OREANDA-NEWS. The Tangshan Iron & Steel (Group) Co, a member of the Hebei Iron & Steel Group, signed an agreement with the Siemens VAI Metals Technologies Co, on March 5, covering cooperation in technology and innovation.

The agreement calls for Siemens VAI Metal, a global leader in iron and steel engineering design and equipment, to provide consulting services for Tangshan Iron & Steel to improve energy efficiency in its iron making.

Yu Yong, Tangshan Iron & Steel's president, said that technology innovation and cooperation is inevitable for enterprises in iron and steel, especially in looking for new ways to deal with the intense competition these days. The cooperation here is expected to help Tangshan Iron & Steel develop internationally. It is Hebei’s first company to cooperate technologically with an advanced global enterprise.