Shanxi Jianlong Steel to increase the production of HR strip

BEIJING (Asian Metal) 26 Apr 23 - Shanxi Jianlong Iron and Steel Co.Asian Metal Copyright "Because of increased orders, we would expand the production of HR strip by about 11.Asian Metal Copyright (Shanxi Jianlong Steel), a major HR strip producer in North China, would expand the production by about 15,000t MoM to around 145,000t in April, said a sales official of the company.

"Because of increased orders, we would expand the production of HR strip by about 11.5% month on month to around 145,000t this month," explained the source, adding that they still have zero stock in hand now, unchanged from last month.

Located in Yuncheng, Shanxi province, Shanxi Jianlong Steel produces HR strip with the width of 375-520mm and thickness of 1.2-6.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go down further in the coming week on weak demand and lower raw material prices of steel billet.Asian Metal Copyright0mm.Asian Metal Copyright "Because of increased orders, we would expand the production of HR strip by about 11.Asian Metal Copyright Based on one HR strip production line of 650mm rolling mill and the annual production capacity of about two million tonnes, the company produced around 420,000t of HR strip in Q1 of 2023 and about 1.Asian Metal Copyright0mm.Asian Metal Copyright55 million tonnes last year.

The mainstream prices of HR strip Q195 (232-355)mm*2.5mm*C hovered at about RMB3,770/t (USD545/t) D/P in warehouse Tangshan on Tuesday, down by RMB20/t (USD3/t) from Monday.Asian Metal Copyright55 million tonnes last year.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go down further in the coming week on weak demand and lower raw material prices of steel billet.


.Asian Metal Copyright55 million tonnes last yearAsian Metal Copyright