Shagang Group exports 554’000 tons in Q1
Zhangjiagang Customs Inspection Bureau checked 554'000 tons of steel products exported by
Shagang Group in Jiangsu province of Eastern
China through the first quarter of 2005. The products, with a total value of $243 million, include 140'000 tons of
wire rod, 20'000 tons of
rebar, 134'000 tons of continuous casting
slab and 260'000 tons of continuous casting
billet.
It is estimated that
Shagang may export 2 million tons of steel products with about $900 million in trade value for 2005.