Baotou Steel enlarges HRC output

BEIJING (Asian Metal) 12 Apr 24 - Baotou Iron and Steel Group Co.Asian Metal Copyright Baotou Steel, the largest HRC producer in Inner Mongolia, estimates that the output of HRC would reach 400,000t in April, up from 320,000t in March.Asian Metal Copyright (Baotou Steel), the largest HRC producer in Inner Mongolia, estimates that the output of HRC would reach 400,000t in April, up from 320,000t in March.

"We run both HRC production lines (1,780mm, 2,250mm) with full production capacity this month, while halted the 1,780mm line for around 10-day in late Mach. As a consequence, the output in April might see the MoM rise of 80,000t to 400,000t," revealed a sales official from Baotou Steel.Asian Metal Copyright Reporting an annual production capacity of 7.Asian Metal Copyright In the meantime, the source reveals that the sales pressure eased gradually this month following the price rebound.Asian Metal Copyright "We run both HRC production lines 1,780mm, 2,250mm with full production capacity this month, while halted the 1,780mm line for around 10-day in late Mach.Asian Metal Copyright However, upon the relatively low demand from downstream industries, he shows little confidence in the market prospect.

Reporting an annual production capacity of 7.2 million tons, Baotou Steel recorded the output of approximately 3.Asian Metal Copyright9 million tons in 2023 and 1.Asian Metal Copyright9 million tons in 2023 and 1.Asian Metal Copyright04 million tons in the first three months of 2024.Asian Metal Copyright04 million tons in the first three months of 2024.Asian Metal Copyright "We run both HRC production lines 1,780mm, 2,250mm with full production capacity this month, while halted the 1,780mm line for around 10-day in late Mach.Asian Metal Copyright The mill holds no inventory for the moment.

Currently, the prevailing price of HRC Q235B 4.75mm*1,500mm*C hovers at RMB3,750/t (USD518/t) D/P in warehouse Tianjin, similar to Wednesday.Asian Metal Copyright .Asian Metal Copyright The market performance weakens gradually dragged by the soft demand, and end users remain not in a hurry in purchasing, believing prices of HRC would enter the downward trend again.

.Asian Metal Copyright As a consequence, the output in April might see the MoM rise of 80,000t to 400,000t," revealed a sales official from Baotou SteelAsian Metal Copyright