Major Chinese steel producer
Baosteel has announced that two cargo ships fully loaded with its high frequency welded (HFW) line pipes are currently heading for
Australia and
Indonesia. The steelmaker states that, at a time when the entire steel
pipe market is in a downturn, its HFW
pipe products are selling very well. In the past four months, its HFW
pipe production facilities have been operating at fully capacity, producing 100,000 metric tons. In addition, the Chinese steel giant said that it has been awarded numerous gas pipeline production contracts, in Queensland,
Australia, in
Indonesia and in
Ecuador, with exports accounting for more than 40 percent of its total HFW
pipe output and reaching all-time record levels.