Tangshan Iron and Steel Group Co programs to further expand its abroad businesses and manufacture more metal products for automobile use within its efforts to counter the slump in the Chinese steel industry. 41 million) for the first 10 weeks, at a time when the majority of the other major Chinese steel companies reported deficits triggered by shrinking demand and higher fresh materials prices.

Sun Junxue, a worker at Tangsteel’s corporate and business culture department. Of November By the finish, Tangsteel’s steel product exports acquired increased to 1.4 million tons covering more than 150 locations and countries, regarding to company data. The business’s exports of cold-rolled bed linens, which are used for automobile manufacturing, reached more than 1 million tons during the first eleven months.

The export of hot-rolled bed linens, long medium and products and heavy plates, all of which are for car use, totaled more than 300,000 lots during the same period. She said besides the abroad marketplaces in the Middle East and Indonesia, the company has also entered the European and American metal marketplaces and also in developed countries such as Germany and Italy. Headquartered in Tangshan, Hebei province in North China, Tangsteel is a Chinese metal company with 70 years of history.

270 million organized metal prepayment loan from six international banks led by Deutsche Bank. 270 million of its steel exports to global metal producer Duferco, the main working trade subsidiary of Duferco International Trading Holding SA, a global metal trading company located in Luxembourg. … Read more

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