Business & Trade

Status quo of China steel industry

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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.

Hongxing Company lays much emphasis on the quality and clients. We serve clients with the quality guideline of being responsible for every working procedure, every product and every client. What we have done is for the clients and we believe that quality is the best way to develop market. All of the products have passed the authentication of ISO9001. Hongxing Brand is the Chinese Famous Brand. Reliable and stable quality is the key to success; our products are well known at home and abroad. Now we have tens of thousands of users throughout China and more than 30 world markets, such as: South Africa, Middle East, India, Philippine, Western Europe, Southeastern Asia.


The leading products of our company include: ball mill,raymond mill, sand-maker, jaw crusher, hammer crusher, vertical compound crusher, rotary kiln, drier, vibrating screen, sand washer, magnetic separator, SF flotation machine, roll crusher, belt conveyor, bucket elevator, spiral classifier, impact crusher, disk granulator, final screen, lift mixer, table Concentrator, centrifugal ore separator, high-efficiency Concentrator, disc feeder, pendulum type feeder and hydraulic cyclone. Moreover, we can provide program design, process flow design, standard and non-standard design for clients.

The persistent operating theory of Hongxing is: the development way depends on the concept and the good product comes out of the good faith. We have been awarded the “Civilized Enterprise” “Key Enterprise” “Enterprise with Standard Quality” and “Enterprise with Honesty and Credit Standing”. And Hongxing Brand is a "China Famous Brand" for reliable and stable quality. We firmly believe that we can get sincere repayment with our sincere dedication.

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.

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 stone crushing plant,belt conveyor, 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.

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.

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.


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