Tangshan Steel expands HRC production
2024-04-29 08:34:30 [Print]
BEIJING (Asian Metal) 29 Apr 24 - Hebei Iron and Steel Group Co. (HBIS) Tangshan Steel Co. (Tangshan Steel), a leading HRC producer in North China, plans to produce 470,000t of HRC in April, up from 400,000t in March.
"We run both HRC production lines (2,050mm, 1,580mm) fully this month, while halted the 2,050mm line for 10 days in March. Therefore, the output in April would see the MoM rise of 70,000t to 470,000t," revealed a sales official from Tangshan Steel, adding that the mill plans to produce 470,000t of HRC in May. In the meantime, he points out that end users watching the market previously placed orders boosted by the spirally upward price trend in the middle of April, and the mill finished the sales target for May production easily.
On April 28, Tangshan Steel announced the decision to move down HRC concluding prices for April production by RMB130/t (USD18/t). Therefore, the price for Q235B 5.5mm*1,500mm*C stands at RMB3,710/t (USD512/t) EXW D/P. Presently, the mainstream price of the material hovers at RMB3,800/t (USD524/t) D/P in warehouse Tianjin, down by RMB10/t (USD1.4/t) compared with last Friday. Most deals are concluded between traders, while the demand from downstream industries remains far from strong.
Reporting an annual production capacity of 6 million tons, Tangshan Steel roughly produced 5.7 million tons of HRC in 2023 and 1.42 million tons in the first three months of 2024. The mill holds no inventory for the moment.
"We run both HRC production lines (2,050mm, 1,580mm) fully this month, while halted the 2,050mm line for 10 days in March. Therefore, the output in April would see the MoM rise of 70,000t to 470,000t," revealed a sales official from Tangshan Steel, adding that the mill plans to produce 470,000t of HRC in May. In the meantime, he points out that end users watching the market previously placed orders boosted by the spirally upward price trend in the middle of April, and the mill finished the sales target for May production easily.
On April 28, Tangshan Steel announced the decision to move down HRC concluding prices for April production by RMB130/t (USD18/t). Therefore, the price for Q235B 5.5mm*1,500mm*C stands at RMB3,710/t (USD512/t) EXW D/P. Presently, the mainstream price of the material hovers at RMB3,800/t (USD524/t) D/P in warehouse Tianjin, down by RMB10/t (USD1.4/t) compared with last Friday. Most deals are concluded between traders, while the demand from downstream industries remains far from strong.
Reporting an annual production capacity of 6 million tons, Tangshan Steel roughly produced 5.7 million tons of HRC in 2023 and 1.42 million tons in the first three months of 2024. The mill holds no inventory for the moment.
