Baosteel extends supply pact with Commercial Aircraft Corp of China

Baosteel has extended its pact with the Commercial Aircraft Corp of China Ltd (Comac) on the supply of high-end steel products for China’s jumbo jet project.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The two parties signed a framework agreement on September 21, Baosteel said in an announcement on Monday September 24.

With the agreement, Comac will give priority to Baosteel’s steel products when it sources for its jumbo jet project, China’s first. In return, Baosteel will carry on with its research and development of high-end special steel products, including stainless steel, and high temperature-resistant and corrosion-resistant steel.

Baosteel has been supplying steel for Comac since 2009, one year after the latter’s establishment.

Up till now, Baosteel has supplied 15,774 tonnes of steel to Comac, the steelmaker said in the announcement.

“Baosteel holds a 10% stake in Comac,” a source with the steel mill revealed.

Comac functions as China’s main vehicle in the civil aviation industry.

What to read next
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
After an extended consultation period, Fastmarkets has amended the specified brands in its cobalt standard grade and cobalt alloy grade price assessments.
A growing focus by consumers on Scope 3 carbon emissions is putting raw materials, such as bauxite and alumina, in the spotlight
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
Fastmarkets proposes to amend the specification of its Chinese metallurgical coke export price assessment.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed