In the first ten months this year, Tangshan Steel total exported about 1.063 million tons CR, HR, and wire rod steels, creating about US$ 665 million, about RMB 224 million higher than the sales in domestic market.
It was learnt that Tanggang signed about 5800 tons CR supply contract with a Philippine buyer on November 17. And CR export volume for Tanggang totaled 0.93 million tons in January-October, accounts more than 80% of the total steel export quantity, and the CR export volume is likely to exceed 1 million tons this year.