(23 June 2000) Panzhihua Iron & Steel Group, P.R.China ( Pangang Group ) has signed an export order of 30,000MT steel rail to Yugosalvia. This is the first time that Chinese rail producer has entered the European market. The order for the Yugoslian rail market includes heavy rails of 49kg/m and 60kg/m, all in UIC standard. The technical inspection and supervision of this order is carried by the German steel giant , Krupp Group and certain technical specifications and requirement has been further tightened as per the buyer's request.

Since 1974 , Pangang has been established as a major rail production base in China , and hundreds of millions of RMB has been invested to ensure the constant upgrading of the rail production facilities, realising producing rails per international standard. And has become the leading and most powerful force in the research and development and production of rails in China. And at the same time emerging as the largest Chinese rail production and export base. Since 1983 , Pangang has successfully placed 9 export orders to India,Burma,Hong Kong, with total tonnages exceeding 200,000MT. Pangang vanadium added steel rails has accumulated very high reputation and good track record in the international market. This newly added Yugoslavian order has successfully expanded Pangnag's mapping to the European market.

12,000MT of this new order has been produced, and the technical superintendent from Krupp Group has witnessed the strict quality assurance system of Pangang, and the rails produced with the superior quality level , and further expansion in the European rail market is anticipated.