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Handan Steel refuses to contract carbon plate orders

2019-03-08 08:54:04   【Print】
BEIJING (Asian Metal) 8 Mar 19 - Handan Iron and Steel Group Co.Asian Metal Copyright With an annual production capacity of 2.Asian Metal Copyright, Ltd.Asian Metal Copyright With an annual production capacity of 2.Asian Metal Copyright (Handan Steel) refused to contract carbon steel plate orders from early this month, while the proportion for carbon steel plate reached 30%-50% in past three months.

"Supported by sufficient orders for fine steel, we refused to sign carbon steel plate orders from early March," a sales official from Handan Steel disclosed to Asian Metal. "Actually, we are required to control the proportion for carbon steel plate within 10%, but we once hiked it to 50% last December and 30% this January and February when orders for fine steel shrank obviously dragged by significant price drop of RMB600/t (USD89/t) in November 2018," explained the source, adding that as steel plate is the most profitable for the time being, Handan Steel endeavors to guarantee its normal production and slows down that for coil and construction steel facing limited iron melt supply dragged by pollution curbs.Asian Metal Copyright Handan Steel refused to contract carbon steel plate orders from early this month, while the proportion for carbon steel plate reached 30%-50% in past three months.Asian Metal Copyright The daily output of steel plate is about 4,000t for the moment.

With an annual production capacity of 2.9 million tons, Handan Steel produced 1.Asian Metal Copyright Handan Steel refused to contract carbon steel plate orders from early this month, while the proportion for carbon steel plate reached 30%-50% in past three months.Asian Metal Copyright28 million tons of steel plate in 2018, and it recorded an output of 120,000t in February.Asian Metal Copyright5t from Wednesday.Asian Metal Copyright The mill does not build any stock for steel plate right now.

Currently the price of Q235B 14-25mm is RMB3,870/t (USD577/t) in Handan, Hebei province, down by RMB10/t (USD1.5/t) from Wednesday.



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