Production Cuts at Tangshan Steel Plants to Affect Galvanizing Supplies-Shanghai Metals Market

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Production Cuts at Tangshan Steel Plants to Affect Galvanizing Supplies

SMM Insight 11:01:17AM Mar 11, 2016 Source:SMM

SHANGHAI, Mar. 11 (SMM) – Steel plants in Tangshan will be forced to cut production for the upcoming International Horticultural Exposition held there, one galvanized structural parts producer in Hebei told SMM. Steel plants in Tangshan are expected to be forced to cut output by 30-50% during June 14-20.

“Production restrictions in Tangshan should affect galvanized product supplies,” said one SMM zinc analyst.

One galvanizer told SMM galvanizing prices rose significantly before the 2016 Chinese New Year holiday as domestic steel mills hiked prices frequently. Prices for hot-rolled, cold-rolled and galvanized plate/coil increased 9%, 5% and 2%, respectively.

Production Cut Draft in Tangshan

Phase

Period

Days

Production cuts

Opening of International Horticultural   Exposition

April 24-27

4

30%

April 28-May 1

4

50%

Local leaders' meeting of China and Central and   Eastern European Countries (CEEC) 

June 14-15

2

30%

June 16-21

6

50%

40th Anniversary of the Tangshan Earthquake

July 26-29

4

30%

Golden Rooster & Hundred Flowers Film Festival

Early September

4

30%

China-LAC Business Summit 2016

Mid-September

6

30%

Closure of International Horticultural   Exposition

October 1-9

9

30%

October 20-30

11

50%

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 



 


Production Cuts at Tangshan Steel Plants to Affect Galvanizing Supplies

SMM Insight 11:01:17AM Mar 11, 2016 Source:SMM

SHANGHAI, Mar. 11 (SMM) – Steel plants in Tangshan will be forced to cut production for the upcoming International Horticultural Exposition held there, one galvanized structural parts producer in Hebei told SMM. Steel plants in Tangshan are expected to be forced to cut output by 30-50% during June 14-20.

“Production restrictions in Tangshan should affect galvanized product supplies,” said one SMM zinc analyst.

One galvanizer told SMM galvanizing prices rose significantly before the 2016 Chinese New Year holiday as domestic steel mills hiked prices frequently. Prices for hot-rolled, cold-rolled and galvanized plate/coil increased 9%, 5% and 2%, respectively.

Production Cut Draft in Tangshan

Phase

Period

Days

Production cuts

Opening of International Horticultural   Exposition

April 24-27

4

30%

April 28-May 1

4

50%

Local leaders' meeting of China and Central and   Eastern European Countries (CEEC) 

June 14-15

2

30%

June 16-21

6

50%

40th Anniversary of the Tangshan Earthquake

July 26-29

4

30%

Golden Rooster & Hundred Flowers Film Festival

Early September

4

30%

China-LAC Business Summit 2016

Mid-September

6

30%

Closure of International Horticultural   Exposition

October 1-9

9

30%

October 20-30

11

50%

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.