OREANDA-NEWS. June 03, 2014. The president of Samsung C&T China, Shi Zhenan, and his delegation visited WISCO and Zou Jixin, the vice president of WISCO and the president of WISCO Ltd. received them warmly. The two parties had an in-depth exchange on strengthening cooperation, promoting steel product export etc.

Zou Jixin stated that, the steel industry was in the downturn at present; therefore, it was quite important for the two companies to cooperate to cope with the crisis. Samsung had a wide coverage of business and stressed on the collaboration of upstream and downstream industry. Meanwhile, WISCO paid close attention to the link between production and sales, and this was the same with Samsung’s concept. As a leading steel producer in China, WISCO had accumulated rich technologies and experiences during the past 50 years of development. The hit products of WISCO, such as pipeline steel, silicon steel, auto sheet etc. were not only superior in terms of technology and quality, but also competitive in domestic even global market. By strengthening cooperation on steel product export, the performance of both companies would be greatly promoted.

Shi Zhenan pointed out that, Samsung and WISCO had a long history of mutually beneficial cooperation, Samsung gained strong support from WISCO on purchasing hot rolling, cold rolling, galvanized and silicon steel, and it was a rare opportunity for both party to meet. While WISCO was a world-renowned steel producer, Samsung owned a number of overseas branches, and both companies would achieve more by strengthening cooperation.