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Baosteel Group, China's second-largest steelmaker by output, said Friday it had signed an agreement with India's Ferro Alloys Corporation (Farco) to secure ferrochrome supply to support stainless steel production.
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Baosteel did not reveal the contract volume in the statement on its website.
The two companies also discussed cooperation in the supply of coking coal, a key steelmaking ingredient and developing resources overseas.
Ferrochrome is an alloy mainly used to produce stainless steel.
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