Tata International Metals team signs MoU for 100 kt of HRC to Algeria
March 01, 2019
In January 2019, Ms Joanna Xu, Trading Manager of China Sourcing Team; Mr John Caouki, Director Steel Trading, and Mr Dick Stoppelenburg, General Manager, Europe, Metals Division, travelled to China for the signing of a new Memorandum of Understanding (MoU). The agreement is for the sale of 100 kt of HRC to North Africa, Algeria in particular.
This is the third yearly MoU with this supplier for ENWA. The business with them grew to 80 kt in 2018, and the team is looking to grow it to an even 100 kt.
During the meeting, both parties congratulated each other with the results of the last two years and expressed the ambition to further grow the relationship.