Liaoning steel products head overseas

Friday, 25 March 2005 11:35:00 (GMT+3)   |  
       

Liaoning steel products head overseas

Stronger steel products prices in the international market have spurred steel enterprises in China’s Liaoning province to shun domestic customers in favor of the more lucrative export markets. In the first two months of 2005, Benxi Steel’s exports set a new company record by exceeding 100’000 tons and $70 million in value. During the same period, Benxi Steel signed steel products export contracts totaling more than 200’000 tons. Anshan Steel informs that China’s domestic auto industry, home appliance industry and construction industry all show huge demand for high-grade CR products. However, the price differential between domestic and international prices means that the bulk of Anshan and Benxi’s high-grade CR products are shipped overseas. The 0.5mm CR sheet produced by Anshan Steel and Benxi Steel is largely exported to the EU, Japan and South Korea. In addition, Benxi’s continuous casting billet found its way to the US market, as did the company’s CR sheet and galvanized steel sheet.

Similar articles

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News

Vietnam’s Hoa Phat posts higher construction steel sales amid rising consumption

08 Dec | Steel News

Vietnam’s Hoa Phat posts higher HRC sales in October amid better demand

07 Nov | Steel News

Vietnam’s Hoa Phat achieves highest construction steel sales this year in Sept

06 Oct | Steel News

Vietnam’s Hoa Phat’s steel sales fall in Jan-Aug

12 Sep | Steel News

Vietnam’s Hoa Phat’s steel output and sales rise in July from June

09 Aug | Steel News

Vietnam’s Hoa Phat’s steel output and sales fall in H1

07 Jul | Steel News

Vietnam’s Hoa Phat’s steel sales fall in May

06 Jun | Steel News

Vietnam’s Hoa Phat Group posts lower net profit and sales revenue for Q1

28 Apr | Steel News

Vietnam’s Hoa Phat’s steel sales rise in March

06 Apr | Steel News