Qingdao Steel has announced that in the first half of the current year it produced 1.69 million tonnes of pig iron, 1.62 million tonnes of crude steel, 1.87 million tonnes of rolled steel and 606,100 tonnes of metallurgical coke. At the same time, its sales revenue in the given period reached CNY 23.7 billion up by 30.15%YoY.

Qingdao Steel has been exporting its high end steel products to Southeast Asia, Japan, South Korea, India and America at prices higher than domestic prices.

Qingdao Steel has an annual crude steel production capacity of 4.2 million tonnes with an annual output capacity of 2.7 million tonnes of wire rod. Its sales of welded rod in coil hold a share of over 50% of the Chinese market for this product.

(Sourced from MySteel.net)
Visit www.Mysteel.net for real time access to China steel new