21st Century Business Herald reported that seel mills in Hebei Tangshan, the biggest steel production city in China rush to production and postpone overhauls in view of the returning steel market and rising steel prices.
Annual steel production capacity in local stays above 50 million tonnes or makes up one tenth of China's total capacity. And local mills mainly medium and small sized ones are mainly engage in rebar and wire rod production.
Though flexible in operation, these smaller mills also bear the brunt of the global financial crisis. Mills idling or cutting production takes up two thirds of total mills in local in the Q1 of this year. However, the recovering steel market since April brings an opportunity for these mills. Stimulated by the CNY 4 trillion stimulus packages, demand for construction materials picks up like rebar and wire rod the major steel products produced in local.
Steel production in Tangshan picks up
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Posted - 07/06/2009 : 02:52:55
