Baolida Steel to raise HR strip output

BEIJING (Asian Metal) 16 Apr 24 - Tianjin Baolida Iron and Steel Co.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go up in the coming week mainly supported by higher raw material prices.Asian Metal Copyright (Baolida Steel), one of the major HR strip producers in Tianjin, would expand the production to around 79,000t in April, said a source of the company.

"We just produced about 60,000t of HR strip in March due to the suspension caused by the environmental protection inspection and the planned output for this month would reach around 79,000t," explained the source. According to him, they have a stockpile of about 3,000t in hand now, down from around 5,000t last month.

Based on one HR strip production line of 650mm rolling mill and the annual production capacity of about 1.2 million tonnes, the company produces HR strip with the width of 183-395mm.Asian Metal Copyright "We just produced about 60,000t of HR strip in March due to the suspension caused by the environmental protection inspection and the planned output for this month would reach around 79,000t," explained the source.Asian Metal Copyright They recorded an output of around 740,000t last year and produced about 154,000t in Q1 of 2024.

The mainstream prices of HR strip Q235 235mm*2.5mm*C from Baolida Steel hovered at about RMB3,700/t (USD511/t) D/P in warehouse Tianjin on Monday, unchanged from last Friday.Asian Metal Copyright According to him, they have a stockpile of about 3,000t in hand now, down from around 5,000t last month.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go up in the coming week mainly supported by higher raw material prices.

.Asian Metal Copyright Insiders predict that Chinese HR strip prices would go up in the coming week mainly supported by higher raw material pricesAsian Metal Copyright