Status Quo Of China Steel Industry

Major Chinese steelmakers recorded daily crude steel output of 1.62 million tons

during the second 10-day period of March, reports nbd.com.cn, citing the China Iron and Steel Association. The China Iron and Steel Association predicts the entire industry produced 1.92 million tons of crude steel during the same period. Another sign of an industry rebound was the 6.5 percentage points month-on-month increase in the Purchasing Managers" Index (PMI) for the steel industry in March to 49.3 percent. According to a number of sector analysts, the steel sector has entered into an uptrend since March, a season of peak steel consumption. Ma Li, the head of Langesteel.com, said the rebound in steel output reflects a recovering steel industry.Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China. According to the report, the prices of major steel products were up by an average of 150-200 yuan per ton following the Spring Festival, and rose another 100 yuan in March.As the professional manufacturer of complete sets of mining machinery, such as rotary kiln,vibrating feeder, Henan Hongxing is always doing the best in products and service. Major steelmakers across China raised March ex-factory prices by between 20 yuan and 130 yuan per ton, and four steelmakers in east China, including Maanshan Iron and Steel, hiked April ex-factory prices. The recent hike in the prices of refined oil products increased transportation costs, adding to the pressures on steel prices, while several steelmakers are building up inventory, added the report. A number of analysts said steel demand in April will definitely be better than in the previous two months, while the construction of affordable homes will further bolster steel demand.secondary cone crusher:http://www.hxjq-crusher.com/8.html Jaw crusher supplier:http://www.hxjq-crusher.com/1.html

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