OREANDA-NEWS. November 15, 2011. Baosteel Group Chairman Xu Lejiang meets at Baosteel Tower Japan's Sumitomo Corporation president Mr Motoyuki Oka and his retinue who come to attend the Shanghai Mayor International Business Leaders Advisory Council 23rd meeting. The two sides make in-depth exchanges on further strengthening cooperation and promoting development, which are of common concern, reported the press-centre of Baosteel.  

Sumitomo Corporation is a global enterprise group and has a long-term friendly cooperative relation with Baosteel. The two sides have good operation in triple-joint ventures of steel shear center and car trade company in Nanjing, Changchun and Shanghai. High-level leaders of both sides have always maintained friendly communication over the years.

During the meeting, Xu Lejiang expresses his thanks for Sumitomo's long-term support for Baosteel development, briefly introduces new situation in China's steel industry development, and hope that the two sides can carry out extensive exchanges and actively seek win-win cooperation in resources, environmental protection, steel in-depth processing and logistics. Mr Motoyuki Oka says that in the increasingly competitive market environment, improvement of service level has become the basis for enterprise. "Sumitomo Corporation is willing to join Baosteel, carry out broader exchanges and cooperation on a global level to further consolidate our friendly relations and cooperation."

Baosteel Metal chairman, Jia Yanlin, Baosteel Co.,Ltd assistant general manager and Baosteel International general manager Yao Linlong attend the meeting.