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Shagang and Bekaert signed the strategic cooperative agreement 2016
Shagang was the unique metallurgical enterprise ranked in top 10,

December 8, the strategic agreement signing ceremony of Shagang supply Bekaert wire rod globally in 2016 was held in Shagang Hotel, Mr. Gong Sheng (Executive Director of Director of Board and President, Shagang Group) and Mr. Tong Huochi (Chief Procurement Office of Bekaert) signed on behalf of both parties. Vice General Manager of Shagang Group Co., Ltd, Mr. Zhou Shanliang, Mr. Shi Yixin and Chief Engineer Mr. Zhang Xiaobing accompanied also.

Before the ceremony, they exchanged views on diverse fields of social responsibility and sustainable development.

Mr. Gong Sheng said, this year is the 40th anniversary of Shagang, we have implemented and promoted the strategy of sustainable development to deal with the sharper competition, making a large investment in the environmental protection reformation projects to fulfill the responsibility of staff and society, also active in philanthropy for giving society reciprocation. Shagang's future develop target is to forge "Immortal Business", we have the confidence and determination to achieve this target. On the other hand Mr. Gong admired that as a century-old enterprise; Bekaert is unique about the sustainable development in line with the original social responsibility evaluation on the supplier; we hope Bekaert can give Shagang suggestions and comments of improvement by through the evaluation, so that promote better cooperation and sustainable development of our two parties.

Mr. Tong Huochi expressed his appreciation on Shagang's concentration and cooperation on the evaluation. He said, what made him impressed was Shagang staff's thriving and aggressive character, clean working environment during the evaluation process, he also learned about the activities that Shagang made on social responsibility and sustainable development in line with the Bekaert's developing purpose, while also some deficiencies were founded. Regarding to those deficiencies, he said Bekaert would give sincere suggestions and comments to assist Shagang go forward, please two sides should give play to their advantages and expertise for the closer cooperation and mutual benefits.

Bekaert Group is the largest steel wire and steel wire product manufacture in worldwide, since it established the cooperative relationship with Shagang in 2002, 1.22 million tons prime steel wire rod has been supplied, in the past 11 months, 408,000 tons has been delivered and nearly 440,000 tons would be concluded this year. In 2016, the delivery would be more according to the agreement, 15% increase is estimated.