U.S. Steel unit to assist manufacturer in China
U.S. Steel Corp.’s UEC Technologies subsidiary agreed to assist China’s Wuhan Iron and Steel Corp. by providing steel-making technology and technical assistance.
The agreement was announced at a news conference Friday and is part of Pittsburgh’s sister-city relationship with the Chinese city of Wuhan. Government officials from both cities joined executives from Wisco and U.S. Steel.
Additionally, NeuralWare, a Pittsburgh-based software company, signed a 10-year agreement to license technology to Wisco.
“We believe these relationships are essential to any company competing today in a global marketplace,” said Pittsburgh Mayor Tom Murphy.
Wisco is a rapidly growing Chinese steel maker. The company, which produced 7.5 million metric tons in China’s 180 million metric ton steel market last year, has plans to increase capacity to 12 million metric tons by 2005.
Some Chinese steel makers have come under fire by the U.S. steel industry in recent years for importing cheap steel into the United States. U.S. steel companies argued that the government-subsidized products are being illegally dumped on the domestic market, prompting the Bush administration to enact tariffs on foreign steel imports last March.
“One of the reasons we’re working with Wuhan is that they haven’t imported a lot of product into this country,” said Don Foster, president of U.S. Steel’s UEC Technologies. “They’re more of a regional player in China.”
Wuhan and Pittsburgh have had a sister-city relationship for 20 years. Wuhan is China’s fourth-largest city, with 8.3 million people.
is a former freelancer.