Shanghai and Baowu Steel ink pact to transform and upgrade Wusong
Shanghai and China Baowu Steel Group Corporation Limited signed a cooperative agreement in the city to enhance comprehensive cooperation and further promote the industrial transformation and upgrading of Wusong area in Baoshan District.
The pact will help develop Wusong into an area of high quality development, economic transformation and upgrading.
Shanghai-headquartered Baowu Group, formed by the merger and reorganization of Baosteel and Wuhan Iron and Steel Company, promises to accelerate the industrial restructuring. It will lead in efforts to save energy, cut emissions and control coal usage to ensure that the target assigned by the government will be achieved.