Recently, Shanghai C&D Materials Co., Ltd. ("Shanghai C&D Materials"), a subsidiary of C&D Steel & Iron Group, and Shandong Molong Petroleum Machinery Co., Ltd. ("Shandong Molong") held a strategic cooperation signing ceremony in Shouguang, Shandong Province, marking a further deepening of their collaboration. Attendees included municipal leaders Zhao Tianbao, Zhang Dongguang, and Liu Baosheng from Shouguang City, along with Xu Chaobin, General Manager of Shanghai C&D Materials. 

As a core business unit under C&D Steel & Iron Group, Shanghai C&D Materials has long been committed to steel supply chain operations. Over the years, the company has provided integrated steel supply chain solutions encompassing procurement, warehousing, processing, distribution, financial settlement, and e-commerce services for clients across the industrial chain. Leveraging financial instruments such as futures and options to empower industrial clients, it has accumulated extensive experience in steel supply chain operations for high-end manufacturing, new energy industries, shipbuilding, and engineering construction sectors.

Shandong Molong, a dual-listed company on both the A-share and H-share markets, specializes in the design, manufacturing, sales, and export of petroleum machinery. Its product portfolio includes oil drilling equipment, oil-gas transmission systems, and extraction machinery, widely applied in energy exploration, mechanical processing, and urban pipeline networks. As a key supplier to China's four major petroleum conglomerates, the company maintains rich industry experience and an excellent reputation.

Prior to the signing ceremony, Zhao Tianbao, Deputy Party Secretary and Mayor of Shouguang City, met with Xu Chaobin and his delegation from Shanghai C&D Materials, conducting in-depth discussions on strengthening future cooperation.

Moving forward, the two companies will deepen collaboration in market resource integration, emerging market development, business environment optimization, industrial chain enhancement, and trade capacity upgrading, jointly promoting high-quality development of their respective businesses.