Yuhua Steel to decrease HR strip production

BEIJING (Asian Metal) 3 Mar 23 - As a major producer of HR strip in Handan, Hebei province, Wu'an Yuhua Iron and Steel Co.Asian Metal Copyright With one HR strip production line of 1,250mm rolling mill and based on the annual production capacity of about five million tonnes, Yuhua Steel produces HR strip with the width of 1,010-1,260mm.Asian Metal Copyright (Yuhua Steel) would cut the production from about 350,000t last month to around 320,000t in March.

"As we received less orders from customers, the planned output of HR strip for this month would decrease by about 30,000t month on month to around 320,000t," revealed a source of the company, adding that they hold zero stock in hand now, unchanged from last month.

With one HR strip production line of 1,250mm rolling mill and based on the annual production capacity of about five million tonnes, Yuhua Steel produces HR strip with the width of 1,010-1,260mm. The company produced about 4.Asian Metal Copyright Yuhua Steel would cut the production from about 350,000t last month to around 320,000t in March.Asian Metal Copyright2 million tonnes of HR strip in 2022 and around 680,000t so far this year.

The mainstream prices of HR strip SPHC 1,010mm*3.0mm*C from Yuhua Steel rose to about RMB4,260/t (USD618/t) D/P in warehouse Handan on Thursday, up by RMB10/t (USD1.45/t) from Wednesday.Asian Metal Copyright2 million tonnes of HR strip in 2022 and around 680,000t so far this year.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go up further in the coming week mainly supported by higher raw material prices.


.Asian Metal Copyright Yuhua Steel would cut the production from about 350,000t last month to around 320,000t in MarchAsian Metal Copyright