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Chuangcai Group Chuangcai Group

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Specializing in the research, development, production and sales of galvanized sheets, color-coated sheets, film-coated sheets and metal decorative materials

News & Blog

2026.02.09


South Africa and China Sign Framework Agreement on Trade and Investment

On February 6, South Africa and China signed a Framework Agreement on Trade and Investment in Beijing, aimed at facilitating the tariff-free entry of more South African products into the Chinese market and promoting Chinese investment in South Africa. The agreement, known as the China-Africa Economic Partnership Agreement (CAEPA), was signed by Parks Tau, South Africa’s Minister of Trade, Industry and Competition, and Wang Wentao, China’s Minister of Commerce. According to South Africa’s Ministry of Trade, Industry and Competition, the agreement covers cooperation in trade, investment, multilateral collaboration, and the field of new energy. South Africa pointed out that the CAEPA is designed to deepen bilateral trade relations while establishing relevant safeguard mechanisms to protect South Africa’s domestic industrial capacity. Following the signing of the framework agreement, both sides will continue negotiations and plan to conclude an “Early Harvest Agreement” by the end of March 2026. Chuangcai stated that as China-South Africa relations continue to deepen, South African businesses are now facing new opportunities to enter the Chinese market, with key sectors including mining, agriculture, renewable energy, and the technology industry. He noted that South Africa currently exports a variety of agricultural products to China, including citrus fruits and rooibos tea. According to the arrangements, the Chinese side will organize a procurement delegation to visit South Africa and invite South Africa to participate in the national and enterprise exhibitions at the 9th China International Import Expo, scheduled to be held in Shanghai this November. In addition, South Africa has also been invited to attend a special event highlighting investment opportunities in South Africa’s steel industry. Chuangcai emphasized that China’s investment in Africa and South Africa continues to expand, particularly in the automotive industry. From the South African side, there was an expression of hope to attract even more Chinese investment and further promote the entry of South African products into the Chinese market.

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2026.02.06


China's steel company, Baowu Resources, has acquired a controlling stake in the consortium for the Simandou iron ore project in Guinea.

China’s steel giant Baowu Resources has increased its stake in the Winning Consortium Simandou—the operating consortium for Blocks 1 and 2 in the northern part of the Simandou iron ore project—from 49% to 51%, thereby gaining controlling interest. Following the completion of the transaction, the consortium’s Singapore-registered parent company and its Guinean subsidiary have been renamed Baowu Winning Consortium Simandou (BWCS). In Blocks 3 and 4 in the southern part of Simandou, Chinese state-owned enterprises hold stakes through a joint venture led by Chinalco, with partners including Rio Tinto and the Guinean government. This collaborative structure is known as Simfer. Baowu stated that this transaction further underscores the company’s long-term industrial and strategic commitment to what it calls “one of the world’s most significant integrated mining and infrastructure projects.” The company emphasized that it will continue to enhance the project’s competitiveness, promote local development, and strictly adhere to internationally recognized ESG standards in the future. Once fully operational, the two major mining centers of the Simandou project are expected to export up to 120 million tons of high-grade iron ore annually by sharing railway and Atlantic port infrastructure. Upon full commissioning, Guinea could join Australia and Brazil as one of the world’s leading suppliers of iron ore.

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CHUANG CAI

As strong as steel, as agile as intelligent manufacturing

Welcome to Chuangcai, a trusted choice for global sales

New era, new challenges, new opportunities. The global steel market is waiting for us to make great achievements. With the goal of building a grand brand, we adhere to steady operation and long-term development. At the same time, relying on strong human resources, rigorous management and business philosophy, through the accumulation of our own experience and the unremitting pursuit and improvement of the future, we constantly carry out self-innovation, technological innovation, management and business philosophy innovation, follow the trend of the development of the current international market, adhere to the business philosophy of people-oriented, quality-oriented enterprise, honesty and trustworthiness, and continuous innovation, and build the company into an internationally advanced multinational enterprise.

RoHS

RoHS

CNAS

CNAS

Enterprise Qualification

Enterprise Qualification

Enterprise Qualifications

Enterprise Qualifications

Chuangcai Group Limited

2012 Found In

Chuangcai Group Limited was established in 2012 as an integrated company specializing in design, research and development, production, and sales. The company primarily engages in the import and export of products such as color-coated steel sheets, galvanized steel sheets, and corrugated steel sheets. Since its inception, the company has adhered to the principles of putting people first and prioritizing customer satisfaction, consistently staying at the forefront of the industry. The company primarily exports to over 30 countries and regions worldwide, including South Korea, Southeast Asia, the Middle East, Africa, South America, and Europe.

Why Choose Us

High-quality metal sheet solutions

One-stop supply chain

Improve efficiency

Integrating processing, warehousing, logistics and export packaging, realizing rapid delivery from raw materials to finished products, and completely cutting off the delay pain points caused by the fragmentation of traditional links.

Comprehensive Certification

Quality Controllable

Products have passed international certifications such as SGS/BV/CIQ/ISO9001, ensuring that customers consistently obtain consistent performance in various application scenarios. Chuangcai Group ensures the stability of finished products for export orders and high customer satisfaction through a strict quality control system.