Hangxiao Steel announced that the company signed a DEP project procurement contract with Dangote Petroleum Refining and Chemical Free Zone enterprises. The contract amount was 166 million US dollars, accounting for 15.87% of the company's most recent audited revenue. The scope of the contract includes the design, manufacture, supply and related services of core process equipment and key materials for the Dangote petroleum refinery expansion project in Nigeria. The contract period is 30 months.

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