On August 7, Mr. Zhang Xiaogang, president of Ansteel Group Corporation and Mr. Yu Zisu, a member of Party Standing Committee and vice president met Mr. Yasuo Matsuura, president of Marubeni-Itochu Steel Inc., Consultant Mr. Ushinokenichiro and their fellows. The two parties recalled the previous friendly cooperation and then made a deep exchange and discussions on further extending and deepening cooperation.

“Ansteel and Marubeni-Itochu Steel Inc. always have had a good cooperation. At present, changes are taking place in macro-economic situation at home and abroad. Different development models were applied to different industries in responding to the changes. Ansteel is also trying to fight against the challenges by transformation. Marubeni-Itochu Steel Inc. has a strong competitiveness in global steel trade. We hope we can make use of the advantages of your company during cooperation to improve the sales amount of our high-added value products in foreign countries and establish some long-term and stable partnerships with the customers. We also hope that we can get together to make discussions and find out the solutions, on the basis of mutual benefits and reciprocity and common development, to further seek for the new cooperation ways and strengthen our cooperation and exchanges.”said Mr. Zhang Xiaogang and Mr.Yu Zisu at the meeting.