Wuyang Steel, a subsidiary of Hebei Iron and Steel Group has continued to cooperate with Sinopec who is a state-owned Chinese super-large petroleum and petrochemical enterprise group to extend business in steel as a first approved steel supplier to signed further agreement. It's known that Wuyang Steel has been a long term steel plate supplier for usage of containers. It's expected that the continuation of extended cooperation agreement will benefit relationship between both companies for a giant step forward in favor of future business.