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09 Jul
01:00

Shagang, Bekaert sign supplier pact

China’s Shagang singed a supplier framework agreement with global steel wire firm Bekaert last week, the steelmaker says. The company is now Bekaert’s largest supplier after seeing sales to the company surge despite the weak market, Kallanish notes. Shagang says its wire rod sales volumes to Bekaert this year have tripled from 2014 levels to around 40,000 tonnes/month. The two companies first began cooperation in 2002 and Bekaert has been involve…
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