Liaoning steel products head overseas
Stronger steel products prices in the international market have spurred steel enterprises in
Chinas Liaoning province to shun domestic customers in favor of the more lucrative export markets.
In the first two months of 2005, Benxi Steels exports set a new company record by exceeding 100000 tons and $70 million in value. During the same period, Benxi Steel signed steel products export contracts totaling more than 200000 tons.
Anshan Steel informs that
Chinas 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 Benxis 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, Benxis continuous casting
billet found its way to the US market, as did the companys CR sheet and
galvanized steel sheet.