China Xiangtan Steel and LYC Sign Strategic Cooperation Agreement
On August 18, XIANGTAN IRON & STEEL GROUP CO..LTD.signed a strategic cooperation agreement with LYC Group Co., Ltd. (LYC). LYC's Party Secretary and Chairman Wang Xinying, Deputy General Manager Zheng Hongwei, XIANGTAN IRON & STEEL GROUP CO..LTD.'s Party Secretary, Executive Director, and General Manager Yang Jianhua, and Deputy General Manager Du Jiang attended the ceremony.
This signing is another example of collaboration between Xiangtan Steel and key customers in the bearing industry. The two parties will engage in comprehensive, in-depth cooperation in product development, technological breakthroughs, and product applications.
In recent years, Xiangtan Steel has accelerated its transformation toward high-end wire and bar products, developing over 70 high-end products, including high-standard bearing steel, high-strength spring flat steel, non-quenched and tempered steel, and mechanical steel. Two of these products have achieved domestic first-time applications.
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