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Cooperation agreement signed by Hebei Iron & Steel Group and SMS Siemag AG

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Hebei Iron & Steel Group Co. Ltd., China, have signed a strategy agreement for the supply of spare parts and after-sales services with SMS Siemag, a company of the SMS group, Germany. The Hebei Iron & Steel Group was founded on June 30, 2008. It had a total production capacity of 31 million t of steel in 2008 and is thus China's No. 1 and the world's fifth largest steel producer. Based on the excellent and longstanding cooperation between Hebei Iron & Steel Group's subsidiaries and SMS Siemag, the present cooperation agreement is designed to optimize the Group's production reliability in world markets. Project Name Supplies Spare Parts and After-Sales Services Location China Commence 2009 Completion NA Estimated Investment NA Capacity NA Key Players Hebei Iron & Steel Group and SMS Siemag AG

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