Monday, 14 Mar 2011
It is reported that Hebei Province based Chinese steelmaker Wuyang Iron and Steel Co Ltd exported 18,000 tonnes of steel plate in February this year marking its best monthly export performance since the outbreak of the financial crisis.
Wuyang Steel mainly exports boiler plate, container plate, thick Z-plate and offshore platform steel plate to be used in hydroelectric and wind power projects in South America as well as in oil storage tank manufacturing in the Gulf region. In addition, Wuyang Steel also exports its steel plates to countries such as South Korea, Vietnam and Iran.
In H1 2010 Wuyang Steel exported 92,000 tonnes of wide and thick plate, almost equal to the company total export volume for the whole of 2009.
Showing posts with label Wuyang Iron and Steel. Show all posts
Showing posts with label Wuyang Iron and Steel. Show all posts
Monday, March 14, 2011
Friday, February 25, 2011
Wuyang Steel to step up R&D on steel grades for marine applications
Thursday, 24 February 2011
Henan Province-based Chinese steelmaker Wuyang Iron and Steel has stated that it intends to strengthen its research and development (R&D) regarding steel grades used for marine engineering applications.
By 2015, China's annual output value of steel grades used in marine engineering applications is expected to exceed RMB 100 billion ($15 billion) and to account for a 20 percent share of the overall international market.
With a view to tapping this expanding market, Wuyang Steel has recently developed A514 GrQ and A517 GrQ steel grades used in marine engineering.
By 2015, China's annual output value of steel grades used in marine engineering applications is expected to exceed RMB 100 billion ($15 billion) and to account for a 20 percent share of the overall international market.
With a view to tapping this expanding market, Wuyang Steel has recently developed A514 GrQ and A517 GrQ steel grades used in marine engineering.
Tags: China , Far East , production , steelmaking , East Asia and Pacific,develop steel grades for marine engineering, China steel production,
Monday, February 21, 2011
Wuyang Iron and Steel posts net profit of RMB 123 million in 2010
Monday, 21 February 2011
Chinese steelmaker Wuyang Iron and Steel has posted a net profit of RMB 123 million ($18.7 million) for the whole year of 2010, with a total pre-tax profit of RMB 379 million ($57.5 million). The company also realized a sales income of RMB 11.5 billion ($1.7 billion) in the year in question, while it recorded a total crude steel output of 2.51 million mt and produced 2.21 million mt of steel plates.
In 2011, Wuyang Iron and Steel aims to achieve crude steel production of 2.8 million mt and a steel plate output of 2.4 million mt. For the same year, Wuyang Iron and Steel is targeting a net profit of RMB 120 million ($18.2 million) and sales income of RMB 12 billion ($1.8 billion).
(sourced:steelorbis)
Tags: plate , crude steel , flats , China , Far East , East Asia and Pacific , steelmaking , production , fin. Reports , Hot Rolled Plate
Chinese steelmaker Wuyang Iron and Steel has posted a net profit of RMB 123 million ($18.7 million) for the whole year of 2010, with a total pre-tax profit of RMB 379 million ($57.5 million). The company also realized a sales income of RMB 11.5 billion ($1.7 billion) in the year in question, while it recorded a total crude steel output of 2.51 million mt and produced 2.21 million mt of steel plates.
In 2011, Wuyang Iron and Steel aims to achieve crude steel production of 2.8 million mt and a steel plate output of 2.4 million mt. For the same year, Wuyang Iron and Steel is targeting a net profit of RMB 120 million ($18.2 million) and sales income of RMB 12 billion ($1.8 billion).
(sourced:steelorbis)
Tags: plate , crude steel , flats , China , Far East , East Asia and Pacific , steelmaking , production , fin. Reports , Hot Rolled Plate
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