Puyang Steel to decrease HR strip production

BEIJING (Asian Metal) 18 Apr 23 - Puyang Iron and Steel Co.Asian Metal Copyright In addition, they still have no spot materials in hand now and customers need to place orders in advance with the lead time of about one week.Asian Metal Copyright (Puyang Steel), a major producer of HR strip in Handan, Hebei province, would reduce the output by about 10,000t month on month to around 300,000t in April.

"We would cut the production from about 310,000t in March to around 300,000t this month because of decreased orders," said a source of the company. In addition, they still have no spot materials in hand now and customers need to place orders in advance with the lead time of about one week.

Based on one HR strip production line of 1,250mm rolling mill and the annual production capacity of about five million tonnes, the company produces HR strip with the width of 865-1,260mm. It produced about 2.Asian Metal Copyright Insiders expect Chinese HR strip prices to decrease further in the coming week because of customers' slow purchasing activities.Asian Metal Copyright76 million tonnes of HR strip in 2022 and around 900,000t in Q1 of this year.

The mainstream prices of HR strip Q235 1,010mm*3.5mm*C from Puyang Steel hovered at about RMB4,080/t (USD594/t) D/P in warehouse Handan on Monday, down by RMB30/t (USD4/t) from last Friday.Asian Metal Copyright5mm*C from Puyang Steel hovered at about RMB4,080t USD594t DP in warehouse Handan on Monday, down by RMB30t USD4t from last Friday.Asian Metal Copyright Insiders expect Chinese HR strip prices to decrease further in the coming week because of customers' slow purchasing activities.



.Asian Metal Copyright Puyang Steel, a major producer of HR strip in Handan, Hebei province, would reduce the output by about 10,000t month on month to around 300,000t in AprilAsian Metal Copyright