| • | Baosteel Slag Short Flow technology used for granulation of converter and electric arc furnace steel mill slag |
| • | Joint marketing and project implementation agreed |
Siemens Metals Technologies and Baosteel Engineering & Technology Group Co. Ltd., a subsidiary of the Baosteel group, will be cooperating in future in the granulation of slag produced in BOF converters and electric arc furnaces. Their collaboration focuses on joint marketing and implementation of the Baosteel Slag Short Flow (BSSF) technology in steel mills worldwide, with the exception of China and Korea. The agreement is exclusive for its agreed term. Siemens already offers solutions for slag granulation from pig iron production in blast furnaces.