Magang Group reports strong color coated plate sales to Europe

Friday, 25 Feb 2011

It is reported that Anhui Province based Chinese steelmaker Magang Group has stated that in early February received an order for 3,425 tonnes of color coated plate from Europe while in mid February it received another order for 2,000 tonnes of color coated plate also from Europe.

Magang Group reports strong sales of color coated plate after China Spring Festival holiday.

After Poland became Magang Group first European customer for color coated plate in 2010, bookings for color coated plate have been received from Sweden, Belgium and other European countries.

(sourced:steel orbis)

Angang announces prices for March

Wednesday, 23 Feb 2011

Angang has released its EXW price policy for March 2011 as under
1. HRCHRC price up CNY 350 per tonneSPHC 3.1

*1000mm to 1199mm low carbon standing at CNY 4560 per tonneQ235 5.5

*1500mm carbon HRC at CNY 4450 per tonne
2. CRCCRC price up by CNY 260 per tonneSPCC 1.0

*1250mm coil standing at CNY 5150 per tonne
3. Galvanized steelGalvanized steel price up by CNY 300 per tonneST01Z 1.0mm standing at CNY 5600 per tonne
4. Color coated steelColor coated steel price up by CNY 300 per tonneTDX51D+Z 0.5mm listed at CNY 6700 per tonne
5. Medium plateMedium plate price up by CNY 350 per tonneQ235A 20mm carbon plate standing at CNY 4750 per tonneCCSA 20mm shipbuilding plate at CNY 4990 per tonne
6. Silicon steel50AW470 and higher-grade 50AW800 0.5mm *1000*C standing at CNY 75650 per tonne up by CNY 200 per tonne
7. Wire rodWire rod up by CNY 300 per tonne
The new prices will be effective as of Mar, 2011.
(Sourced:mysteel.net)

JFE Steel to set up JV of color coated steel

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)