Sunday, 20 Feb 2011
It is reported that JFE Steel and JFE Shoji Trade Corporation of Japan are currently in talking with Suzhou Hesheng Special Material of China to set up a JV for making color coated steel flat products
It is said that Suzhou Hesheng would enhance its production to higher grade along with more production volume and JFE Steel would to secure its supply from its Japan's plant and Guangzhou JFE Steel Sheet.
(Sourced from YIEH.corp)
Showing posts with label Suzhou steel group. Show all posts
Showing posts with label Suzhou steel group. Show all posts
Sunday, February 20, 2011
Sunday, January 16, 2011
Scrap buying prices in east China Move closer to $530
Tuesday, January 13, 2011
Major east China steelmakers raised domestic scrap buying prices by as much as RMB 250/tonne ($38/t) on 9 January to encourage dealers to sell. Sunday’s hike lifted buying prices for heavy melting scrap to a recent record high of around RMB 3,500/t ($528/t).
In east China’s Jiangsu province, market leader Shagang raised its purchase prices by a large RMB 250/t ($38/t) Sunday to take its buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t) on a delivered to mill basis with 17% VAT. On the same day, Xingcheng Special Steel lifted its buying price for the same grade to RMB 3,510/t ($529/t) with VAT from RMB 3,340/t ($504/t) previously.
Meanwhile, Suzhou Steel Group (Sugang) raised its scrap buying prices by RMB 50/t ($8/t) on 9 January as well, to take its current buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t). Thus, from 4-9 January the specialty steelmaker had raised its scrap prices three times for an accumulated increase of RMB 250/t ($38/t).
“Mills are raising their buying prices step-by-step since traders are looking forward to higher prices and because transactions are few. It is possible that mills will have to raise their prices further this week.
Source: scrapmetalsandplastics.com
Major east China steelmakers raised domestic scrap buying prices by as much as RMB 250/tonne ($38/t) on 9 January to encourage dealers to sell. Sunday’s hike lifted buying prices for heavy melting scrap to a recent record high of around RMB 3,500/t ($528/t).
In east China’s Jiangsu province, market leader Shagang raised its purchase prices by a large RMB 250/t ($38/t) Sunday to take its buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t) on a delivered to mill basis with 17% VAT. On the same day, Xingcheng Special Steel lifted its buying price for the same grade to RMB 3,510/t ($529/t) with VAT from RMB 3,340/t ($504/t) previously.
Meanwhile, Suzhou Steel Group (Sugang) raised its scrap buying prices by RMB 50/t ($8/t) on 9 January as well, to take its current buying price for heavy melting scrap (>6mm) to RMB 3,500/t ($528/t). Thus, from 4-9 January the specialty steelmaker had raised its scrap prices three times for an accumulated increase of RMB 250/t ($38/t).
“Mills are raising their buying prices step-by-step since traders are looking forward to higher prices and because transactions are few. It is possible that mills will have to raise their prices further this week.
Source: scrapmetalsandplastics.com
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