Tiangong International (00826) subsidiary will provide mold steel products to a European customer

Zhitong Finance App News, Tiangong International (00826) announced that Five Star Special Steel Europe S.R.L. (FSSSE), an indirect wholly-owned subsidiary of the company, has signed a purchase agreement with an existing European terminal customer. According to the agreement, FSSSE will provide the customer with mold steel products of different specifications, with a total volume of 5,000 tons and a value of about 80 million yuan.

The board of directors believes that the signing of the agreement is a recognition of the quality and competitiveness of the Group's products in the European market. The conclusion of the agreement will bring a stable source of export revenue to the mold steel division and help ensure the stability of demand for the Group's products in the European market.