SteelOrbis Shanghai
Several days ago,
Baosteel shipped 12 pieces of pipeline steel
plate to
Russia, the total weight of which amounted to 85 metric tons. This batch of steel
plate will be transformed into steel
pipe in
Russia for use in the famous Sino-Russian Oil Pipeline Project. The steel
plate consignment is noteworthy because it marks the first-time entry of
Baosteel's pipeline steel
plate into the international market.
The total demand of the pipeline project is expected to reach more than one million mt of pipeline steel. Of all the Chinese mills,
Baosteel is the only supplier to have qualified for the project.
Sources report that if
Baosteel's product passes inspection and authentication this time, then it will be commissioned to produce another 15,000 mt by the end of 2006 and will start to supply the project in large quantity.