Baolida Steel to increase the output of HR strip

BEIJING (Asian Metal) 23 Apr 23 - Tianjin Baolida Iron and Steel Co.Asian Metal CopyrightBEIJING Asian Metal 23 Apr 23 - Tianjin Baolida Iron and Steel Co.Asian Metal Copyright (Baolida Steel), a major producer of HR strip in Tianjin, would raise the output from about 55,000t in March to around 60,000t this month, revealed a source of the company.

"We stopped the production for nine days last month and just produced about 550,000t of HR strip in March. The planned output for this month would reach around 60,000t," said the source.Asian Metal Copyright The planned output for this month would reach around 60,000t," said the source.Asian Metal Copyright According to him, they have an inventory of about 5,000t in hand now, down by around 1,000t MoM.

With one HR strip production line of 650mm rolling mill, Baolida Steel produces HR strip with the width of 183-395mm. Based on the annual production capacity of about 1.Asian Metal Copyright The mainstream prices of HR strip Q235 235mm*2.Asian Metal Copyright2 million tonnes, the company produced around 165,000t of HR strip in Q of 2023 and about 750,000t last year.

The mainstream prices of HR strip Q235 235mm*2.5mm*C from Baolida Steel stood at about RMB4,020/t (USD584/t) D/P in warehouse Tianjin on Friday, down by RMB40/t (USD6/t) from Thursday.Asian Metal Copyright With one HR strip production line of 650mm rolling mill, Baolida Steel produces HR strip with the width of 183-395mm.Asian Metal Copyright Insiders expect Chinese HR strip prices to drop further in the coming week on weak demand from downstream industries.

.Asian Metal Copyright Baolida Steel, a major producer of HR strip in Tianjin, would raise the output from about 55,000t in March to around 60,000t this month, revealed a source of the companyAsian Metal Copyright