the areas of capital financing, coal and coke resources, power projects and steel supply.

Their initial collaboration can date back to four years ago when Valin bought 55 percent of Xigang Group, a wholly-owned subsidiary of Huarun, and whose products cover seamless pipe and bearing steel.