October 16, 2008

BaoSteel supplies record volumes of steel to auto sector in 2007

According to Baosteel, taking the demand season for automobiles in September to October, Baosteel managed to boost the sale volume of auto sheet.

During January to October 2007, BaoSteel has sold 2,670,000 tonnes of auto sheets, finishing 89.3% of the year plan and exceeding that of the whole 2006. The sales includes including sale of CR sheets for outer applications for auto and passenger car reaching 392,900 tonnes and 346,900 tonnes achieving 99.5% and 99.1% of the yearly targets respectively.

Meanwhile, the volume of cold rolled auto sheet reached 2.10 million tonnes accounting 85.6% of the year plan with the volume for 2007 may come to 2.56 million tonnes 100,000 tonnes more than the plan. Besides, Baosteel boosted the sale of strategic products of auto sheet, with the sale volume of galvanized products during the first ten months 1.7% more than the year plan.

Till the yearend, Baosteel will focus on: solving the quality problems appointed by Japanese mode automobile consumers, completing the targets and plans for the year, making next year’s plan and so on.