Bengang Steel to reduce CRC output

BEIJING (Asian Metal) 24 Apr 23 - As a major CRC producer in Northeast China, Liaoning Benxi Iron and Steel Group Co.Asian Metal Copyright Bengang Steel estimated the output would reach nearly 180,000t in April, down from 260,000t in March.Asian Metal Copyright (Bengang Steel) estimated the output would reach nearly 180,000t in April, down from 260,000t in March.

"We began to upgrade No.1 CRC production from early April and conducted 10-day facility maintenance on No.Asian Metal Copyright5 million tons.Asian Metal Copyright3 CRC production line from the middle of April, so the output is estimated to reduce by around 30.Asian Metal Copyright .Asian Metal Copyright8% MoM to 180,000t this month," reported a source from Bengang Steel, adding that their upgrade on No.Asian Metal Copyright .Asian Metal Copyright1 CRC production line would continue for six months.

Bengang Steel has three CRC production lines with an annual production capacity of 3.5 million tons.Asian Metal Copyright It produced about 2.Asian Metal Copyright It produced about 2.Asian Metal Copyright "We began to upgrade No.Asian Metal Copyright95 million tons of CRC in 2022 and almost 900,000t of the material so far this year.Asian Metal Copyright3 CRC production line from the middle of April, so the output is estimated to reduce by around 30.Asian Metal Copyright It has no stock for the time being.

In Shanghai, the price of CRC DC01 1.0mm*1,250mm*C from Bengang Steel stood at around RMB4,600/t (USD667/t) last Sunday, down by RMB30/t (USD4/t) from last Friday.Asian Metal Copyright95 million tons of CRC in 2022 and almost 900,000t of the material so far this year.Asian Metal Copyright Upon falling prices of raw materials and weak demand from downstream industries, CRC prices might edge down further in coming two days.

.Asian Metal Copyright8% MoM to 180,000t this month," reported a source from Bengang Steel, adding that their upgrade on NoAsian Metal Copyright