July 25, 2008

Shagang to export 2 million tonnes steel in 2008

It is reported that Shagang is speeding up the move in steel export market and has developed markets in 30 countries and areas. In 2007, the company had an import and export value of more than USD 3.2 billion with high grade and new products winning a foreign exchange of USD 1.48 billion.

In 2008, Shagang targets at having an export volume of 2 million tonnes in total and realizing foreign exchanges of more than USD1 billion by high grade products in particularly the high carbon steel wire, high strength high grade hot coiled sheets, and ship plate and line pipe steel and other high value added products.

Shagang rank third in steel export volume, with the export volume of high carbon high grade wire rod maintaining the leading position.