1. Text: | Print|

      Steel makers bring forward maintenance to curb oversupply

      2015-01-26 09:53 Global Times/Agencies Web Editor: Qin Dexing
      1

      Chinese steel makers are bringing forward plant maintenance as they look to curb oversupply that helped knock nearly one-third off prices last year in the world's top producer of the alloy, industry sources said.

      Leaner demand in winter, when construction activity typically slows, has also forced steel mills to keep low iron ore inventories, piling more pressure on prices for the steel-making ingredient that have plunged close to their weakest in five and a half years.

      Chinese steel producers, including the biggest private mill Jiangsu Shagang Group and Hebei Province-based Tangshan Iron & Steel, are scheduling maintenance on some facilities, according to industry consultancy Custeel.

      "The difference this year is that in order to trim production, many mills in North China have brought forward maintenance plans, which traditionally happen during the lunar new year, as prices have fallen too quickly and many rebar producers have been losing more than 100 yuan ($16) a ton," said Cheng Xubao, an analyst with Custeel who has spoken to several mills.

      The lunar new year holiday this year kicks off on February 19.

      "We are making a loss of more than 200 yuan a ton and have had to conduct maintenance on one blast furnace which may last until after the Spring Festival," an official with a small steel mill in Tangshan, North China's Hebei Province told Reuters.

      According to Custeel, 12 large mills will cut their total output by an estimated 896,000 tons during scheduled overhauls over January and February.

      China's total steel output in December jumped 7.6 percent from the month before to around 69 million tons.

      Inventories of the five main products, including rebar and hot-rolled coil, had surged 8.07 percent to 10.41 million tons by January 16 from the end of 2014, the China Iron & Steel Association said in a report on Thursday.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费无遮挡无遮羞在线看| 亚洲黄色免费在线观看| 精品韩国亚洲av无码不卡区 | 亚洲精品无码av片| 成人性生免费视频| 亚洲日韩久久综合中文字幕| 好男人www免费高清视频在线| 亚洲乱码一区av春药高潮| 五月婷婷综合免费| 亚洲区日韩精品中文字幕| 精品免费国产一区二区| 精品在线免费视频| 亚洲国产小视频精品久久久三级| j8又粗又长又硬又爽免费视频| 亚洲日韩在线观看| 国产永久免费高清在线| 久久精品国产亚洲av影院| 日韩精品无码区免费专区| 亚洲Av无码国产一区二区| 亚洲精品99久久久久中文字幕| 中国videos性高清免费| 自怕偷自怕亚洲精品| 成人免费视频试看120秒| 免费国产在线精品一区| 亚洲Av综合色区无码专区桃色| 最近2019中文字幕免费大全5| 午夜在线a亚洲v天堂网2019| 免费夜色污私人影院在线观看| 久青草视频在线观看免费| 中文字幕亚洲精品| 在线视频免费国产成人| 中国videos性高清免费| 亚洲人成黄网在线观看| 亚洲av麻豆aⅴ无码电影| 免费国产黄网站在线观看 | 亚洲中文字幕久久精品无码APP| 久久国产精品免费专区| 亚洲精品无码日韩国产不卡av| 亚洲av区一区二区三| 最近中文字幕电影大全免费版| 亚洲老熟女五十路老熟女bbw|