Quanzhou Minguang to enlarge construction steel output

BEIJING (Asian Metal) 15 Mar 23 - As a major construction steel producer in Fujian, Quanzhou Minguang Iron and Steel Co.Asian Metal Copyright The company owns an annual production capacity of 3.Asian Metal Copyright (Quanzhou Minguang Steel) estimated the output would reach almost 280,000t in March, up from 200,000t in February.

"We finished the 12-day facility maintenance on two production lines in February and produced with full capacity in March. We estimated that construction steel output would rise by 40% MoM to 280,000t in March," said a source from the company, adding that the demand for construction steel from building sites picks up gradually this month.

The company owns an annual production capacity of 3.5 million tons for construction steel and produced about 2.Asian Metal Copyright87 million tons in 2021.Asian Metal Copyright94 million tons of the material in 2022, up from 2.Asian Metal Copyright We estimated that construction steel output would rise by 40% MoM to 280,000t in March," said a source from the company, adding that the demand for construction steel from building sites picks up gradually this month.Asian Metal Copyright87 million tons in 2021.Asian Metal Copyright The company owns an annual production capacity of 3.Asian Metal Copyright It recorded an output of roughly 470,000t in the first two months of this year, holding no stock currently.

In Fuzhou, Fujian, the mainstream price of rebar HRB400 Φ18-25mm stood at around RMB4,380/t (USD636/t) on Tuesday, up by RMB20/t (USD3/t) from Monday. Upon weakened market performance, construction steel prices would go down slightly in coming two days.
.Asian Metal CopyrightBEIJING Asian Metal 15 Mar 23 - As a major construction steel producer in Fujian, Quanzhou Minguang Iron and Steel CoAsian Metal Copyright