Yuxi Xianfu Steel to decrease HR strip output
2023-04-17 07:33:34 [Print]
BEIJING (Asian Metal) 17 Apr 23 - As the major HR strip producer in Yuxi, Yunnan province, Yunnan Yuxi Xianfu Iron and Steel Co. (Yuxi Xianfu Steel) would reduce the production by about 10,000t MoM to around 140,000t in April, revealed a source of the company.
"Because of decreased orders, we might just produce about 140,000t of HR strip in April, down by around 10,000t month on month," explained the source. According to him, they have an inventory of about 6,000t in hand for the time being, down from around 15,000t last month.
Based on one HR strip production line of 1,050mm rolling mill and the annual production capacity of about 2.2 million tonnes, the company produces HR strip with the width of 710-950mm and thickness of 2.0-12.0mm. It produced about 1.1 million tonnes of HR strip in 2022 and around 390,000t in Q1 of this year.
The present mainstream prices of HR strip Q235 710mm*3.5mm*C from Yuxi Xianfu Steel stand at about RMB4,210/t (USD614/t) D/P in warehouse Yuxi, stable compared with those of last Friday. Insiders expect Chinese HR strip prices to go down in the coming week on weak demand.
"Because of decreased orders, we might just produce about 140,000t of HR strip in April, down by around 10,000t month on month," explained the source. According to him, they have an inventory of about 6,000t in hand for the time being, down from around 15,000t last month.
Based on one HR strip production line of 1,050mm rolling mill and the annual production capacity of about 2.2 million tonnes, the company produces HR strip with the width of 710-950mm and thickness of 2.0-12.0mm. It produced about 1.1 million tonnes of HR strip in 2022 and around 390,000t in Q1 of this year.
The present mainstream prices of HR strip Q235 710mm*3.5mm*C from Yuxi Xianfu Steel stand at about RMB4,210/t (USD614/t) D/P in warehouse Yuxi, stable compared with those of last Friday. Insiders expect Chinese HR strip prices to go down in the coming week on weak demand.
