Chinese steel giant
Baosteel has stated on its website that the massive earthquake which hit
Japan last week has negatively influenced supplies of
automotive steel plates and key auto components from
Japan. As a result, Japanese carmakers' joint ventures (JVs) in the southern Chinese city of Guangzhou - namely, Dongfeng Nissan Passenger Vehicle Company, Guangqi Honda Automobile and Guangqi Toyota Automobile - have been affected.
Baosteel said that it has accordingly contacted the three companies in question and submitted proposals to deliver emergency supplies of the steel products they need.
The Japanese carmakers' joint ventures in
China have three main sources of supply, namely, Guangzhou JFE,
Baosteel-
Nippon Steel Autoplate and imports.
Baosteel-
Nippon Steel Autoplate has three
galvanized steel
production lines, with a total annual output capacity of 1.25 million mt. In 2010, the company sold a record auto
plate volume of 1.4056 million mt.