On October 16th, ArcelorMittal Group's signing event for Tangshan series was held at the Purple Swan Hotel in Nanhu. Wu Weidong, Secretary of Tangshan Municipal Committee, Brad Davy, Executive Vice President of ArcelorMittal Group, Sanjay Shama, Vice President and CEO of ArcelorMittal Group in China, Li Xuedong, Deputy Chief Economist and Chief Coordinator of International Cooperation at State Power Investment Corporation, Han Jingyuan, Chairman and CEO of China Eastern Group, and municipal leaders Su Tiecheng, Zhang Fulin and Zhang Yuexian attended the meeting.

During the event, the ArcelorMittal New Energy Soft Magnetic Materials Project was successfully signed. ArcelorMittal Group has signed an investment agreement with the Qianxi County Government and a green power cooperation agreement with State Power Investment Corporation Zhejiang Electric Power Co., Ltd. for the project. 

It is learned that new energy soft magnetic materials, with their excellent properties such as high magnetic induction intensity, low iron core loss and good durability, can effectively help motors reduce losses and improve efficiency. The motor of new energy vehicles is one of its important applications. This project will apply advanced digital operation systems, covering all the electricity required for production with green power, and is committed to creating a green and low-carbon demonstration project.