November 22, 2008

Laiwu Steel and Taishan Steel export value rises in May

It is reported that steel products export value of Shandong Laiwu up by 127%YoY in May to USD 110 million. In specific, Laiwu Steel reaped USD 93.62 million and Taishan Steel USD 12.58 million up by 222.9% YoY and 94.7% YoY respectively.

It's forecasted that the export value of steel products of the city would gain 9% YoY to USD 480 million in the first half of this year.

As per report after four month adjustment, Laiwu Steel and Taishan Steel have improved their products' competitiveness in global market with better risk hedge abilities. And export values for deep processed steel products also post reviving growth.

(Sourced from MySteel.net)