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    Tangshan Steel cuts HRC production

    2023-04-25 08:15:33   [Print]
    BEIJING (Asian Metal) 25 Apr 23 - Acting as one of the leading HRC producers in North China, Hebei Iron and Steel Group Co.Asian Metal Copyright HBIS Tangshan Steel Laoting Plant Tangshan Steel, would produce 450,000t of HRC in April, down from 510,000t in March.Asian Metal Copyright (HBIS) Tangshan Steel Laoting Plant (Tangshan Steel), would produce 450,000t of HRC in April, down from 510,000t in March.

    "Dragged by the sales pressure and losses, we slowed down the operation of the only 2,050mm HRC production line this month, and the output might see the MoM decrease of 60,000t to 450,000t," disclosed a sales official from Tangshan Steel. Meanwhile, he revealed that end users keep requiring for lower prices seeing the quick price drop in the market, but the mill refuses to cut prices burdening with losses.Asian Metal CopyrightBEIJING Asian Metal 25 Apr 23 - Acting as one of the leading HRC producers in North China, Hebei Iron and Steel Group Co.Asian Metal Copyright "We may take facility maintenance in May if prices keep going down," added the source.

    Reporting an annual production capacity of 6 million tons, Tangshan Steel recorded the output of approximately 1.43 million tons in the first quarter of 2023, against 4.Asian Metal Copyright "Dragged by the sales pressure and losses, we slowed down the operation of the only 2,050mm HRC production line this month, and the output might see the MoM decrease of 60,000t to 450,000t," disclosed a sales official from Tangshan Steel.Asian Metal Copyright6 million tons or so in 2022.Asian Metal Copyright Presently, Tangshan Steel does not hold any stock.Asian Metal Copyright Presently, Tangshan Steel does not hold any stock.

    The prevailing price of HRC Q235B 5.5mm*1,500mm*C stands at RMB3,880/t (USD563/t) D/P in warehouse Tangshan, Hebei, down by RMB40/t (USD6/t) compared with last Friday.Asian Metal Copyright5mm*1,500mm*C stands at RMB3,880t USD563t DP in warehouse Tangshan, Hebei, down by RMB40t USD6t compared with last Friday.Asian Metal Copyright Both traders and downstream customers adopt wait-and-see attitudes towards the market prospect discouraged by the downward price trend.

    .Asian Metal Copyright "We may take facility maintenance in May if prices keep going down," added the sourceAsian Metal Copyright
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