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  • Handan Steel stops selling carbon steel plate

    2024-03-29 08:36:09   [Print]
    BEIJING (Asian Metal) 29 Mar 24 - Handan Iron and Steel Co.Asian Metal Copyright4t from Wednesday.Asian Metal Copyright (Handan Steel), a subsidiary of Hebei Iron and Steel Group (HBIS), only signs orders of low-alloy steel plate and fine steel in April, while the mill contracted about 15,000t of carbon steel plate orders in March.

    "Supported by the improving demand from downstream industries, we refused to sign carbon steel orders in April, and will contract 50% of low-alloy steel plate orders and 50% of fine steel, while we signed about 10% of carbon steel plate orders in March," revealed a sales official from Handan Steel. Meanwhile, the source disclosed that end users became more active in purchasing in recent two weeks upon the stabilized price signal.Asian Metal Copyright It does not hold any stocks for the moment.Asian Metal Copyright The mill plans to produce 150,000t of steel plate in April, similar to March.

    Reporting an annual production capacity of 2.8 million tons for two lines (2,800mm, 3,500mm), Handan Steel predicts to produce about 440,000t of steel plate in the first quarter of 2024.Asian Metal Copyright Handan Steel, a subsidiary of Hebei Iron and Steel Group HBIS, only signs orders of low-alloy steel plate and fine steel in April, while the mill contracted about 15,000t of carbon steel plate orders in March.Asian Metal Copyright It does not hold any stocks for the moment.

    Presently, the mainstream price of steel plate Q235B 14-25mm hovers at RMB3,750/t (USD519/t) D/P in warehouse Handan, Hebei, down by RMB10/t (USD1.4/t) from Wednesday.Asian Metal Copyright Traders reported less satisfactory sales performance this week compared with last week following the weakening prices, but participants did not expect for a large price drop in the coming month.Asian Metal Copyright Traders reported less satisfactory sales performance this week compared with last week following the weakening prices, but participants did not expect for a large price drop in the coming month.

    .Asian Metal Copyright Handan Steel, a subsidiary of Hebei Iron and Steel Group HBIS, only signs orders of low-alloy steel plate and fine steel in April, while the mill contracted about 15,000t of carbon steel plate orders in MarchAsian Metal Copyright
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