Tian Tie increases HRC output
2023-03-07 08:26:53 [Print]
BEIJING (Asian Metal) 7 Mar 23 - Tianjin Tian Tie Corporation (Tian Tie), one of the major HRC producers in North China, plans to produce 450,000t of HRC in March, up from 350,000t in February.
"Supported by the increasing raw material supply, we run full of the only 1,750mm HRC production line at the moment, with the daily output of around 16,000t. As a consequence, the output in March might witness the MoM hike of 100,000t to 450,000t," noted a sales official from Tian Tie. In the meantime, the source disclosed that they run the 1,780 square meter blast furnace smoothly after the launch in the middle of February, with the iron melt supply increasing by around 5,000t a day.
Based on an annual production capacity of 6 million tons, Tian Tie roughly produced 3.4 million tons of HRC in 2022, down from 4.5 million tons in 2021. Tian Tie does not hold any stock right now.
The present mainstream price of HRC Q235B 4.75mm*1,500mm*C hovers at RMB4,280/t (USD619/t) D/P in warehouse Tianjin, down by RMB40/t (USD6/t) from last Friday. The market runs slowly as end users bought enough materials late last week when prices rose continuously, but the downstream demand improves gradually.
"Supported by the increasing raw material supply, we run full of the only 1,750mm HRC production line at the moment, with the daily output of around 16,000t. As a consequence, the output in March might witness the MoM hike of 100,000t to 450,000t," noted a sales official from Tian Tie. In the meantime, the source disclosed that they run the 1,780 square meter blast furnace smoothly after the launch in the middle of February, with the iron melt supply increasing by around 5,000t a day.
Based on an annual production capacity of 6 million tons, Tian Tie roughly produced 3.4 million tons of HRC in 2022, down from 4.5 million tons in 2021. Tian Tie does not hold any stock right now.
The present mainstream price of HRC Q235B 4.75mm*1,500mm*C hovers at RMB4,280/t (USD619/t) D/P in warehouse Tianjin, down by RMB40/t (USD6/t) from last Friday. The market runs slowly as end users bought enough materials late last week when prices rose continuously, but the downstream demand improves gradually.
