According to Chinese special steel producer Pangang Group Sichuan Changcheng Special Steel Co., Ltd, the company received export orders worth $1.198 million in November - the first time the company's monthly export order bookings have exceeded $1 million in value since the financial crisis started in 2008.
In the month in question, Pangang Group Sichuan Changcheng Special Steel exported 339 mt of finished steel, up 40 percent year on year, with resulting sales revenues reaching $0.93 million, up 59 percent year on year. Meanwhile, in first 10 months of this year, the company exported 3,104 mt of finished steel, up 84 percent year on year, with sales revenues amounting to $7.16 million, up 75 percent year on year.
In the current year, Pangang Group Sichuan Changcheng Special Steel has established business relations in Poland, Mexico, Canada, Japan and other countries. Also this year, the company has developed new products such as DC53 flat bars and SUS 416 wire rods, and has entered the overseas markets with these products.