China Oriental Renews Oriental Sheet Piling Steel Supply Deal with RMB210 Million Cap for 2026

China Oriental Group Co ( (HK:0581) ) has shared an announcement.

China Oriental Group Company Limited has renewed its long-standing sales arrangement with Oriental Sheet Piling, a connected party ultimately controlled by ArcelorMittal, by entering into a Fourth Renewal OSP Framework Agreement for the supply of steel products from 1 January 2026 to 31 December 2026. The new one-year framework sets an annual transaction cap of RMB210 million, derived from historical volumes, anticipated demand, the group’s production capacity, and expected movements in steel and raw material prices; the deal is classified as a continuing connected transaction under Hong Kong listing rules, requiring disclosure and annual review but exempt from circular and shareholder approval. The board, excluding two directors with interests in ArcelorMittal who abstained from voting, considers the agreement to be on normal commercial terms and in the interests of the company and its shareholders, underscoring the strategic importance of Oriental Sheet Piling as a recurring customer and providing some visibility on 2026 sales within the group’s connected-party portfolio.

The most recent analyst rating on (HK:0581) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Oriental Group Co stock, see the HK:0581 Stock Forecast page.

More about China Oriental Group Co

China Oriental Group Company Limited is a Bermuda-incorporated steel producer listed in Hong Kong, engaged in the manufacture and sale of steel products. Its business focuses on supplying various steel products to industrial customers and related parties within its broader corporate group and connected entities.

Average Trading Volume: 2,931,558

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.84B

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