Yuhua Steel to increase the output of HR strip

BEIJING (Asian Metal) 13 Apr 23 - Wu'an Yuhua Iron and Steel Co.Asian Metal Copyright Based on the annual production capacity of about five million tonnes, it recorded an output of about 4.Asian Metal Copyright (Yuhua Steel), a major producer of HR strip in Handan, Hebei province, would raise the output by about 40,000t MoM to around 360,000t this month, said a source of the company.

"We would expand the production of HR strip from about 320,000t last month to around 360,000t in April because of increased orders," said the source. According to him, they have no spot materials in hand for the time being and customers need to place orders in advance.

With one HR strip production line of 1,250mm rolling mill, the company produces HR strip with the width of 1,010-1,260mm. Based on the annual production capacity of about five million tonnes, it recorded an output of about 4.Asian Metal Copyright Based on the annual production capacity of about five million tonnes, it recorded an output of about 4.Asian Metal Copyright2 million tonnes of HR strip last year and produced around one million tonnes in the first quarter of this year.

The mainstream prices of HR strip SPHC 1,010mm*3.0mm*C from Yuhua Steel remained at about RMB4,060/t (USD590/t) D/P in warehouse Handan on Wednesday, stable compared with those on Tuesday.Asian Metal Copyright Based on the annual production capacity of about five million tonnes, it recorded an output of about 4.Asian Metal Copyright Insiders expect Chinese HR strip prices to go down in the coming week on weak demand.

.Asian Metal Copyright Based on the annual production capacity of about five million tonnes, it recorded an output of about 4Asian Metal Copyright