Michelin and Baosteel Form Strategic Co-Operation Agreement

Recently, Baosteel Co., Ltd. has signed a strategic cooperation agreement with Michelin--one of the top three tyre companies in the world. Shanghai Michelin Huili Tyre Co., Ltd. is the most important client who purchase meridian wire produced by Baosteel. Baosteel Co., Ltd. will strengthen its cooperation with Michelin Group and improve its technology to smelt meridian wire steel with electric arch furnace to meet the market demand; Depending on the superiority of Michelin's trademark, Baosteel will explore the world market for its meridian wire.

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