Xinjin Steel to increase the production of HR strip
2023-03-08 08:18:43 [Print]
BEIJING (Asian Metal) 8 Mar 23 - As a major HR strip producer in Handan, Hebei province, Xinjin Iron and Steel Co. (Xinjin Steel) would expand the production from about 130,000t in February to around 150,000t this month.
"We plan to raise the output of HR strip by about 15% MoM to around 150,000t in March due to increased orders," revealed a source of the company. According to him, they have zero stock in hand for the time being and all customers need to place orders in advance.
Based on one HR strip production line of 1,250mm rolling mill and the annual production capacity of about five million tonnes, the company produces HR strip with the width of 900-1,260mm. It recorded an output of around 1.9 million tonnes of HR strip in 2022 and produced about 280,000t in the first two months of this year.
The mainstream prices of HR strip Q235 1,010mm*3.5mm*C from Xinjin Steel rose to about RMB4,300/t (USD620/t) D/P in warehouse Handan on Tuesday, up by RMB20/t (USD3/t) from Monday. Insiders predict that Chinese HR strip prices would go up further in the coming week mainly supported by higher raw material prices.
"We plan to raise the output of HR strip by about 15% MoM to around 150,000t in March due to increased orders," revealed a source of the company. According to him, they have zero stock in hand for the time being and all customers need to place orders in advance.
Based on one HR strip production line of 1,250mm rolling mill and the annual production capacity of about five million tonnes, the company produces HR strip with the width of 900-1,260mm. It recorded an output of around 1.9 million tonnes of HR strip in 2022 and produced about 280,000t in the first two months of this year.
The mainstream prices of HR strip Q235 1,010mm*3.5mm*C from Xinjin Steel rose to about RMB4,300/t (USD620/t) D/P in warehouse Handan on Tuesday, up by RMB20/t (USD3/t) from Monday. Insiders predict that Chinese HR strip prices would go up further in the coming week mainly supported by higher raw material prices.
